Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1886-10-09
NO"O ~ '05'~Ph
FROM ALL QUARTERS.
THE new ENCLANDROADS
Fail To Bring About A
Consolidation.
A Big STRIKE IN CHICAGO.
Thousands Of Pork Packers
Go Out.
HUME TO RETURN IN APRIL. |
Nothing Yet Heard OF The
AnchOria.
THAT NEW ENGLAND MERGER.

THAT NEW ENGLAND MERGER.
A Meeting of The New England Road
Presidents - The Canadian Pacific
Believed To Have A Hand In The
Matter-President WatrOas Opposed
To Consolidation and the scheme De-
feated.
NEW YORK, Oct. S.--New York and New
England matters still hold more prominent
place in Wall street talk than perhaps any
thing else in the market. There was meet
ing of the presidents of the New England
roads at the Grand Central depot at noon.
Whether or not anything was accomplis he'd
is a different matter. President Watrous of
the New Haven road arrived at 11:45. Presi-
dents Bliss and w. G. Hunt were also on
hand The meeting was very private and
all efforts to secure information proved I'M
availing. President Watrous said before
going in that the meeting would last several
hours. He is not in favor of guaranteeing
four per cent. on New England, simply be-
cause the road has not shown ability to earn
ton is awaiting the result of the meeting with
a good deal of interest, but it is not believed
that anything immediate will be accomplish
ed. In Wall street the present conference
is looked upon as preliminary. The meeting
had an effect on the price of the stock on
the street. It opened at 60A and went up
on sales to 60 1-2 at noon. The belief that
the Canadian Pacific has some hand in the
New England consolidation is gaining
ground Both President Stevens and Vice
President Horne of the Canadian Pacific
reached the Windsor Hotel last night,
but whether or not they were
present at the Grand Central meeting to-day
could not be learned. Beside these officials
two Canadian Pacific directors are at the
same hotel 1t is certain the Canadian Pa
cific people are DESTROYS to get connections
into the States and to secure American bust
ness. The meeting adjourned at 2:30 Those
present would not say whether or not any
thing had been done.
President George H. Watrous of the New
York road was seen this morning before at
tending the meeting. He said in regard to
the meeting: 81 understood that there were
to be at the meeting only few directors,
representing the Boston and Albany
and New York and New England
but last evening was otherwise informed,
SO guess that nearly all the roads in the
State will be represented. l do not know
what matter will be brought up by the Bos-
ton & Albany and New England. Fit is the
consolidation of the roads, shall oppose it
as strenuously as know how. heresuit OF
the consolidation would place New England
stock above par and it would come out
of the New Haven road. But ]
think no such plan will be brought
up, but it may be that the
Boston & Albany and New England will
want to consolidate. I shall favor such q
consolidation. am not sure whether our
roads stockholders favor the consolidation
of the three roads. It has been rumored SO,
but have conversed with some of them and
I find they nearly all take my view of the
matter. Our stock is very strong. 1t now
is worth 2101s and big drop would occur
If the rumored consolidation took place. The
whole matter will. hope, be amieably set
tied"
1t was learned tonight that at the meeting
President CLARK of the New York and New
England road submitted plan for practical
consolidation of the various interests. 1t was
discussed for two hours and a half. Presi
dent Stevens and Vice President Horne OF
the Canadian Pacific were present and ap'
proved the plan. President Watrous of the
New Haven road vigorously opposed the
scheme and was seconded by President Bliss
of the Boston and Albany. This opposition
had the effect of defeating any final action on
the proposition.