New-York tribune., 1899-07-02
THE EW-HAVEN'S FUTURE.
1T LIES IN THE HANDS OF CENTRAL
AND PENNSYLVANIA.
BELIEF IN THE RAILROAD WORLD THAT
THEY HAVE AGREED ON THE DISPO-
sITION OF THE PROPERTY.


Now that the lease Of the Boston and Albany
by the New-York Central is assured. and it is
practically certain that the Ftchburg will soon
drop into the lap Of the Central. the keenest in
terest is being taken in the ultimate dispos-
tlon OF the New-York, New-Haven and Hartford
Railroad Company. The New-York Central by
the Boston and Albany merger has turned
neat corner on the New Haven, which was buy
ing UP everything In sight in New-England. The
Central is now so securely intrenched in New
England with a Boston terminal, that the ac-
QUESTION OF the Fitchburg is regarded only
a matter OF time. Influential officials Of the
Vanderbilt system admit that already negotia-
tions are under way for control Of that road.
In this rapid growth and reaching out in the
New England railroad field the New-York Cen
trail, railroad men agree, has completely eclipsed
the New Haven. and in taking the Boston and
Albany II captured property that the New
Haven wanted and was reaching for, and at the
same time secured a leverage for strong
competition with the New-Haven in New-Eng-
land. Hemmed in as it now Is, the New-Haven
has come TO be in the railroad world what
China is in the struggle Of the Powers. Its par
tltion is apparently not far off. and The Tribune
is In a position to announce that already It's
value has been appraised by the keenest and
ablest railroad operators in the country, and
that steps are already being taken to get con-
troll OF the road. The New Haven, so 1t was
learned from an authoritative source yesterday.
will in the end be disposed Of just the two
great railroad systems Of America may elect and
determine, and they already talking over
terms.
The New-Haven will. 1t Is said on excellent
authority. be disposed of by the New-York Cen
tral and the Pennsylvania, the understanding
between which two po Herful railway systems is
declared to be absolute. When the New-fork
Central undertook the lease Of the Boston ana
Albany A. ]. Caseatt president Of the Pennsyl-
vania Railroad Company. and s. NJ. Provost, the
third vice e-president of the same system, were
called into the meeting and advised OF all the
conditions Of the lease 1t was demonstrated 70
them it is reported. that 1t was a move In no
way antagonistic to Pennsylvania interests and
they entered no objection 10 the transaction.
While the New-York Central has recently made
many changes and entered into consultations
and contracted leases. the Pennsylvania has been
as n whole inclined to stand by its old and we'll
known conservative policy. The election or A. j.
Cassatt as president. however, is looked upon IN
railroad circles as bringing to the front man
OF more liberal views, and one who was likely 10
branch out and 1t is understood that ne mas
fallen into the Centrals programme of aosorp-
ton with encouraging promptness.
SPLIT IN THE NEW-HAVEN BOARD.
II is no secret in the railroad world or in Wall
s.r.et that there have been serious dissensons
I'm tho Roard OF Directors OF the w-Haven.
There are two factions In the Board known as
the Clark men and the Central men. The friends
u, ba nrpcidppt have resented Dit
terly. IT is alleged, what they call the domination
OF the Central men in the road. on the other
hand. It is understood, the Vanderbilt interests
and j. Pierpont Morgan have been increasing
their holdings in the road. and it is generally be-
lieved that It is only matter OF time until the
Morgan and Vanderbilt interests will dominate
and when they do the New-Haven Will be taken
over. - Is understood that in this plan to get
control Of the NewHaven the Central interests
have the advice and cooperation Of the Penn
sylvania with which they are on such goou
terms. and that when the road is finally secured
it will be divided just as the two systems may
agree. Both have close connections with the
New-Haven. and it could be divided oe'"ee" ''''
two in satisfactory way.
Charles p Clark, president of the New o'N
Nou-uaven and Hartford Railroad. reached
home from Europe yesterday on the A"'e'''"
Line steamship St Louis. When he went away
five months ago he was broken IN heaIth anu
worn out. He returns much strengthened, ana
will at once again assume active charge as pres
ident Mr. Clark much surprised 10 hedt
of the Boston and Albany lease. he W0uIu HoS
discuss railroad matters. He sald ne hHTN hHT VI
no change in the management Of the New raven
and of no plan for the absorption OF the New
Haven by the Central. John NJ. Hall, who mas
Leen acting as president came down 10 meet
Ia .olk kp6 a
rho Vanderbilts absorbing the New raven - ho'
true and ! don't know where IL or sid1et, tII U
said. The lease Of the Boston ana Alpa"f ,~ha
NOT affect the policy of the New maven m
Nev-York Central with which we nave Close
traffic connections, would gain nothing !E taNtns rn
the New-Haven. l know nothing or THESE re-
In Wall Street yesterday New-fork Centrai
was strong and steady while PennsylVahla @ pe-
came suddenly active, ana on uhusudlls 'SIS 80
dealings for that stock went up amos. io. @
noints The fact Of the Boston ana Albany
merger was generally known ana credltea So ,a
al days ago and the whole TRANSACTION M1S
articinated and the stock had no remarkapS
riee unon the announcement. Central huttere"
between l4O and 14O7s. closing at lfV4: fenII- mn.
evIvanIa on the other hand, opened at i3t' ran
m to 1877. and closed there. the puylhs Mdo
Ia 20 no nv inside interests. and was very
heavy for a halliday. wall street seems t D., 9o W
inst awakening 10 the realization tha' the ~ ~
SrIvonia and the New-York Central nave no"
c6rne IN a perfect understanding. by when they
uiIl divide between them all this Eastern TERRI
tory and absorb all competing properties
COURSE IN THE STOCK MARKET
New York Central has since January rangeu
between 144a4. on March 20, and 12lHi, on Janu-
ary 2 In the last two weeks 1t has had an ad-
vance OF nine points, and in the week enoed
Yesterday of FIVE and quarter points. Snn-
svlvania touched It's lowest figure OF the year
122ls. on January B. and its highest quotation,
I42 was registered on January 20. Ch SoIr SEir
,-aatariaV II closed AT l0p-2s
On June "a at 1919. and yesterday II closed al
I37fs an advance OF six and half points TOT ,h o.s
week From these figures II appears rmat OoS. ~
,base important railway stocks nave Wlthln tne
last fortnight had important advances bringing
their respective values nearly up 70 me maxi AK,
mum figures recorded for tnem IN Id r,e Ier,ford
is one Of the inactive stocks little OF Il being
available for speculative uses in the STOCK S mao Sdo
ket The last quotation for II was &c ta Dlt, 80
asked Its range this year has Deen Det"Tsh
iHn an Iaruary 10 and ~ on April ~. me