Savannah morning news. [volume] (Savannah) 1868-1887, 1886-11-14
BIG BIDS FOR CENTRAL.
RUMORS OF A llNEI.X FIGHT
FOR THE ESIDENCX.


Gen, Alexander Believed to be Capdi-
dste-Gossip About "the Fight to Con-
trol"-Activity In The stock 1t Jumps
from 1O1 TO 1O6-Soms of the Causes
of the Advauce-Mrs. Gveene's stock
offered In savannah.
Central stock went up to l06 yesterday,
and few shares were sold at lu6l3, an
advance OF five points from where 1t
started on Monday. About 900 shares
changed hands last week, nearly all Of
which went TO Augusta.
TIE unusual activity and the cCnsidera-
ole advance in price were accompa-
MED by all sorts of rum0rs as to projected
deals, change oil management. purchasing
for control, etc, which many regard as
simply inventions of the operators, in
whose interest the prices are being ma
nipulated. Others are inclined TO
think there is some foundation for
the TumOrs, so persistent has been the
buying, drst in one direction and then in
another. The stock ID so closely held that
a very large advance can easily be OBJ
Sained for large blocks.
1t is pretty we'll understood that Gen,
Alexander will make another fight tor
the Presidency OF the road at the election
In January. and that the stock is being
bought up LARGELY by mis- friends. Gen.
Alexandar's candidacy, it is stated,
has been openly announced IN
Augusta, and MS friends there claim to
control the Green STOCK. Some OF Gen.
Alexsnder's friends here say. however,
that be will not be a candidate.
A gentleman WHO'S In position TO
know something OF the situation says that
yDhila IL ie not O0sSi la tIpt may
be the case. yet he does not th ink that the
Richmond and Danyille or any other cor
p0ration has been buying up the stock
''for CONTROL" but that the advance
is due to speculative influences.
The statement is made and is
based upon careful investigation
that altogether not over 10000 shares OF
Central stock, outside of that owned by
Mrs. Green, are held ia New York. A
prominent broker here said yesterday that
he was offered the Greene stock, with
voting power reserved, on Friday, but al
price at which it was impossible TO
handle it.
There was very little stir in the market
Yesterday. and less than one hundred
saares changed hands, although there
was a big demand. A week ago tue
stock, with voting privilege, sold
from two TO four points above
is no difference IN the price. This tact
upsets some theories rs to toe cause Of
lie advance. and is looked upon as Il
pretty sure indication that the Doom Is
the result of speculative buying. There
are a good many. though, who are conf
dent that other influences are at work.
and that tight for cOntrOl'' is going on,
the result of which will be known only
when the ballots are counted In January.
1n boz
stock is going is that the Kansas City
system, with which the Central is TO con
meet at Birmingham. has been buying
heavily. and sOOncrOr later will e ntrOl the
road. This is rumOr OF course given tor
what it is worth. The combination wnich
controls this system has money without
limit aud, besides certain Boston capital
lists, comprises such we'll known bonanza
holders as PhIl Armour, tie great man
of Chicago. and Mrs. Hettie Green.
1t is also sad hat Gen. Alexander Is
really the man selected by this syndicate
for the Presidency, and that his popu
larity ana the money behind HIM Will
have full weight IN the election. The
Central Is now building from GOOGwater,
its Alabama terminus, to Birmingham,
where 1t Will connect with the lines now
being constructed by the Kansas City
system from Birmingham to Memphis.
At Memphis the line is solid to Kansas
City, and the whole Is controlled by the
strongest syndicate in the country. The
rumOr that the Kansas City people are
after the Central is believed by no one
here, and is looked upon as one OF the
many wild rumors that have in some way
or other got afoat. There is no dbubt IN
the minds OF those who are in a position
10 know what they are talking about,
that President Ra0ul W ii be reelected.