The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-03-04


] ]. | J.
PRICE FOR ! .| !. s / |! ) 5
Continued from I7lrs Z ;Page.)
Ing ri establish d lower price level to 70
como ] II, g
Mi. II oadley was told tlla IA there wa
u report that because OF IN Ger INT ys as
to where L control Of The Tennessee Coal
and IRON Company was lod ged u had been
decided not ito I bring out tho 1ncr ger be-
fore; tho annual meeting Il, I May IIc
said II al u
So SO far8assI know, we have COT troll Of
Tennessee Coal%nnd Iron. rs 19 rave sni
All along. III It may be- though, IA that tho
present directors WilIfnot consent to- ,ic-8$
gotiut y iii the deal. Iii that case there
would s,be no thing; to q q but walt until until
tic May meeting and turn them out. 'sy3ig
81 N ever Heard Of Smith. @
Mr.. i Ioadlev$ did not mean exactly that
tho Tennessee Cohl and Iron directorate
could be turned out lii Nj u, even II con
troll had passed from I he II anoyer$ I3an k5
interest s, for tile board is classi flee, but
urged IS that ne w owners or the company
could accomplish i Tho anne rcsul t 4 as
busting the board by, leasin he company
10 another concern. N There was no quite
lithc same Samount6 81 con fidancc n II ond
liey's manner to day,8as there wa rec t-i
Is. IA He was a sked y Il g were true that
/ j. Henry Smiths holdings were ;counte u}5
on to give the II oadley syndicate control 81
II Tennessee Coal and Iron He replied
8j..IS don't know anything about Mr.
Smith never met III M S
q He went fon 10 say, in ms wer3 o8n,ore
ouestions, that his deal fl had progressed.
Ethls far: an option having been given
on, Sloss- Sheffield at n certal In II price g
price had been set on the Southern PRO p'-.s
EGrties of tho Republic Iron and steel COM
Epany negotiations were on for tho sllet-
lTfield Coal and Iron and two other com.
Ipanes, and control of the Alaba ma Coz
solidntcdE Coal and Iron had been bought
and paid for r. y3t n 5l33 lSS 4
Market Unsettled.
II The whole stock market was unsettled
this afternoon by the weakness IN ne
/ Jondley merger III stocks. S,oss- $ cffleld,2
Tennessee Coal and Iron, and Y Republic
Iron and steel. Leading railway shares;
Ihad been heavy In the morning because
/ or selling for foreign saccoun t. ba sed on
Iuneasness In Paris over N r ussla.s ssttua-s
4 ton ana when the IIoadley merger Sstoc Ks
slumped there was stead ykal i around sell
ling. VI 81 "a ls III l...2 4&t
President ]. G. Maben, ~ of the sloss-
tShcffleld Steel and Iron Company, tates
THAT the annual meeting of the stock
holders called for March 18th. vii prob
ably be postponed until March ed he
i reason forSthe post ponenents Is that The
"details for the purchase OF q majority
\ Of the stockton tho compnnyab by the I1oad-
4 ley-B h & syndicate has not been COM.
4 plctcd. Y The transaction t Is said, may
!. be closed Mufch 18th, but Presl dent Ma
i lien WILL not have timcS Ito prepare the
annua report for the stockhol ders. 5st
4 rs President NInbens said to-day NS (f
A,.rhe sale Of tho sloss- Sief field 8to3 the
syndicate B mot 4 matter for the dl-
|rectors, We have never Sconslde cred the
\ Ina or, and Y IT lis not niece ssnry. s3 The
holders OF a majority of the common stock
4 named 4 n price for their holdings, (which
was accepted by. the syndicate. Provision
4 was made 4, for each stockh older to have
tho right TO sell Ills shares on the same
! terms as I he muJ orlty. Thlsbfull " protects
every Stakeholder OF the sloss-s field
j Company.
i IT Is ssrlid that the disputed question Of
4 the ownership OF tho Tennessee Coal and
\ Iron Company will DE settled definitely
4 Mny Cd RHO annual meeting will he
5Eheld ut that time In Ienness and the
] two claimants will vote their irrespective
4 The Alabama Consolidated Coal and
A Iron syndicate, which aims 70 have q
A 5nn1ority Of Tennessee Cbnl and Iron ccr-
Il .tificates, announces that 1t will vote 10
\ abolish the by-laws classifying directors
4 and to elect ats own board.
Wall Street. Suspects Hitch.
\ interpretation that Wall Street placed
}on 1the5Sbreak III SlossH took to-day from
j lO7 -3 10 So was that a hitch had developed
Il q uthern communion Iof iron and steel
.l,propertiesS5;sT Tennessee Coal stock WAS also
4 Very weak, with heavy lIqudatten a. midday.
declined sen 70 asGA s Yh
/. sold gnl Ils1,g, and oncial stntenl,ents were
Il issued ,thatgit would he exchanged for Eenrnl
Il Irllst cert fcates Mt lg5 AT the fnme time q
4 was said tHat IT, nearly sold "a liz bit that
Il the generosity of tho men In control Of the
(, stock saved the shorts ~ good deal or money,
u Where the hitch IN regard .to s .. merger
Il nitely, hut Mall Street thinks that any present
Il diIleulties VII be overcome next week When
II the merger promoters meet asnlilt 5i3 n
Mr., Hundley at Ocean View,
Mr.. W. G, IIupdley, n we'll known Young
hsn o sFas ss e. saiS
ME- NJ. Hnndley has had laiga experience il
Z 1 hotel management, and ls We'll qualified "a
: make ''The NieSi' popular, especially with
= 81 Itch cured in 80,minutes by aYoolf9rd' Is
"a Sanitary Lotion. Never fY US. Sold by
4 Owens 8 Ninoy DRUG Co., Richmond, We,