New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-05
FOR FURTHER CONSOLIDATION
REPORT REGARDING THE KINGS COUNTY
AND BROOKLYN ELEVATED.
IT IS SAID on GOOD AUTHORITY THAT THE
BROOKLYN RAPID TRANSIT COMPANY WILL
COME INTO CONTROL. OF THE TWO
sYSTEMs-F Feature OF THE


COME INTO CONTROL. OF THE TWO
sYsrEMs-FBAT7-RE OF THE
STOCK MARKET.
Brookl.n Rapid Transit proved the feature OF
the stock market yesterday, scoring net ad-
vance OF Ia per cent on total sales OF llo'9-o
shares The opening quotation was above tues
DAVIS closing figure of 79a.. and at the close the
price was S7Is only x per cent under the high
est figure Of the day Ex-Governor Flower
firm were large buyers. and other interests
identified with Brooklyn transportation COM
panies were also In the market as purchasers
All sorts OF rumors current as to the cause
OF the rapid advance in price, but no positive
information could be secured yesterday regard
ing II. The general opinion was. however that
the rise in price would be found to he
the forerunner of announcement or I'M
portant action in the direction OF further
consolidation Of traction lines in Brooklyn.
II has been generally understood for weeks
that the Rapid Transit Company, of which ex-
Governor Flower and Anthony ~ Brady are the
chief owners would soon take over the Nassau
Electric Railroad Company. next to the Brook
lyn Rapid Transit Company the most extensive
street-ralway system in the borough; and IL mas
been reported more than once that negotiations
were on foot for the absorption also of the com
pany which operates the De Kalb-ave. and Jay
and Smith-st. lines. 1t can be said on the
best authority that the Brooklyn Rapid Transit
Company will at no distant day come into con-
troll Of the two elevated railway systems Of
Rrooklvn-the Kings County and the Brooklyn
Elevated.
The Kings County Electric Light and Power
Company which controls the electric lighting
business Of Brooklyn and which is the property
NJ Nessrs Flower and Brady and their asso-
ciatas "a now selling power to the elevated
roads the Kings County road having electrical
continent from the Bridge to the Clark-st sta
ton. and the Brooklyn Elevated along Adams-st'
and Myrtle-ave to the Bridge-st station. Both
roads are in time to he equipped throughout
with electricity. With the taking over OF 'he
Nassau and DeKalb-ave. trolley systems anu
the elevated railways by the Brooklyn istpia a
Transit Company. which is so Closely a,', LA, s
with the Kings County Electric l.lght ana foNer
Comnany the whole transportation ana err
tric lighting business Of the Rorough oi pioon
Ivn would be brought under practcaliy sihse
manaeemcnt. and the best opinion is mat tne
contamination Of part Of this vast proJec' wiz
he announced within the next Few days; Co.,.
There was an indefinite rumor IN van 80
connecting the Long Island Railroad Soiiip pa
W wa.n Transit COMPANY President W. II. Bali
win of the Long Island Railroad COMPANY say /,
to a Tribune reporter who saw him last nle't ~ a,
his house No. II Pierrepont-st., BROOKLYN una
t ' ,,ad hoard nothing of any negotiations look
ing to the consolidation of the Rapid irah ,1
and the Long Island Railroad interests, s AZ
said that his company was now Morh,ns u FL
mutual arrangements with the Brooklyn EIe
vated Railroad. whereby the Long lsano Uses
the BroadYay branch Of the elevated roau %, ~, au
it's Rockaway trains. reaching the ~, I'
jvn Elevated road uses the old culver koute'
P,ars he added we're being perfected for an IN
cline connection with the Brooklyn EieVa,eu "a d
Ei.tbush-ave which will enable the Long Isl
"a trains 10 run across the Bridge to farh
IA to rumor that the elevated and surlaTe
an.ina NJ, BALDWIN said he knew notnihs
further than had already appeared in the news
naners regarding the negotiations