Morning journal and courier., 1893-01-27
RUMORS FLYING THICK

AOOuS No" Sc0Ao s~AA~A <AAAA- |
ances by the Consolidated Road
What Vice President futile said
Last Night on the Subject.
A rumor was prevalent last evening
about town, that the New York, New
Haven and Hartford Railroad company |
have secured control of the Old Colony |
railroad; another rumor was to the effect |
that the Consolidated had secured coveted |
entrance into Boston; another was that the
Consolidated had entered into an alliance
with the Delaware and Hudson road; an
other that the Consolidated had really got
the New York and Northern. The presi-
dents car and the directors car rolled into
the depot at sos last evening with the.S:O5
train, bringing a number of the Consoli-
o@.s. roads directors, returning from
Boston.
Vice President futile of the Consolidated
road, when inquired of late last night
regarding the Sc various rumors, said there
was no truth in the rumor about the Old
Colony, nor in the other rumors above
enumerated.
RAILROAD RUMoRs FROM NEW YORK.
A New York paper of last evening,
says:
Delaware and Hudson stock advanced on
buying by traders and insiders. Some re-
ports were current of deals by which the
control was to be assumed by the New Ha,
ven road, but the buyers said their pur-
chases were based on the expectation that
an extra dividend of 2 per cent will be de-
clsred in May. The anticipation of the
publication Of the annual report soon also
had some effect. 1t Is rumored this state
| ment will show 16 per cent. earned on the
stock during the past year.
A New York dispatch of last night says
on the subject: The statement Is abroad In
Wall street to day to the effect that the
New Haven company Is to get into close
| alliance with the Delaware and Hudson
company "a very important move, If true.
Through the proposed alliance with the
Delaware and Hudson, the New Haven will
| gain a material increase in its freight traf-
fo through making the Delaware and
Hudson a direct feeder to the Consolidated
| system. More than this, it sets off the al.
lance between the Reading aud New Eng
land in 30 far as the Reading, which is now
the only company able to deliver coal di.
rectly to New England points, will have tc
meet the competition of the Delaware and
hudson. which will be able to 90 in and
compete for the New England marker on 6
basis quite as satisfactory as the Reading
is able to give through its New York and
New England connection.
1t is not impossible that the New York
and New Haven may build spur of road
connecting the Housatonio directly with
the Delaware and Hudson, though it al
ready has friendly connection through
the intermediary of Boston and Albany
spur. There ia much of Importance ant
influence upon future moves in the New
England railroad world in this new deal.
Another New York dispatch last evening
sage: sit is declared on excellent authorit,
that the control of the New York ant
Northern rests with Mr. Morgan and tina
there is an understanding that it will b
transferred to the New York, New Revel
and Hartford, or to the New Haven an,
the New York Central roads jointly. Tn
advantage of control of the Northern roat
by the New Haven is obvious, in that
puts another block In the way of the plan
of Charles Parsons to carry the New Yorl
and New England road into New YorI
city. The Northern road would also ssrv
as an excellent cooperating line for tn
Harlem road, which is leased to the Ne,
York Central, and which runs about paral
lei to the Northern. The mutual interest
of the Central and the New Haven are sue
as to make it highly probable that prsc
tical arrangement could be formed b
which these two companies could joint
own the New York and Northern.
Mr.. Morgan's influence in the Centrs
and the New Haven boards is potent.
= his counsels did not prevail, 1t is poasibl
that his relations to the purchase of til
Northern may be such that he could re
, store the control to the original party
In euoh a Gaze, the attractiveneh
, of the Northern road to the Ne
York and New England or Reat
ing managers might be decidedly Ell
/: HANGED. It is not considered possible
however, that the New England capitalize
will have an opportunity to secure tt
. New York and Northern. Well-informe
people in Wall street say that the Nortl
ern road is practically in the hands of Il
New Haven and Vanderbilt interests, an
: that it will only be a question Of sho
q time before the transfer will formally
announced.