The sun., 1892-02-12

0rQS. delaware ana HUDSON. which had been
negiected throughout. while the other coal
stocks were advancing. received unusual at
eention at q net advance OF 5k per cent 1t
: suddenly occurred to the street that the New
! YORK and New England Railroad might be in
eluded In the deal because OF tho connection
!. recently established between It and The Read
Ing Company through the control by the last
: nsmod OF the Poughkoepsio bridge and its ap-
breaches.
In consequence. there was a rush to buy
New England stock that carried the price up
bali . dozen points in as many minutes. Tho
advance appeared to bring out good deal Of
stoak. and there was, therefore. a sharp reac-
don IN It. Tho dealings in it were nearly
s1unl to the entire capital stock. while those In
Reading were equal to about three quarters Of
the capital Within the last two days consid-
erably more than the capital stock OF the COM
pany has been traded in. The principal con-
tributlons to the enormous total sales other
thun the stocks mentioned were made by Erie
aud New York. Ontario and Western.
The dealings In Erie exceeded $4,000
81 the street to- handle the n1 tusinasss sHa,,ss
SSsa .SY milton and hali = Shares must q
1 hsaee : ys I'LL ass and Ssnsa @,
sed s s q G
q .Da sh i ;h snd
oSs 81 she E.eksssnn. ts TIC big coal i deal. @
ths p. spd y di!eetory A At the ' annual an aus
ME HSs,stne On Fsp e and NJ sloan TIll prob
The taekawanna is thoroughly in sym
pathy with the combination. While we have
n n "a n SHit tha Iip1
and - shail, rot be . competitive factor IN the
Asa competitive element tho Lackawsnna is
snd 1s viii act Wiz e Gesss xss
ESnaS some such concerted action was nbso-
Du soed n not s tass s se se
price o. coal. but 70 regulate production and to
frsslasnss' SG,Sssii Ma.wsli o, the Jersey Central
people have tHen BUYERS Of Lack
s;ssi sssS ss knsEs II some tire
xsnsrsl good q the coal trade. % Mr Sloan m an ne
s SnS has Ssse
). lons. We know Of no efforts or desire on the
nspssemsnt Of tho iarkawannn sG"a c"mpany M we
q TT: Sloan denied that snny ono had Issued
On Sn the ths LaSkawanna stock hold by the
Vice President Frank Thomson is quoted as
saying: The Pennsylvania Railroad Is not
concerned either for or against the proposed
SSmbineton Of railroad and coal companies.
: 0y tho same railroads ns heretofore. and those
will bear. the same relations to tho Pennsyl-
yeniA mo situation, SO far az the Pennsyl-
xsntS 70 Interested VIII remain practically the
. -tfons. are anticipated which are iiksiy to ia-
. eaaad attention from the PennsyIvunia man
According to reports from Philadelp phia. coal
prtces will be advanced 25 cents u ton ut tho
nsxt meeting Of tho sales agents, The inten:
and the Western trade, where great competition
exists: but Phl hlladelphia and New York city
prices. VIII not be diSturbed.
President Archibald A; Mcleod OF the Phila-
fnetrumsntal In engineering the dsal. has
when Austin Ccrbin was placed ut the head Of
tnG Toa1. Mr. Corbin know Of Mr.. Mcleod's
: ability asn practical railroad man. and no ap-
bad good deal to do with Mr. Mel Leol 5 ad-
vancenent from tho first. When Mr.. Corbin
fesigned. In juno. 1880. as President OF the
t tHsa9aing anng the H general manager was chosen W
!, President Mcleod introduced numerous i'm.
2sovemSnts In the management OF the com
SAny. ana II was not long before he set to work
: q echeMe Tor doing away with tho useless
shd t1 expensive zen com petition OF the coal roads.
yo % necessary was u consolidation OF inter-
Ssss o. concentration OF control under one
XE Nsfsod is Of Scotch descent He is IS
thS country who holds an ofiice Of such " re-, :"
eponsibility. He went into the railroad busi-
.-0oeg - soon as he left school. starting as a
eeadman on the Northern Pacific.