New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-06
NEW MOVEOF BELL'SRIVAL
TELEPHONE COMBINATIONS PURCHASES
IN WESTMINSTER COUNTY - PEG
PIES COMPANY'S PLANS
IN THE CITY

nv securing control as was announced in The
Tribune Yesterday morning, OF the Peoples Tele-
nhone CORPORATION. with which has been merged
the Knickerbocker Telephone Company. the Iele-
phone Telegraph and Gable Company OF America
obtains a practically equal footing with the Bell
Telephone Company as a competitor for the teiS
phone business Of this city. Last night II devei-
oped that the Telephone Telegraph and Gable Com
many OF America had made another important
move having bought out. II was declared, the IN
dependent telephone company in Boston, which
controls Independent lines which. In combination
represent long dstancel line extending from bos-
ton to the northern limit OF New-York City where
Il naturally will be connected with the line now
being constructed by the Peoples Telephone Cor
poration.
Tho purchases Of the Telephone, Telegraph and
Cable Company Of America in Westchester County
include the new plant now in operation In New
Rochelle and the franchises owned by the same
company in Mamaroneck sand White Plains.
controlling interest in these plants was acquired
through the purchase OF the stock held oy the
nmres,dent George W. Sutton. The New-RochelIe
plant has been IN successful operation about SIX
months and has nearly three hundred SUBSTITUTE
A controlling interest has also been secured III the
Palisade Telephone Company CONCERN WIN"
owns a franchise in Yonkers
The only local company not yet IN us coh'toi -
Aha Mount Vernon Telephone and Messenger Nom-
nanv which has been operating In Mount 'eiio"
about Ave years and has three hundred locai SUI
scribers This company defaulted the lhteles. on
tie bonds and was foreclosed IN the interest VI
the bondholders yesterday In Mount Nerhon -
was hid IN by William Archer, the New-for ouliu-
er who IL both a stockholder ana po"u"0iuo''
,o- s25 200 II was rumored after the sale that the
comnanv would be sold TO the Telephone. Ieie-
granh and Cable Company OF America Out this
could not be verified.
porrasentatives Of that corporation were AT the
sale but declined 70 talk. The company VIII oe
- ., orcA 70 build In Westchester County, and
eynects 10 have all Of its plants in operation IN a
| vear The New-York Telephone Company now
| ,o-oes % cents for tolls between cities ana VII
10 oas in westchester County. and IS cents 10 New"
| York The new company expects 70 oier '''e '"''e
| service at greatly reduced prices
! Tho Knickerbocker Telephone Company has taken
from the Astor estate a twenty year lease oi '"e
seven story building at the northwest corner oi
| Rroome and Elm SITS and the property VIII be oc-
cup,ed by the Peoples Telephone Corporation TOT
! its exchange.
Tho Bell Telephone Company, It was said yester-
day. in buying out recently the Independent 'eie
phone ~ strengthening It's hold on the New
York terminals OF the long distance service ~ Ell
direction Control Sd Of the local telephone field was
secure through It's practice VCnorporaton how
EVER having after many years Of fruess apph tbe
ton secured rsSen 10 yenaSe It to proceed the
p pei 80 rngtnp wires and installing teiephons
n,on ioined forces with the Telephone A.,
and Cable Company OF America, among lLe t n
interests in which are certain men t paiiwav
| tne control OF the Metropolitan street ftalL"as
Comnany and an arrangement was reaCne ~ ~ - a
nv the necessity for applying Tor space III e NO
| syybwavs was avoded-an application Wh,c! ~ II. ~
| pbeieved would be denied the GROUND tha' IL
renrrsd accommodation did not exist IN tnoss .r
u,avs-and the unoccupied condults ol tne I'M
noi,an's svstem north and south ana cIosstTE,Ii'
were placed at the disposal OF tne tSaiaohona
| nbnna CorporatIon and many miles OF telePH s
cabies we're strung In them during the tWentyL,U
| hours OF last Sunday. Moreover i, Is 10 por,tce
nobIas which NAV be utilized for telephone SerSiCe
were during the same period strung uIluei rh "a
| waited railroad structures IN thls Ooi'ue" w
II was reported yesterday that the People s. ere g,
nhone CORPORATION had purchased the Iraiicise ,,b
| ~ General Carriage Company-an unusuai,S ~
eral one-and. In case or htlgaton nytSo nat 4.
Could not under the law operate telePhione SCI
with wires strung elsewhere than IN tne suDH
| alraadv occupied by the Bell company "He
| .-a,I6 onerate such service under the rights ana
nrvtieges of the General Carriage Company, which
are said 10 be amply sufficient 10 JUSTIFY tns a.
pies Telephone Corporation In placing Jus VIZ a.
The Metropolitans conduits, and even 10 enaeie !.
| 10 occupy and tear up streets IN any part VI 'he
city. .,. y, LII .ho c.araral Carr,a 90
Company gave the brokers OF the outside narkeet
| another squeeze yesterday. The stock made an al,
vance OF 6S points on Monday. selling up 10 To- ana
| lust before the close l35 was bid yesterday
opening bid price was 40, but stock was offered
| al that figure As the day advanced the stock was
bid up TO 200 from which figure II receded 10 do
and although some shares were onered az TINS IasI
! price there no takers. The latest rumors are
that the stock is controlled by pool, the member
OF which have agreed TO hold on until the hrst OF
the year Operations in the stock were confined TO
! few traders who found themselves short