The daily morning journal and courier., 1898-08-11
,R4ILROA.D NOTES.
The Fiurry in Boston S Albany Stock The Rise in the Stock of the Consoli- dated


 dated.
 The big jump in the price of Boston and Albany railroad stock on Tuesday gave rise to and was accompanied by rumors that the New York Central rail- road, was about to absorb the Boston and Albany; other rumors credited the New York; New Haven and Hartford road with being about to perform the consolidation act in question. The Boston and Albany stock shot up from 222 where some of 1t sold last week. to 25O Quite stir was created over this development, but many old heads were disposed to think that Wall street spectators were accountable for the rumors. That there was no great deal on in the stock was evident from the fact that during all the effervescence in the Boston and Albany stock only seventy four shares changed hands The rumor as regards the Consolidated road was that that road had in process of nego- tiation a lease of the Boston and AL bany road with guaranty of 10 per cent dividends on the Boston and AL bany stock. Consolidated road stock | jumped up two or three points and seems at the present time headed for $200 share, figure which the stock reaches about once a year.
 Kimberly, Root & Day of this city, when eRquired of about the rumors, l said that it would be difficult for any N,, to r Al Boston and Albany stock as none of it is held in large blocks, the great bulk of it being held in small lots This firm made enquiries of the leading authori- | ties and officials, both here and in l Hartford, of the Consolidated road and | they unanimously said that no such l deal was known to them. With Presi- dent Clark also away in Europe it was thought unlikely that any such deal ] would be operated at this time. The same was said regarding another re- | port, viz: That the Consolidated road | was likely to acquire the road known as the Philadelphia, Reading and New England, little road with a great big name. The Philadelphia, Reading and New England runs from Hartford to | tilC Ou8 8llhCGpniC IoIltSG anu Ol HUI | New York state to Campbell Hall At | it's western end it makes direct connec- tion with the coal fields.
 President Bliss of the Boston and AL bany authorized complete and em- phatic denial of all the rumors of con- solidation There have been no nego- l tiations whatever" he said, between the directors of the Boston and Albany railroad and any other railroad. No- body has approached us on the subject, neither have we approached anyone, | either the directors as a body or any of them as individuals.
 80 far as I am aware" he said there is absolutely no foundation for the reports The New Haven may de- sire this road but if so, it has not ex- pressed the desire. It is not reasonable to believe that if they wanted it they would have waited until millions had i been expended on the tracks. They would have taken it before.
 The meeting of the Boston and All bany directors was the regular meeting, whereat the dividend was declared, and had nothing whatsoever to do with any lease or consolidation.
 The hints of a deal with the New York Central were vague, and were given little attention. The Albany, however, would be more valuable ac- quisition to the New York Central than to the New York, New Haven and Hartford.
 Boston and Albany stock fell back to 237 yesterday afternoon,
 A New York press dispatch last even- ing said: "A rumor arose to-day that the New York Central and Hudson River Railroad company and the Bos- ton and Albany company have been consolidated. President Clauneey M. Depew of the executive committee of the Vanderbilt roads. is not in the city, His secretary, H. C. Duval, said that he had had a number of inquiries dur ing the day regarding the ruEor. He said he knew nothing about 1t and he presumed that the rumor rose through yesterdays rise in Boston and Albany stock"
 Yesterdays Boston Advertiser says; ''The annual report of the Boston and 1 Albany shows an increase of $127, ,000 in