The daily gazette., 1879-10-29
DelatCare 1TesterM Stock.

AN ACTIVE FIGHT FOR IT'S POSSESSION
COL. INCOME BuCKING AGAINST
THE PENNSYLVANIA II. r. co.
For the past two days there has been
an astonishing activity in the stock OF
the Delaware Western Railroad, and the
large transactions in this hitherto unde-
sirable security has made its market
quotation "boom" up from $40 to $25
per share. This result, though gratify-
ing to tha holders, was surprise TO
most parties, for though they felt that
Delaware Western had long since reach
ed "hard pan," they were not prepared
for such sudden and unexpected ris'.
The reason for this state of affairs is
undoubtedly the intention of the Penn
sylvania Railroad Company 10 add the
Delaware Western TO its already man.
moth railroad enterprises and, make 1t
a feeder to its main line. In accordance
with this intention the Pennsylvania
Company set about purchasing Delaware
Western stock, with view of obtaining
a controlling share. The entire stock
comprises 5000 shares (par value 500
and anything over $500 shares will give
the pOssessOr q controlling interest.
Under the genial influence Of the pur-
chases made by the Penn. Company,
the stock rose to $25 per share, and for
awhile it was supposed that everything
was lovely for the giant Pennsylvania
corporation.
But soon another financial Richmond
appeared In the field in the person Of
Wilmington's eminent financier and rail
road maguate, Col. II. s. McComb. Col.
i g.. hoo 1rv hi
self, was not inclined to see the Penn
R. r. Co., gobble up the Delaware Wes-
tern without struggle, and so he pitch
ed into the fray, and by his agents begar
to buy largely Of the stock wherever II
could be obtained. His agents canvassed
the city, and by argument, persuasion
and, it is said, threats Of unloading and
giving the stock tumble, succeeded IL
buying shares at quite lively rate. The
comp tition created great interest, and
the agents of the Penn r. r. Company
lecane disgusted when they !, armed tht
success the Colonel was making in hi
fight for the controlling portion Of thu
sock.
Col. McComb's object in thus hghtin'
for the control Of the Delaware Western
can only be surmised. 1t may be iron
desire 10 get into the Pennsylvania
Railroad Company, or simply to effect
speculation by obtaining the controlling
portion of the STOCK, and holding 1t un
til he can make his own terms with th'
big corporation. This latter desire il
credited to him by his opponents, ant
they bitterly bewall the prospect Of it
success, claiming that it would delay To-
years the successful opening of the Del
aware Western to the river front, ant
thus prevent, for time, the Pennsylva
mia Company from making this city
terminus and shipping point large por
ton of their great western railroad ira
: fic.
The agent of the Pennsylvania Rail
road Company in the purchase OF Dels
, ware Western stock is Mr.. j. I. Head
Messrs. r. r. Robinson are handling tn
stock, but they say they do not know
which interest is represented by the par
ty they are buying for. During the pas
three days they have purchased 150
shares, the bulk of which are probabl.
for the Pennsylvania Company. Col
McComb buys mainly through the per
sonal solicitation of his agents, and s.
the contest goes on, with the most de
lightful uncertainty in regard to its prob
able result.