New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-24

| II will be seen that after deducting the
amounts spent on improvements the road mas
averaged 10 3s per cent annually on It's capital
| stock In 1883 and 1884 the dividend paid was
| s per cent. Since 1885 it has been ! per cent,
| the balance having been carried to the surplus
| account
There was report on the Stock Exchange
yesterday after the transfer of Lackawanna
stock to Mr. Vanderbilt that he was also in
teresting himself in effort TO put Reading
on It's feet again. and thus once more get the
coal combination" into complete working orders
The report lacked confirmation and was dissreaH
tied by many well-informed men. II Is certain
however. that some one with strong BACKING
was buying the stock. and the price rose stead
lily from 17s. at the opening 10 2@s at the
close on transactions OF 90. 44O shares
INTENTIONS OF THE PURCHASERS.
Samuel Barton a member of the firm Of
J. w. Davis e. Co., was seen late In the after
noon at the uptown Office of the firm. Forty
third-st. and Madison-ave., by Tribune re-
porter Asked about the Lackawanna transact
ton, he said:
"Of course, ordinarily broker cannot talk
about the business Of his customers, but nows
as the stock has been transferred on the
books OF the company and the whole thing
Is matter Of record. / can see no harm In
answering your question. Yes. William hs
Vanderbilt has bought 10000 shares OF Dela'
ware Lackawanna and Western
Did he buy them merely as an investmene
or to get control of the road?'
Wei. he bought the stock as an invest
ment because he considered it worth what he
paid for il permanent holding AL the
same time. there were other considerations.
Mr. Vanderbilt owns good deal OF STOCK III
the Lake Shore and Nickel Plate roads. whicn
connect with the Lackawanna. On this &C"
count it was naturally important to him TO be
represented in Lackawanna. Another reason
for the purchase was that it has an important
bearing on the trunk line interests OF the
Messrs. Vanderbilt. Lackawanna has at times
been a disturbing element in the trunk line
ha a
voice in its management. there will be better
outlook for all the trunk lines"
Have the 10000 shares been bought very
recently" asked.
well, the purchases began perhaps two or
three months ago. The stock was bought ac
various times and in varying amounts. can't
do the Messrs. Vanderbilt own any Lacka-
wanna stock besides these 10000 shares?
blocks of the stock from time to time In the
last half a dozen years as an investment.
Whether they hold any OF this now DO not
know"
INTERESTS THAT WORK TOGETHER.
How about the report that New-Jersey
Central interests were acquiring control OF
Lackawannaw
The New-Jersey Central people do own con-
siderable amount of the stock Some ol IL was
bought two or three years ago, some more re-
GENTLY I suppose The New-Jersey Centrars In.
coal business I.ackawanna has occupied po"
stion i'm the anthracite coal field similar to that
il occupied among the trunk lines. The New'
Jersey Central was DESTROYS of soidifying the
coal interests" a.
''Will the New-Jerscy Central people and Mr'
Vanderbilt then work together
.'Ther interests are in the same direction
although relating to different parts OF Lacka'
wanna's business. ~
Are they now in control of the road?'
1T amounts to that You soc. Lackawanna
Is capitalized at 500 00o in shares OF $50 eacn
That makes 524. 900 shares in ali. or this. aboue
200. 900 are held in small lots of less han l,oov
shares So you see. the New-Jersey Centru
ard Vanderbilt interests together could con-
troll II they wanted TO do So -
"Will there be any change In the nanagemene
OF the Lackawanna road?
There Is a large interest in the company
which Is now not represented on the board. TINS
will naturally expect TO name some or the oil.
rectors There may be changes In the running
of the company. but 40 not think that te're
is any idea of retiring Mr.. Sloan. II is rec
ognized that he has managed the affairs OF the
road most successfully"
Mr. Barton expressed the BELIEF that the puI.
chase by Mr.. Vanderbilt and the harmonious
understanding between him and III" New-Jersey
Central people would have an important IN:
nucnce for good with all the trunk lines anq
coal roads. They would be In Il stronger pos1s
ton than before, and the attention OF investors
would be attracted TO them.