The daily morning journal and courier., 1899-06-27
NEW YORK CENTRAL DEAL
THETALKED OF LEASE OF BOSTON
 AND ALBANY BY CENTRAL.
Wall Street Highly Interested-lmp0rt- ant Meetings of the New York Central to be Held This Week-PrestdentCa Calln-
 nxrou.I.A Mnt


 New York, June 26.-Ever since the New York Central absorbed the Lake Shore road a year ago there have been stories of other far-reaching plans con- templated by the Central directors. The most persistent of these rumorS has been that which brought together un- der one management the Central, Lake Shore, Chicago and Northwestern and Union Pacific lines, thus making a trans-continental line of the Central road. Another story consolidated the Big Four" the Chesapeake and Ohio, and some other roads in the same terri tory, thus making a single line into the southwest A third story, persistently circulated for months has leased the Boston and Albany to the Central road, and has also hinted at the absorption Of the New York, New Haven and Hart ford, thus giving the Central road the sole control of all New England lines.
 The return of Mir. Vanderbilt from Europe, immediately after that Of J. Pierpont Morgan, has put in circulation again the various stories above referred to- Most of the directors of the Central road and of its affiliated lines are now in the city for the purpose of attending the semi-annual meetings to be held this week, and a morning newspaper re- port stated to-day that they would be called upon to ratify lease of the Bos- ton and Albany road, under the terms of which the Central road would guarantee per cent. dividends to the Boston and Albany shareholders for a period of 999 years If such a proposition is to be submitted to the Central road directory this week, no one in authority at the Grand Central station would admit the fact to-day.
 VANDERBILT STOCKS STRONG.
 Wall street discussed with absorbing interest to-day the rumor that ''deap is pending, and all the Vanderbilt stocks opened strong.
 New York Central stock was eight points higher to-day than week ago. In Boston and Albany, which was quot ed at 25S Saturday, sold to-day at 27o and then at PIP. The impression in Wall street is that terms of the agree ment with Boston and Albany have al ready been arranged and that the enter prise and resources of the Vanderbilts are being directed just now to the &C., quisition of the New Haven property.
 Ever since the time of William H. Vanderbilt the family have had consid- erable holdings in the New Haven, and it has always been their policy to in crease these holdings. Men who are now directors in the New York Central and men who are directly interested in the affairs of the Boston and Albany have in the past ten years taken nearly all of the Boston and Albany stock that has come on the market.
 A number of years ago quite a large block of stock liquidated for an estate was purchased in the interest of the Central, so that now the Vanderbilts are believed to Control more than half the stock. The New Haven is believed to be the next largest owner. A large amount of stock is held along the line of the Boston and Albany by farmers who for years have been content with their per cent. dividends and their an- nual free ride to Boston. This class of holders have always stubbornly refused to consider propositions for selling their stock.
 Some color is lent to the report by the reply of Vice President Hayden of the Boston and Albany road, who, when asked about it replied:
 T can say nothing on the subject at | this time"
 Officials of the Central declined to | discuss either by way of confirmation | or denial the revived rumor that the Central was about to acquire the Bos- ton and Albany.
 HAD NOTHING TO SAY.
 Captain H. c. DuVal had just return ed from the Seventh regiments en- campment, and when he was questioned | as to the report he said it was news to him. President Galloway said he could not discuss the report at all. He declined to say what directors meetings were to ba held this week, but from an- other source it was learned that several of them were in progress to-day.
 According to the report 1t was prinoip- ally through the efforts of William K. Vanderbilt that the negotiations for the lease of the Boston and Albany had been consummated.
 The return recently from Europe of J Pierpont Morgan w. K. Vanderbilt and Cornelius Vanderbilt is cited as pre- liminary to the completion of these re- ported negotiations.
 The Boston and Albany road has a mileage of 3S8. It's capital stock is $25,- 100000, and it's funded debt about ST. 100000. It is one of the chief trunk lines In New England, and much of the grain exported from Boston enters New Eng land from Albany by way of this road. One of the economies that would result to the Central by it's acquisition, 1t is said, would be the maintenance of rates in grain shipments, in which the Bos- ton and Albany has been 8 competitor.
 BOSTON NOT INCREDULOUS
 In Boston yesterday the reported leas- ing of the Boston and Albany by thel Central was not regarded with incredu- lity. It seems to be the general opinion in well informed circles that there was| in the wind in the case. Sam uel Hoar general counsel for the road dismissed an inquirer to-day with the laconic reply: T can say nothing what ever upon the subject" and even said h reply to another question that he did not know when a meeting of the New York Central would be held this week.
 IN NEW HAVEN.