The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-21
WILL HE VOTE The STOCK?
A Report That CO-ReCeiVer Hayes Will
Control the Terminal Holdings.

In Case the Court of Appeals Decides
the Matter, It Is Said, He Will Be
Given His Discretion as to What
Directors Should BE Elected in Jam
uary-The Next Quarterly Report Of
the Receiver Will Make a Good
! Showing A REORGANIZATION Plan
May Be Announced After tho Elec-
ton.
It was rumored on the street yesterday
that Co-receiver Hayes, Of the Central
first Monday in January and vote the AZ
900 shares of Central stock held by the
Richmond Terminal Company.
1t is also being talked that shortly after
this election plan of reorganization for
the system will be announced, and that
this plan is now in the process of forms-
ton. just who the parties are that are
principally interested in the matter in
New York is not known, but Drexel,
Morgan s. Co. have been buying Central
stock, and it is supposed that they will
cut some figure.
The court of appeals has not decided as
W bLAC NOblAAE VI tub 1ELllludA . uO4ulukS,
but an early decision is being looked for
and the question of what figure it will
cut is becoming quite interesting.
WHAT WILL THE co-REoEIvER DOT
The question is, if Co-Receiver Hayes is
given the proxy to vote the Terminals
holding what turn will the election takel
II is perfectly natural so far as the
matter is concerned that the proxy should
be put into his hands, for he is the repre-
sentative so considered Of all the New
York interests i'll the Central system.
While he is not, as has been stated, the
representative of any particular interest,
the Terminal company is one Of the New
York interests, and there would be 9TH
ing unusual in his being given the proxy
to vote their stock.
OThe rumor goes further, however, and
says that he will be given his own dis
erection as to how the vote should be
cast. If this is the case the election would
be quite interesting and might, to some
extent, be indicative of hisspolicy. With
the talk about the matter nothing has
been said as to what he would do, and it
cannot be surmised as yet whether he
would favor the entire old board, or make
some additions. OF course, however, the
voting of the stock by anyone depends
upon the action Of the court of appeals.
WILL MAKE A GOOD SHOWING.
The evidences that reorganization is
being extensively discussed seem to be
unmistakable. The probability is, how
ever, that those interested will wait I'M
til after the election before anything
whatever is said about it.
So far as reorganization is concerned,
the earnings of the system for the last
three months, October. November and
December, will show up well. In speak
ing of the matter Receiver Conner said
vac faaa dow hot fn,.l~v -
would show good results for the
last three months, perhaps beyond
all question the best results that
have been shown by the system at
any time during the entire year The
business of the last three months has
been as heavy as that of any period of
the year, and the good condition in which
the property has been kept has made
only small amount of repairs necessary.
This report will be out about Jan. 20 or
%, and perhaps good deal will depend
on the showing the property makes for
| these three months.
MOVEMENT OF SECURITIES.
The demand for Central stock is not
nearly so active as some people seem to
think. There was no truth whatever in
| the statement that q Savannah broker
| had received an order for 10000 shares
and he could not have secured them here
| If he had wanted them. This was the
statement of the broker who was sup
posed to have received the order. Some,
| however, are buying Central stock, it is
| supposed, on the idea of lowering the
margin so that they can come out even.
| 1t is said that the same people who
were buying Southwestern stock last
summer at IS are buying it now at IS and
| 40, so as to be able to take any advantage
of turn in the market and make up for
| the loss on their first purchases. About
| the only securities which are really
| Montgomery and Eufaula bonds. None
| Of the other purchasable securities will
| bring anywhere near par.