Savannah morning news. [volume] (Savannah) 1868-1887, 1886-10-18
SOLD WITH A PROXY.
THE MAY CENTRAL STOCK IS
BEING; BOUGHp.

The Rumor thst Outside Parties are
Trying TO Get Control of the Road Re-
vived-One Thousand Five II undred
Shares Gone North in the Past
Two Weeks-What the Brokers say
About 1t.
A good many people believe that there
Is going to be lively night for the control
of the Central railroad at the stockhold-
ers' meeting in January. The talked OF
scoop" by the Louisville and Nashville
aud by two or three other big corpora
tiOns has about died out and the January
election is now looked forward TO as likely
TO furnish a sensation.
One OF the latest rumors is the consoli-
dation OF the Louisville and Nashville, the
Western ana Atlantic and the Contra!
railroad system under one management.
A Louisville and Nashville director said
q few days ago that the Tumor, 50 FAR SIS
the Louisville and Nashville people ncgo-
tiating any such consolidation. is wholly
without foundation. The Louisville and
Nashville, he said, has never had any
Thought Of controlling the Central.
1t has also been rumOred that the East
Tennessee, Virginia and Georgia is work
ing to get hold OF the road, and that the
Richmond and DAnville wants H. II is
believed by a good many people
that the bulk of Central stock that has
gone North has been bought up by agents
OF one or the other Ot these two corpora
tiOns. A gentleman who was recently in
New York and who devoted some time to
looking up the matter says that,
20 far as he could learn,
there is no effort being made by
outside parties to get control Of the road.
The buving up OF the stock, he says, is
altogether for speculation.
The voting list has already been
made up, and the compsny's books
show that comparatively small
amount of stock has been trans
ferred. The list was made I'D Oct
4. No stock that is transferred after that
date can be voted at the January election.
There has been considerable activity in
the market during the past week or
two, and something like 800 shares have
changed hands here since Oct. 4. Most
OF this has gone North, and nearly every
purchase has been with voting privilege.
The stock with voting privilege sells
reader than that wnicn has been trans
ferred, and in some instances It has sold
three or four points above transferred
stock.
There Is considerable talk in Augusta
about deal going on. IL is stated that
800 shares have been sold there in the past
week, and several Augusta brokers are
said TO be- in some way connected with the
rumored deal. In reply 10 an inquiry as
20 who is buying the stock there, a lead
ing Augusta broker said on Saturday:
''The question as to VINO Is buying the
stock is one that is clothed IN great doubt,
but the fact that over a thousand shares
have gone to New York in the past few
days means something. Every system OF
railroad from the East or WesU would
like to obtain the Central, and the great
systems OF the East are looking to the
South for business, and any one who
thinks that the control Of the Central sys-
tenn is not going to be fought for at the
coming election will be badly mistaken.
There Is great deal going on in railroad
circles, and it is safe to assert that a
lively time may be looked forward to-"
The brokers here do not intimate that
there is any deal in prospect. The stock
IS firm at 9512. Inquiry within the past
day or two among those who are supposed
to be in position TO know what is going
on, fails TO develop anything that points
TO a probable change in the management
of the rOad