New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-05
RUMoRED SALE OF THE "FR1SCO"
THE ArcHIsoN SAID TO BE PURCHASER.

| THE ATCHISON SAID TO BE PURCHASER.
THE BARGAIN QUESTIONED BECAUSE THE STOCK
OF THE SAN FRANCISCO ROAD IS HELD AT TOO
| HIGH RATE. -
IBY TELEGRAPH TO The TRIBUNE
ST. Louis, Afey Al the Atchison, Topeka and
sante Fe Railway Company has absorbed tho St Louis
ard San Francisco Railway 1t has been done without
the knowledge Of tho San Francisco representatives
here The report created something of sensation,
but was not altogether surprise For several years
the Atchison people have been trying to secure con-
troll Of the San Francisco property in order to COM
| pete more thoroughly with the Missouri Pacific. Tho
Joint control of the Atlantic and Pacific by the Atch
son and Francisco has brought about friendly re-
| lations and amicable business Arrangements II the
bargain IS made IL will be matter of cOngratulation
for ST.. Louis. Since the completion OF the Chicago
division of the Atchison the whole Southwest has
been tributary to the city by the lake. but the absorp-
ton of the San Francisco will bring into this city tho
largest railroad system In the West and the most pow
/ erful rival of the Missouri Pacific About a year
ago a prominent official OF the San Francisco said
that Jay Gould wanted the road and that he would
ultimately purchase It, Vice President oDay, of the
san Francisco says 81 don't believe that the Achi-
son can absorb the Frisco The first preferred stock
of the Frisco worth ia 12 and the preferred stock
about 20 cents. What the Atchison offer for III
Not new stock for the San Francisco people are sat
is6cd with what they have. President Winslow, of
the San Francisco VIII be in tho city Tomorrow
prominent railroad official said " L hardly be-
Iieve that the Achison will absorb the Frisco al
though 1 understand that the Atchson people own
a great deal of stock in the Frisco and they have
increased their holdings, but believe the fact Is
that the Atchison has bought out the Frisco inter
est in the Atlantic and Pacific. The two interests
have been trying to sell out to each other for long
tines
puf1f had frO
Achison, Topeka and Santa Fe was about TO absorb
the ST. Louis and san Francisco and the atlantic
and Pacific Railroads denied on all sides yesier-
day. President Strong, of the Atchson. and Prcsi-
dent Winslow. Of the st. Louis and San Francisco,
are at tho West to attend the annual meetings but
the denials were not less prompt and authoritative
on that account Jesse Seligman, of the San Fran
cisco Company, said that the story was made out Oh
whole cloth. "There is no foundation for it, he
said. and the matter has never been contemplated
1t looks If such result would be clear case
Of the tail wagging the dog But we do not care 10
buy the Atchis9n or any other line at present We
are perfectly satisfied with the present condition and
prospects of our company"
Private dispatches received from Bost,a stated
that itchson officers denied the truth Of the rumors
1t was hlnted. however that some Of the directors
had been talking vaguely about possible alliances tor
a few days and that this fact was the only founddt3n
for the published story. The purpose could DO only
to affect the price Of the stock
ATTACKING NEW YORK AND NEW W-ENGLAND.
BEARS USE RUMOr That THE NEw-YoRK, PRoVl'
DEScE AND BOSTON HAS BEEN LEASED.
Rumors were circulated yesterday afternoon In wall
Street the effect that agreement had been reached
for the leasing of the York Providence and Boston
Railroad and its leased lines to the NcwYork New
Haven and Hartford. The Providence road a few days
ago secured lease Of the Providence and worcester
road which, of course, was included In the alleged
deal" Of the New Haven road The New-York Provi-
dence and Boson's direct line extends from Newton
don, Conn, TO Providence, and 1t has several small
branches In Rhode Island 1t also owns a controhng
interest in Providence and stoningon steamboat
line. The property would be valuable acquisition
to the New Railroad and at times there has been
talk Of an agreement of the two interests
So far as be learned here, however, the rumors
of the lease are at least premature. 5. ID. Bab
cock president Of the NewYork Providence and Boston
road Is In Washington and will not return until the end
! of next week. H. D. Babcock, of Kemeys & Babcock,
brokers' at No. 1S Wall-st in which firm S. d. Dab
cock is special partner, said yesterday that he knew
nothing of the truth of the rumors. He admitted that
he would be likely to have such knowledge II lease
had been effected "Such important Transaction
he added, would hardly be consummated in the ab
sence Of the president Of of the roads concerned
From another closely connected with Vice PreSl
dent George NJ Miller of the NewYork, Providence and
Boston, the statement received that there was no
truth in the stories afoat
The bears used the OF the lease to found upon
them an attack on New-York and New England
Friends Of that road said that in the event of such
lease no harm would be done to their property ~
has independent connection with New London ana
controls the steamer line from that port to
and ne lease would not interfere with Its Boston or
New-York and Hudson River connections. On tho
contrary such lease would hasten the process OF COM
bination going in the New England States and
New Haven and the New-fork and New-E England
systems. .
presson among railroad men and brokers is that the
New-York, New Haven and Hartford company has
practically completed negotiations t0f TaSRS aSwsSrdSs se
and E NJ Reed resident directors, say that the lease
has not leen effected
THE GRAND TRUNK CUTS DRESSED BEEF RATES.
The announcement by dispatches from Chicago that
the Grand Trunk Of Canada had made years contract
with prominent dressed beef shippers for carrying their
freight Boston for 45 cents per 100 pounds, against
65 cents by the other trunk lines caused surprise
in railway circles here The existence of the contract
was stated privately in dispatches from the West to
officers OF the trunk lines here week ago, but Com
missioner Fink denied that these statements cor
rect probably resting upon some technical denial from
the Grand Trunk people. The American roads, how
ever are satisfied that contract has been made, and
for the protection Of shippers who use their lines and
who cannot compete with the Grand Trunk shippers
at such difference In freight rates, they cannot sub
INIT TO the liberation of such contract meeting of
the trunk line presidents and the Central Traffic Asso-
citation will be held probably next week to take the
subject under discussion.
This contract has been extorted from the Grand
Trunk by combination Of Chicago shippers who have
refused for weeks TO ship dressed beef over the Grand
Trunk even at the diferentia rate allowed to 1t by
tho American roads BY paying higher rates Temporal
rly 70 the other roads the big dressed beef men havo
~ fruf