The Birmingham age-herald., 1904-12-21

and Iron company. The International Trust company of Baltimore has just sold to a syndicate, made up in part of New York capitalists. six thousand shares of Alabama Consolidate common at s42. 50 a share, or $255,0O0 for the block. This was the last of the trust eompany's orig inal holdings, a block of 250O shares hav- ing been sold previously.
 The Capitalization.
 The Alabama Consolidated has an is- sue of 25O0O shares of common, much of this stock being distributed in small blocks. There also are 25,OO0 shares of pre- ferred, making a total capitalization of $5OOO,OOO.
 Ninety days ago Consolidated common sold in the open market at s1O share. This week 1t has been selling at 8.
 The names of the purchasers have not yet been disclosed. Colonel T. G. Bush. president of the Alabama Consolidated, has been in New York for several days. and it is known that he has been con- dueting the negotiations.
 George B. Mccormack and Erskino Ramsay of the Pratt Coal and Coke eom- pany left for New York Monday and will reach there this morning. Rumor has had 1t for several weeks past that MT. Mccormack Mir. Ramsay and Mir. T. T. Hlllman were negotiating for an interest In the control of the Alabama Consolidated, and there are many per- sons here who believe that these gentle- men will become prominent factors in the new management.
 Woodstock Iron Go.
 In connection with the change In Alabama Consolidated control 1t is said that Colonel Bush and associates will ac- | quire the Woodstock Iron company's two | furnaces which arc located at Annston.
 It Is known that Lehman Brothers of | New York, who have controlled the Woodstock Iron company for some time past, have been desirous of dlsposlng of their interest. The zAnnlston stacks have been idle for two years or more They are among the larges in Alabama and the capacity of the two furnaces com blned is stated at about 400 tons daily. VIII the Alabama Consolidate Coal and Iron company and the Woodstock Iron company be merged? Is the question dis- cussed in iron circles. While no one in Birmingham pretends 70 have definite in- formation on this point, it is believed that the two concerns will stay apart, at least for the present.
 Valuable Properties. l The Woodstock Iron company owns, be- sides it's furnaces and ore lands, the Ml- ner coal mines and coke ovens at New castle. in Jefferson county.
 The Alabama Consolidate Coal and Iron company own and operate three furnaces two at Ironaton and one at Gadsden. The latter was rebuilt last year on large and thoroughly modern lines. The com- pany Is also we'll supplied with coke ovens. having about 800 in first class | condition. The companys coal mines are located at Brookwood. 1rondale. seares. Lewisburg and Hewitt; It's red ore mines are at Attalla and Gadf den, and It's brown l ore is at Irona.on.
 Telegram from Bush. l Late last night Coi. T. c. Bush sent the following telegram to The Age- Herald:
 New York December U, 1904
 "Your wire received. Party in New York has bought control of the Alabama Consolidated as an investment and will strengthen and develop the property along economic lines. Names of purcha- sers will be divulged when plans arc perfected. Northern headquarters will be in New York"