The age-herald., 1900-11-13
GOOD I. C. I. STOCK
 WILL BE BETTER The Rise in Iron and Rise in
 in Securities MIR. BAXTER'S ASSISTANT Will Be Thoroughly Practical Steel and Iron Expert - Fluctuations
 in the Prices of Iron and
 T. c. & l. Stock
MIR. BAXTER'S ASSISTANT

The recent rumors about which some newspapers spluttered, to the effect that President Baxter of the Tennessee Coal, Iron and Railroad Company was to be sue- ceeded by an outsider were set at rest al- most in their beginning. It is stated, how ever, that d new man is to be secured to take the practical end of the iron and steel business, but that MT. Baxter will con- tinue as the official head of the company and will have charge of the sales of iron and steel.
 The Wall Street Journal of Saturday says that the indications point to a substantial advance in the price of the Tennessee Coal, Iron and Railroad stock as result of the recent renewed activity in the iron market and the consequent advance in price. Com parative figures for the last two years as respects the price of iron and the price of Tennessee Coal, Iron and Railroad stock vii show the relative rise and fall of each. On November F. 1S9S No. 1 foundry iron was quoted in Birmingham at $7o and T. c. I. stock at 3114. One year later, or on November F, 1899, No. foundry iron was quoted in Birmingham at $1S.5O d ton and T. c. I. stock at 116. Yesterday No. foun- dry was quoted in Birmingham at from SIP to S1250 per ton and T. c. l. stock at 72A. During the fall of 1899 T. c. I. stock went above 13O, while No foundry was never quoted higher than $1S.5O.
 Last June the slump in iron began, the price declining to $1O5Od11 a ton month later around which figures it hucuated un- 4314 4l,, .o11-e ipep the quotations on T. c. I. stock gradually dropped of to 54 on September 30, and later sold down to 49.
 Relative to the probable advance in both iron and T. c. I. stock, the Wall Street Journal of last Saturday says:
 An insider in Tennessee Coal and Iron says: We are going to have another boom in iron The drop in prices has been out of all reason. Why should Houthern iron sell for only half the price it brought a year ago? Iron prices went down because every body suddenly stopped buying. Stocks have, however, been used up, and will not be long before people will again be paying premium for prompt delivery. Tennessee Coal has had an abnormal decline and will have a substantial recovery. Very strong people hold stock today which cost them above 90, and if the general market Is fa- vorable you will see Tennessee Coal above 90 within a few months.
 The same paper,~in referring to the prob able engagement of practical iron and steel man by the Tennessee Coal Iron and Railroad Company, says:
 Tennessee Coal and Iron insiders talk in very bulish strains in regard to the stock They claim that on the present business position of the company the tock is entitled to substantial advance in price, The principal factors which are expected tc bring about rise are the fact that the companys sales of pig iron are now about double the present output, the advance ot 50 cents ton made in the price this week, and the infusion of new blood into the management No information, however, seems to be obtainable as to whether the very large sales of pig row reo''t'd are at the olJ O, the advanced price. The fact that M:. Baxter's services are to be re- tained and supplemented by those of thoroughly practical iron and steel man is regarded with favor as it is claimed that MT Baxters knowledge of some depart ments of the business is very deep. He is regarded as a very shrewd seller of pig iron. who has at times made profitable sales which puzzled other sellers. Who will be the new chairman of the board to sup ply the practical knowledge of matters on which MT Baxter is not well posted has not vet been made known, but there are assurances that he will be first-class