Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-30

hf ANA NEW 1OIlIA
CENTRAL NOT BELIEVED TO
BE INTERESTED IN THE
TRANSACTION.
NEW YORK, November Eek
traordinary accomplishments have been
completed in eastern trunk line rail-
way affairs, according to the Times.
Changes are brought about in three
important railway systems.
The Pennsylvania Company acquires
control of the B. & o.
w. K. Vanderbilt, in the interest Of
the New York Central, takes over con-
trolling holdings of J. P. Morgan in
the Cleveland, Cincinnati, Chicago and
St. Louis and the Chesapeake and
Ohio.
ed together The executive heads of
the Pennsylvania and New York Cen
trail have worked together.
1t is improbable that either the one
great system acquired by the Pennsyl-
vania, or the two important properties
acquired by New York Central inter-
ests will be forthwith attached in open
corporation mergers.
PHILADELPHIA. Pa, November 20.
Officials of the Pennsylvania railroad
to-day decline to say anything regard
ing the statement printed this morning
to the effect that that company has Sc
cured control of the Baltimore & Ohio
Railroad Company.
William A. Patton, assistant to Pres
ident Cassett, when questioned by re-
porter for the Associated Press, said:
'"rhere is nothing to be said. have
seen publications of this sort before
connecting the Pennsylvania Company
with various deals. They all turned
out the same way"
BALTIMORE, November 29.-At the
general offices of the Baltimore & Ohio
Railway Company in this city it was
said this morning that nothing is
known concerning the alleged deal by
which the Penna. Co. is said to have
obtained control of the Baltimore &
Ohio. President John K. Cowen of the
Baltimore & Ohio, is in New York and
first vive President Murray is in Pitts
burg. No other person about the build
ing is authorized to discuss matters of
this nature but we'll informed of1ic-
ial said that no one at this point would
be likely to be informed as to the truth
of the story at this time, because all
transactions in the stock took place in
New York and not Baltimore.
"Our business" he added, ''is to run
the road. Thus far all of our orders
have emanated from Mr.. Cowen and
Mr.. Murray. If the road has changed
hands, or if it is about to do so we
would know nothing about it until the
general public also knew it"
NEW YORK, November 29.-Chaun-
cey M. Depew, chairman of the board
of directors of the New York Central
railroad, says that he knows nothing
concerning the reported Baltimore &
Ohio deal
NEW YORK, November 29.-The
Evening Post says:
The following explanation was cur
rent to-day on the authority of Wall
street interests concerned in the recent
heavy" buying of Baltimore & Ohio
stocks.
"a block of B. & o. preferred and
common stocks has been purchased by
A. j. Cassatt and associates in the in
terest of the Pennsylvania railroad.
"This stock with the holdings of j.
]. Holden places the control of the B.
& o. in harmony with the management
of Pennsylvania. The New York Cen
trail road is not concerned in the deal
except through W. K. Vanderbilt, who,
as an individual, Is one Of the syndi-
cate formed to acquire an important
interest in B. & 0. stock"
Some of the largest buyers of the
stock said that their purchases were
delivered to and paid for by Kuhn,
Loeb & Co., and that banking man,
ayers both of the B. & O. syndicate and
of the so-called Hartman syndicate are
included in the new purchasing syndi-
cate.
NEW YORK, November 29.-Mr.
VIM. Solomon, chairman of the finance
committee of the B. & o. line, when
questioned on the matter said:
Il know nothing about the reported
deal. l have heard nothing about it,
CINCINNATI, O., November 2s.-
President NJ E. ingalls, when asked
regarding the story concerning the abb
sorption of the B. & o. by the Penn
sylvania, and the c. & o. by the Big
Four said he knew nothing about such
a scheme.
THE TIME EXTENDED.