New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-09
COAL ROADS AND Mr.. MORGAN
NO CONFIRMATION oBTATNABLE FROM HIM
REGARDING THE REPORTED COM
p1NATION

-. >,rr., who returned from England
an Tuesday was al his office ali DAY ves'ei""s -
ma statement as 70 the objects OF MS WISH "O'o"'
Ao ~ ossn,e relation to the long taked-of plan
FOR the betterment Of the position OF the Vo 'V'U
could be obtained from him. II may nave ose"'
80. ronor,ed Yesterday that while In Lonooh Nv
.h,stnsd the assent Of the Readings Engnsh STUN
hohders 10 some plan to when All III, my 49,
eastern coal interests and the Nanderoli' i"'S' w
pennsylvania. New-Jersey Central and lAcka""n'"
road. may be parties. but MI Morgan mas ~.
wears been in the habit OF going aoro"' 49,
-hr,s,roas for q stay Of two months or so ana II
Is nv no means safe TO assume as certainty tl"
The trim from which he had just returned ""S "''"
taken with the special object OF arranging ioi '0
orr,,,rs into effect Of coal deal" at least one
Of such nature was reported YESTERDAY "
cord,ne 10 those reports. the eesen'la l'"'''
-. ~ 70 . projected combination Of all the more
,p,nortant coal interests Of the East uhder Sne'
management and these companies are ueo''i'U
have agreed to come into the cohloNd'"H'
philadelphia and Reading Railroad Compah!' DeI"
.-are Iackawanna and Western Railroad |oi"l''''
pannsvlvana Railroad Company, New-horA Ian"
sr,o ana Western Coal and Railroad Company '0o''o
niles total length operated by the Erie kalIr"au
COMPANY; New York ontario and western RAJ
road COMPANY Central Railroad OF Ne"-'e's'
Eew-york susouehanna and Western operated 10y
the Erie Railroad Company. and SchuSIN'' ""'
eusouehanna Railroad Company
Il was said Yesterday afternoon. on good Su-
thority however. that there was no touho"'''"' "
fact for this story. 4 similar report was cur '
yeveral weeks ago and w3S a1is thS With some
OF the coal roads now mentioned aS aooui 10 40
mo a combination. 1t is generally neil' NV -
ever that a plan which Will insure harIIolF mon, Ton ~
scficn among the coal roads ana with $3.50
~ rste-cutt.ng corresponding ausmentatloh ~
their earnings has been framed and VIII pe ""oP.eU
and lived up 20 by the companies lhteits'eu 49,
which the election Of Mr.. TruesddIe a. tI'S io'
Of the Lackawanna has done Iauch 10 n"He III Ia
ri \othna Is more certain than mat such 4 pm
would not he drafted and made enCcuv, io',Ri,
ill., details may never become public without me
act We cooperation and the SANCTION OF MI hVIs'5
TIL course of the stocks OF the anthracite TO" -
,'s.erdo, u.ainv reflected the opinion Of wal
Si:cet that the coal situation would snow marc
inprovs ment now that Mr.. Morgan has got nome
and he finishing touches can De put on the coai
nisn An the coal stocks were strong ana active,
g. Rea,iinC issues being the features Reading
common made p net gain FOR the day OF - per
cont. Reading first preferred with sales OF '4,4V
shares per cent: second preferred. - Per cent
y v-Iersey Central showed net gain OF ~ Per
cent. ontario and Western. ~ per cent: Delaware
Lackawanna and Western. per cent: Erie, : per
cent, Erie INST preferred. IL per cent. ana brid
ware and Hudson. = per cent