The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-07-17
NORTHEASTERN
PENNSYLVANIA
TO CHANGE OWNERS q?
Reported That the Delaware and
Hudson People Are After the New
York, susquehanna and Western
railway.

1Ork, Susquehannu ana western
Railway.
wilkes-Barre, July 16.-The Times
says: There has been considerable ac-
lively during the past week in the Sc
curties of the New York, Susquehanna
and Western Railroad company. The
preferred stock has risen in price in the
stock exchange from $29 to $3.50
share, dropping off yesterday and to-
day to $3.50 per share. AS is always
the case when there is a sudden rise
or unusual activity in any listed stock
there are many rumors to account for
the change. AS an explanation j. G.
Calhoun and +. II. Prince, of Boston,are
said to have arranged with English
capitalists for the investment of
considerable sum in the Susquehanna
and Western railroad, the plans being
said to include an extension of the
road to a connection with the Beech
Creek.
In this connection w. p. Ryman,
president of the Wilkes Barre and
Eastern railroad, which is operated by
the New York. Susquehanna and
Western Railroad company, was seen
by Times reporter this morning and
asked regarding the rumor that the
Wilkes-B Barre and Eastern line is to be
extended to Williamsport. Mr.. Ryman
said: 1T is simply rumor. There is
a strong probability that such an eX-
tension will be made some time but
there is nothing imminent about it,"
How did the rumor revive at this
time?" was asked.
Everybody, replied Mr.. Ryman,
'has been trying to explain the general
advance in stocks and somebody put
this report abroad as an explanation
of the rise in our railroad stock"
Mr.. Ryman further said that the
plan to extend the line to Williams
port is at present as remote as it was
several years ago He said it takes
much time to determine on such big
enterprise.
Another report has it that the Della
ware and Hudson people are after this
road. This is an old rumor and was
current about three years ago when the
Wilkes Barre and Eastern railroad
was first opened.
In support of this theory the Scran-
ton Tribune this morning says Sec
ond Vice-President II. G.. Young, of the
Delaware and Hudson Canal company;
r. S. Hayes, of New York, one of the
directors; c. r. Manville, superintend-
ent of the railroad department, and c.
S. Weston. general agent of the real
estate department, held a consultation
in the Hotel Jermyn last night Messrs.
Young and Hayes came from Albany in
a special car at $50 o'clock p. m. They
We're met at Carbondale by Mr.. Man
vile and in this city by Mr.. Weston.
All four proceeded to the Jermyn forth
with and were closeted together for
several hours"
This morning all of these gentlemen
were at Mill Creek in their private car
and We're going over the line of the
Wilkes Barre and Eastern railroad
There has been a very close traffic al
lance between the Delaware and Hud-
son and Susquehanna and Western
roads for number of years. A busi-
ness man of this city who is we'll posted
In railroad and coal circles, in speaking
of probable closer relationship be-
tween these two coal roads, told a
Times man this morning that the Della
ware and Hudson coal, at the present
rate of mining, would not last longer
than ten or fifteen years and that be-
fore that time expired it would have to
look for additional traffic elsewhere,
iiN blliollNC Win llt INtW OTk, SuS-
quehanna and Western would be but
natural and good business policy, as it
would give the Delaware and Hudson
an entrance to New York harbor and
the construction of the Wilkes Barre
and Western, for which several sur
Veys have already been made, would
bring considerable soft coal traffic and
by possible railroad connection in the
western part of the state, form a link
in the shortest and best route from
r., Chicago to New York.
%Depend upon it," said he, "the
Wilkes Barre and Eastern will sooner
or9ater be extended west and the Della
ware and Hudson will long before that
contEol the Susquehanna and Western" I"
ltpfay be mentioned in this connec-
tion that the next annual meeting of
the New'York, Susquehanna and West
ern willStake place the first Thursday
in September.