Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-01-08

RENNSYLvANIA COMPANY TAKES
10000 SHARES d. q O. PRE-
FERRED STOCK.
The scope and Purpose Of the ANAL
gamntion OF Eastern Lines Com
cfsely Stated and Explained.


NEW YORK. January s.-The Tribune
to-day says:
1t is absolutely confirmed that the Penn
sylvania railroad has secured a block OF
ten thousand shares of the preferred stock
of the Baltimore & Ohio railroad 1t Is
further said that the Pennsylvania has
secured a large block of stock in the
Chesapeake & Ohio. This road is esner-
: ally looked upon as being controlled by
J. p. Morgan and his associates, and its
ultimate absorption by some stiorg ccm-
pany has been the subject of discussion
by railroad men generally. 1t is now said
that the merger of the Chesapeake & Ohio
will be with the b. & o. and that the
Norfolk & Western will also come in I'M
der the same merger. Then, owing to the
heavy holdings OF Pennsylvania interests
In B. & o. stocks, il is said the two roads
formerly rivals will be operated in 1bso.
Lutte harmony, and the Chesapeake & Oh.i
and the Norfolk & Western eliminated.
everything will be serene in the railroad
situation in that section of the country.
Tt became generally known yesterday
that the Lake Shore which under the con-
solicitation scheme of the New York Cen
trail recently became practically an
integral part of that system, has taken
over the Lake Erie & Western which was
formerly regarded as a property Of the
late Calvin S. Bnce.
1t was generally understood soon after
the death of Mr.. Br:ce that the Wander
bilt interests had acquired all of the Lake
Erie & Western stock held by his estate
and by his immediate business associates
in the company Since then the same
interests have apparently been picking up
more stock in the market, for within
day or two about $1,000 shares OF the pre-
ferred stock and an equal amount of the
common are reported to have been trans
ferred to the name OF ". K. Vanderbilt.
These 10000 shares constitute majority
of the capital stock 1t is understood that
the new owners and their representatives
will at once take places on the directory,
and that hereafter the road will be oper-
eted as a part of the Lake Shore system
The Lake Erie & Western owns no miles
of road and operates in all 72 miles. Its
main line starts at Sandusky O., which is
also on the Lake Shore road. and ex-
tends southwesterly through Ohio, In
diana. and Illinois to Peoria in the last
last named State. Intersectng the main
line at Upton, Ind, is its road from
Michigan City. Ind. on Lake Michigan,
and from Muncie. Ind, its branches extend
northwarc to Fort Wayne, Ind, and south
ward to a connection with the C.ncfn-
natl. Hamilton & Dayton road, through
which it has access TO Cincinnati.
The Cleveland, Cincinnati. Chicago &c
St. Iou!s-the big -Four" road-which 1t
IS announced is now fully controlled by the
vanderbilts, occupies in part the same
field with the Lake Erie e Western. al
though its qualifications are much wider
than are those of the Lake Erie & West
ern.
The total mileage OF the Big -Four sys-
tenn is 2s4 miles. Besides its lire from
Cleveland, on the Lake Shore road to
Columbus and TO Cincinnati 1t has, Ike
the Lake Erie & Western, a line from
Sandusky to Peoria; and from Anderson,
Ind. few miles west of Muncie, branch
runs northward to Benton Harbor, lit
tie northeast of Michigan City. and like
that Lake Erie & Western terminus, also
situated on Lake Michigan.