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50,000
30,000
80,000
Volume
18,000
14
12
10
8
Dec 1899
Sep 1899
Jun 1899
Mar 1899
Volume increase
closes at bottom)
Dec 1898
on breakout
Sep 1898
Tennessee Coal & Iron increased 265% in 39 weeks.
Jun 1898
Mar 1898
Mass-production of steel for The Spanish-American War. Price Lowered freight costs by using its own railroad and lowered 220 operating costs by employing convicts. 190 160 140 120 100 80 70 60 50 Buy 40 34 30 26 22 A classic shorter 16-week cup- 19 with-handle (note 4 weeks of tigh
Dec 1897
Sep 1897
Jun 1897
Mar 1897
Sep 1896 Dec 1896
Jun 1896 Mar 1896
trading volume for
Tennessee Coal & Iron–1898 Weekly Chart Weekly trading volume, color of volume matches color of price Average weekly prior 10 weeks Dec 1895 Sep 1895 Jun 1895

