The Birmingham age-herald., 1905-02-14
INDUSTRIAL NEWS
The Wall Street Journal says:

The Wall Street Journal says
 There is reason to believe that control of Tennessee Coal and Iron company if it has not already passed, will go to the new purchasers soon. In this way the company may finally be part of the new combination. which will include half a dozen important coal, iron and steel con cerns in the Birmingham district
 The new interests in Alabama Consoli- dated Coal and Iron and John w. Gates were the largest purchasers of Tennessee Coal and Iron in Fridays market.
 It can be stated officially that reports of a revival of the old plan of merging Tennessee Coal and Iron, Sloss-Sheffield and Republic Iron and Steel are with out foundation. The interests then con cerned have nothing to do with the new merger.
 In the dealings on the stock exchange on Wednesday, Thursday and Friday, total of 15l 100 shares of Tennessee Coal and Iron common stock changed hands. This Is 1T095 shares more than a major ity of the common and 1f.612 shares more than a majority of both common and preferred outstanding.
 The sales of Tennessee Coal and Iron common for the three days named were Wednesday. February s.... s2,Soo shares Thursday, February 9...... $500 shares Friday, February 10......... 103,00O shares Total ..... a. ....15l 100 shares
 The outstanding common stock of the Tennessee Coal and Iron aggregate s22,- S01. 100. The outstanding preferred stock amounts only to s24S,3o0 The new management of Alabama Con- solidated Coal and Iron company will at once take up the development of the company's coal and ore lands. The output of coal, ore and coke is to be increased as rapidly as conditions permit Last year the iron production was 504, 066 tons. the output of coal 530,106 tons and that of coke S4S.406 tons. The total iron sales were $l,19S.07l. The company has such immense re- sources of coal, iron and limestone. that there are great possibilities in develop ment of production which is to be one of the foremost policies of the new manage ment.
 The company owns about 75,O00 acres of land of which something like 50,000 acres are mineral lands, coal and ore. In the new plans for the company these re- sources are to be made source or much greater income.
 Since the former Baltimore owners sold controlling interest to T. G. Bush, J. H. Hoadley, E,rskne Hewitt and asso- ciates they have been trying to buy back a portion of their holdings in the mar ket.
 The official announcement that major ity control was held by International Power company was followed by sharp rise in the price of the common stock on the Baltimore stock exchange. It open tn1 oIn at asked It Is selling above 50 Whether the company is to be the hold ing company for the other enterprises to become finally part of the combination is not officially known. It will be an im- portant subsidiary if not the holding com pany.
 A Pittsburg telegram to the New York Press says:
 That the H. C. Prick Coke company. headed by Henry c. Prick. has now cor nered the coke market, or rather the pro d,cing ovens was admitted. when it was announced that the Crossland plant of the Atlas Coke company had passed into the hands of the Prick concern.
 This plant is made up of 1C0 ovens which though seeming an insignificant number was just enough to give the Prick peo- pie a majority of all the production. At the offices of the Prick coke company the purchase was admitted. and 1t was said the ovens would be fired at once. They have been out of fire for some time.
 The following is from the Wall Street Journal of Saturday;
 The coal. ore, iron and steel freight of the Birmingham district last year exceed ed s1s s0o0.0o0 This is about one-fourth of the freight traffic of the United States steel corporation. The difference. how aver Is that while the traffic of the steel corporation will no doubt continue to grow. that of the Birmingham district Is increasing in leaps and bounds
 Within the next five years It IS predicteo