New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-25
RAILROAD INTERESTS
VANDERBILT CONSOLIDATION TALh'
n,p,n ADVANCE IN THEIR STOCKS REEVES Ru-
Mana II. WALL STREET.

VANDERBILT CONSOLIDATION TAIN
.,,,.,,,,,z, ~ THEIR STOCKS REEVES RU-
MoRs IN WALL STREET
IT.. ,o,,a advance In the Vanderbilt stocks IN
49, lost two davs closely following the return
,or, E,urone a day or two previously OF W. N
Vanderbilt who Is recognized as the uli e'''''e
figure in the management OF the Nahue'oi, '
road properties has revived In wan S'Iee' INV
rncrs of further consolidation OF those prope'Uo'
New-York Central closed yesterday al loo'2' he.
gain for the two days of "a per cent; Chlcaeo anu
Snr,bwestern 40. a net gain Of 3is: Omaha. l~i a
not advance OF ;: Union Pacific 40a net gam OF
III. Union Pacific preferred 75i. net gam Oh ~
and Big Four common. 56a4, a net advance Vi i13
ner cent MI Vanderbilt sailed Tor Europe seFei".
months ago his departure being nearly coiilViu
with that of J. Pierpont Morgan, who arrived nome
again about a week in advance OF MT Nanue.o I'M
cornel,us Vanderbilt also has just reached new
York from Europe. and. although ne mas larger
retired from active business HE since MS He"''
became impaired It is accepted as fact IN 'he man
cial district that his counsel and consent are III
disnensabe as preliminary to the contamination
of the vast project of consohdauoh WHICH, AVN"
ing TO rumor may soon be announced
The absolute assertion was made in January that
negotiations were pending for the transfer 10 'he
New-York Central. or TO a company controheu by
that corporation. of the stocks. common ana pre-
| ferred Of the Chicago and Northwestern ana Union
| Pacific roads ana w ~ NuHuNiOiN '"N''
| an equally explicit denial. saying: mo such con-
! solidation is contemplated. and as far as am
| concerned has not even been considered wall
| Street at the time was inclined to consider Mr.
| Vanderblts statement as technical denial OF the
consolidation reports, believing that negotiations
had been previously carried on, although Mr. van
| derbit had not been party 10 them.
| All these rumors. already said. are now again
| current The New-York Central has already taken
| over the Lake Shore the Michigan Central and the
West Shore and is satisfied with the results OF its
| action. The Chicago and Northwestern ls now
practically Vanderbilt property, and the Wander
bilt interests in Union Pacific are important The
| Union Pacific in turn, owns a controlling interest
| in the oregon Short Line BY increasing their hold
| ings of Union Pacific stock therefore 20 an
amount sufficient give them control, the Wander
| bits could effect a consolidation which would en-
| able them 10 operate a transcOntinental line-the
| New-York Central to Chicago. the Chicago and
| Northwestern from Chicago to Omaha, and the
| Union Pacific from Omaha 10 Granger WyO, or
ogden. at both Of which points that road connects
| Pacific Coast is reached. Still another rumor
| which has often been printed and often denied
| may yet be transformed into fact-the report that
| the Chesapeake and Ohio. Big -Four, Monon and
Cincinnati Hamilton and Dayton roads might soon
| be consolidated. The Big Four is a Vanderbilt
| road, the Chesapeake and Ohio is controlled by
| Vanderbilt interests and the Monon has recently
| been acquired by the Morgan interests. The Big
| Four is the natural Southern outlet Of the Lake
| Shore and the Chesapeake and Ohio is the natural
| continuation Of the Big -Four.