The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-17
THE COAL TRUST DEALS.
Wide Significance of the Renewal of
All Opposition

NEW YORK. Dec I7.-The New York
Hearald'' In its special Monday financial
article says of the recent important deals
for the consolidation Of the Anthracite
Coal Trust properties and the influence of
]. P Morgan and J. J. Hill on The railway
situation:
The removal OF the Pennsylvania Coal
Company and other Independent concerns
as rivals to the big cJal companies signi-
fles many things II means that the Nor
gan FanderbIlt-CasSatt alliance is moving
forward with It's plans It means that
peace is to be established; that earnings
are to be maintained, and that coal lands
are attaining their proper value. The lat
ter is important TO Reading with its vast
deposits Of untouched anthracite. Indiea-
tions are that the coal trade developments
are not yet announced. There may be fur
Their deals" involving Delaware and Eud-
son, and possibly Ontario and Western.
j. PieTpont Morgan and James J. Hill
have been the great factors in Wall Street
of late. That Mr. Morgan has tak6l most
important steps toward the unification of
the anthracite coal interests by effeeting
the purchase Of the beliigerent PennsyIya-
MA CoEt Company for the Erie Railroad
and tliat James J. Hill has appeared as q
leading interest IN the Erie and St Paul
railroads have not been deemed any more
important than the simultaneous con-
frmation of the belief that these two pow
eFs formerly rival factions in the railroad
field in the Northwest, are now friends
even partners.
What has recently been accomplished
affects Erie and other Eastern coal prop
critics. What has been disclosed however
affects every railroad in the Northwest.
It is but natural. therefore. that Northern
Pacific and St Paul stocks should have
recently divided market leadership with
the Fries and the Readings.
In the usual free and easy fashion wall
Street has built up all sorts of theories
and invented all sorts of fake tales CON
corning what Mr.. Hill and Mr. Morgan are
planning to do. Most of the stories are
silly. No amalgamafion or transcontinen-
tai combinations are projected. So far as
the Northwest is concerned. the commu-
nifty of interests plan has been made eff
fectiye. and there is peace instead OF war
peace which means almost as much TO
Burlington and Unien Pacific as II does TO
the Northern Pacific. Great Northern. or
st. Paul
AS to Erie. Mr.. Hi has gone into that
property at the solicitation of Mr. Morgan.
He viii endeayor 10 do fer Erie in the
way OF operating management what his
Ohio. and If he can give it good earnings
Mr. Morgan ran be.depended upon to give
it good credit e
Vanderbilt interests are expected to
come forward during the next two weeks,
putting into operation ruEored plans in
volving their companies. Acquisition OF
the Wabash as,d combination Of properties
already in Vanderbilt control are Tumor-
ed. An Increased dividend on New York
Central is talked OF, and there is a plan
10 merge the MCKEE Plate system with
the New York Central If the Vanderbilt
stocks are to become leaders insthe mar
kes the effect upon sentiment should be
greater than that of the activity with
which the Morgan interests have been
identified.