New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-17
LOCAL MISCELLANY.
F. FINANCIAL CONTEST.

. srpuastp FOR THE CONTROL OF THE CLEVELAND
oo,pmpus CINCINNATI AND INDIANAPOLIS RAIL
N0AD.
y-he stock market yesterday opened and closed
e,n,v nut was subject TO fluctuations throughout the
sav vita general decline prices. Cleveland 90
mnpus Cincinnati and Indianapolis was exceptional
and advanced from s6i to $751; the highest sales OF satur
ssy having been at ssh and the price having oeen "'n
te last two weeks as from which has stead
iy sdvapced. The influences In operation upon TINS
.toek are OF present interest The Cleveland Couous'
CINCINNATI and Indianapolis s old road, and ts STOCK
ha. been favorite investment security for about
N Years dividend paid the stock with reg
charity and promptness The 160c0 shares are helu py
.ho,t 100 persons. most OF them IN small
Io,. Tbe largest amounts are held by
nessrs Bischonsheim Il Goldschmidt OF London
A. the annual election last March the Atlantic ana
Great Western Railroad Company. through Its agents
obtsned control OF the road Ii Is sad that PRIOR 70 tine
election 10000 shares had been sold by the company 10
persons in the OF the Atlantic and Great west
arm without the knowledge the stockholders and that
the President had collected and received large NUN
her OF proxies usual which he voted IN the inter-
e< OF the Atlantic aud Great Western Very tte OF the
stock was in the market year AGO; was then quoteo
M o. but II said that purchases we're made before the
election high 81 by persons seeking to get control
Al the election March six millions OF stock were
represented, OF which about four millions were In the
,nt.reat OF the Atlantic ana Gree, Western Railway
The fret use OF their power by the new directory was
20 make q lease Of the property ana rancnises
Of the Company 20 the Atlantic ana Great "es'
avn Railway Company, which, 1t Is claimed Dy tue
s,ochholders OF the former that time In bank
rrpt condition IL ia also claimed that the rent unue'
che lease was sufficient and the security Tor ls pay
man, inadeouate The lease have been submitted
for ratification 10 meeting OF the stoeKhoiuers III
April last but before the time OF meeting al in0uneuon
vas obtained. after argument, IN the United States
Court ct Cleveland restraining the stockholders ron
making the lease. AT the same time bill amending
the State railroad introduced IN the ONO ees
lature and passed without delay, which
other things that there shall he purchase lease, &c.
az one railroad by another, except by vote OF two
thirds OF the Of each Company and that any STOCK
holder refusing assent to the lease OF his ROAD,
sha he entitled TO receive from the lessee the average
market value OF his stock for six months next preceding
the day OF the meeting OF the companies at Whch the
lease approved. The Injunction ana tue amenue Jaw
eeetually prevented the consummaton or the tease
hut such was the distrust created by the attempt 10
Iease the ROAD the Atlantic and Great western that
tbe stock declined the day OF the election ana
the ATTAINING of the Injunction from % TO 623 per cent
from which advanced 10 IS before the palc during
me financial depression of September last, the stock
snferod with others and has rallied very slowly until
within the last few weeks The August dividend OF 8.
per delayed 10 days-the hSs1 tne there naa
been delay for many years. The February dlVl
dend has not yet been paid though 1t Is
Seheved to have been fully earned. The
books of Company will close on Feb 81 prior 20 The
election on March Efforts are making by the present
management to get control OF two-thrds OF the stocH
prevent them There have been larger sales for some
DAYS past than for long time, and some OF them ART
thought to have been influenced by TINS rvary AaVef
tsemeDis have been inserted in the newspapers Tor
few weeks urging stockholders opposed 10 direction IL
the interest aud under the control OF the Asn1c anC
Great Western Railway to send their proxies TO LELAND
Bros h Co, No. 10 Nassaust or 70 j. s. Ferguson o.
No 50 PDes and responses are said to be coming II
freely The leaders OF The opposition are sahsnne