The morning call., 1890-06-06
A Big DEAL.
RumOE Of Another Important Purchase by
the AtChiSon Road.

BOSTON, June 5.-Railroad circles here are
excited over rumors of another gigantic con-
solidation, which puts the ST. Louis and San
Francisco deal in the shade. Again IL Is the At
Gibson, and this lime 1t is believed that BOstoD's
two gleat investments-the Atchison and Mexi-
can Cenlral-are the principals. Director Ma
goun OF the latter originated speculation on the
subject by saying that his road would shortly
follow up the policy shown in the st. Louis pur-
chase BY another and still more important deal.
Yesterday at the closing hours the street was
startled by the story Of the Mexican amalgama-
tion. The excitement was added TO by the
knowledge that President Levi C. Wade Of the
Central was elected as a Director Of the Atchi-
son. The attention paid Mexican Central
securities yesterday and to-day has been ex-
planned on various bases, but the AtchisOn
deal is the only one accepted. The fl
nancial articles III the papers all speak
seriously of the deal, and point out how easy
it would be to bring the TWO great Boston
properties together. The Mexican fives retired,
then there would be the Atchlson fours against
the Mexican fours, Atchson incomes against
Mexican incomes, and stock against stock. 1t Is
openly acknowledged that the Atchison has made
traffic arrangements with the pennsylvania for
an Atlantic outlet. Boston Is carried away at
the glorious immensity of its pet railroad stretch
Ing from Chicago to the City OF Mexico and Cali
fOrDa 10 New York.
way is reticent about the financial reports OF
his recent visit TO President DiaZ, but paper
says that arrangements have been effected
which, In general, provides for the sale 10 the
Government of the company's entire subsidy Tor
about So 2,000.0U0 cash. in gold.
TACOMA June Sit has just traDspfred that
recent negotiations for the purchase OF the Seat
Tie. Lake Shore and Eastern Railroad have been
in the interest OF Jay Gould aud other New
YOrkers. J. b. Pace, the wealthy Virginia to-
baccO planter and large holder Of the stock,
has been the prime mover In the matter, and II is
now stated. has secured controlling interest IN
the road. IL Is also asserted that the road VIII
be at ouce extended eastward to Spokane Falls
and connect with tile transcontlnental road, and
north TO connect with the Canadian Pacific.
CHICAGO June 5.-StOckholderS OF the chi
cago ana Northwestern Railroad and affiliated
lines held a meeting to-day. The old officers
and Directors were reelected aud The usual dlvi.
deuds declared. Tie financial statements for
the yeagendiug May 31st. shows net earnings OF
S4 072 900, against S4, ,125, 900 for the previous
year. aud surplus OF S627, 900, against S622,-
600 for the year before.
The case against the officials OF the Michigan
Central road for violation OF the Interstate
Commerce law comes up for trial next week
The case assumes gigantic proportions. An old
Michigan Central official says II 100000 would
clear them they would pay; II not, they Will tight
the c0nstltuti0nality OF tile law TO the highest
courts.
and Means of the City Council have voted to re-
port fav0rably the ordnance authorizing the
sale OF the clty's holding OF Baltimore aud QUO
stock at not less than par.
CHEYENNE, June 5.-As a result OF the visit
here to-day OF President Adams aud party,
rum0rS Of Union Pacific changes are afoat. Fol-
lowing is the schedule: Ed Dickinson becomes
manager of the Pacific division at Portland. c.
f. Ressiguie takes Dickenson's place and MIR.
Barr Is 10 be sent to Salt Lake.