The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-29
STATED Eli Il
SToC MARK: :'I
Traders Di!spo ed q 70 Hold. OFT,
but N at as Strong.
VIRGINIA. CAR Q II Ma 4 CHEMICAL 6: I! \!
Some Interesting Statements Concern :1rs
ing hat Company Newt resi-
dent for sIoss-s Sheffield Steel
and Iron w orks.

s,Tha stock ularket was somewhat uns set
tied yesterday on
5but8 prices general Were fWell8
cd Pennsylya MIA and New ortA.C entla13
were leaders, and ST.: I3aul5 WasastloiaS
cratic ezra Southern preferred went Up to-
a53h Samuel spenc or, preslde lent olss.ne
Southern, reiterates the
he made last week that the u uisFIile
5and-NashV,lle has not. been absorbed by
Among@t irdustrlals Locomotive pre-
ferred was the leader, a thousano ssilsa 17 es
SSl'11sS7 11s-'s1 CHEMICAL
8 Chemical was a strong smember ne s
New York Sun say VS. u, -a.
There ares many industrial sn asdei5
which are worth a men ton. whose stock ss.
has been slowly but steadily adNaneea NJ aots
a long time ina yaythat sndlcat IS t ~
pending. One such stock. very. clearly;
is that os the Virginia-C arolina9 Chemical
Company. This company. which repre-
Cotton Oh Company and the leading con-
Germs engaged In the South in the manu-
facture Of fertilizers: chiefly used IN pre-
pairing the ground for the yeariYscottons
crop. ha paid to investors a per cent;
per arnum upon It's comm ION stock since
ElSS7,$it having been organized only a year
BY more, than lntimations that, the profits.
of the company5Wil + necessitate axfurtner
increase in the dividend rate in the not
very far distant future. aas55s
This fact and the bright prospect Tor
the company in the coming season. owing
to the large planting OF. cotton that, VII
undoubtedly he brought about by,the hlgn
alone account for the recent strength OF
the company's shares. But 1T is .pra ctl-s
5callyf an open secret that a zconsc ldatlon
is being arranged between the Virginia
Carolina Chemical Company and the large
American Cotton Oil Company and otherE
similar concerns now in the cotton Oil.
terprises. The effect OF this consolida-
ton will be, Of course, to advance the
prices of ali the stocks of the companies
concerned
SLOsS, NEW PRESIDENT.
The Journal OF Commerce says: G.
Maben has been elected president of the
Sloss-Sheffield Steel and Iron Company to
succeed zE.EO. Hopkins. who has resigned.
Archer Brown has resigned as q director.
and is SUGGESTED by H. %. Seixas. It has.
been known for some time that Mr.. Hop.
list, and that he would be succeeded by
Mr.. Nlaben, unless in the meantime the
directors should find a suitable man for
the place and thus relieve Mr.AIaben Of
the additional duties of president. Mr..
Ma ben has been chairman OF the Execl1-
tive Committee for some time and was
also g prosainent factor in the sloss ron
Steel and NC Company ny
Will probably leave in a, day Or two for
there Mr.. Ma ben will assume the duties
of president OF the sconpany::
SEAROARD5 .AIR LINE.
BALTIMORE ND. pril Pa syndi-
cate including the dominant interests in
the Seabaard Air, Line Railway and in
fluantialr New York associates has pur-
chased the holdings of the Cochran es-
tate in that property. These holdings
amount to- 81, 900 shares ofapreferred and
common stocks. The purchasers are John
L.ssNVillianss e. Sons, of Richmond, Va;
J. w. NIiddendorf e Co. of Baltimore;
Vermilyez d CO.. of New York. and Hall
garten q Co, of New York.
William F. Cochran from whose estate
this stock was bought. was a wealthy
CARPET manufacturer of Yonkers, N Y.
and was closely associated with Messrs.
l#NVilliams and NIiddendorf in the creation
of the Seaboard system.
decided improy cment and are ranging much high