Morning journal and courier., 1893-02-08
OLD COLONY ROAD.

Reported from Boston That 1t is Now
 owned by the Consolidated Rail.
 road-The Report Credited Exten-
 sively-New Haven Officials Not
 Ready to Speak on the Subj ject-They
 Do Not Deny the Report Nor Confirm
 It-The old Colony Has 800 Miles of
 Road with Its Branches-Its Steam
 boat Lines.
 Reports are rife that the New York, New Haven and Hartford Railroad oom- pany has acquired possession of the Old Colony railroad and all the indications point that way. The air has been full of rumors on the subject for two weeks past as the abundant and lengthy dispatches on the subject during that time have amply disclosed. The Consolidated railroad authorities have been reticent in the case, waiting no doubt for conclusions to be reached one way or the other. President Clark and Vice President Futile and other directors of tho road have had much busi- ness at the Hub of late of an important character. President Clark has been away in Boston and vicinity much of the time for the last few weeks, and was there all day yesterday.
 The big rise in the price of Old Colony
 stock has been very significant and, in
 fact, indicative of great internal commo-
 tion at Boston within the precincts of the Old Colony's administrative board. The New York stock market has felt the pulsa- tions of the movement and New York and New England stock and Consolidated road stock have been among the leading features l. .e IL xI 0f tary interests The talk Of a war of rates between these two roads or systems of roads, and the big war talk about these two large corporations and their reported struggles for the mas- tery seemed to indicate far more than the usual Wall street stock rumors, which are commonly circulated to influence the mar ket temporarily either for the benefit of those long of the market or the "shorts :" And now come the following dispatches, the latter of which is neither denied nor
 actually confirmed by the Consolidated road authorities.
 UP THE STOCK GOES. BOSTON, Feb. 7-The Boston News
 bureau gives out the following to day re, garding the offers of the Consolidated road to the Old Colony:
 It is understood that the New Haven
 people first offered to buy the Providence division, and for this offered the Old Colony Rsilroad company bonus of | 2,000, 900 for It's lease. While this was a
 bonus of $50 share for the Providence
 road, it was less than $15 per share for the Old Colony stock. It had the effect only
 of marking up the value of Old Colony etock and stimulating o ther people to bid for the whole property.
 Then the New Haven people, 1t is un- l trol of the Old Colony stock, which was
 really more than the New Haven could afford to pay, but less than it is worth l to interests now represented in New England which are far larger than the New Haven. The result, of course, was that Old Colony went above 22O in the market"
 OLD COLONY PURCHASED BY THE NEW YORK, NEW HAVEN AND HARTFORD. BOSTON, Feb. 7.-The Boston News | bureau says: "We can announce that the
 Old Colony railroad has been purchased l by the New York, New Haven and Hart
 ford, subject to ratification by vote of the
 stockholders.
 The purchase contemplates an exchange 1 of nine shares of New York, New Haven
 and Hartford for ten shares of Old Colony. | The Consolidated will bs given 'ex
 rights" and with the present price of 25e
 and rights at 27, figures about 296 per share
 for Old Colony.
 We understand that no offer has yet
 been submitted from either the Boston and
 Maine or Reading interests.