New-York tribune., 1900-05-19
RUMOR OF GAS WARS END.
GAS STOCKS GO UP on REPORT THAT
CONSOLIDATED is IN CONTROL.

The gas stocks were booming yesterday on more
or less definite reports that the contest which has
been in progress for more than year among the
local gas companies had at last been ended. with
the Consolidated in complete control Ihe con-
soidated Gas Company. II was said, as the outcome
of negotiations extending over many months, had
secured controlling interest In the STOCK OF the
New-Amsterdam Gas Company. which stock nad
been gradually absorbed by two directors OF the
New-Amsterdam for the purpose OF being turned
over In a block and in exchange for this stock IL
was added. the Consolidated would issue deoeh'-
lures pursuing the followed by 1t In the pur-
chase of the New-York Gas and Electric Light
Heat and Power Company's stock: and thereupoh
~ would formally absorb the New-Amsterdam Gas
Company II was further said that an arrange
ment had already been made with the StocKhoiuets
Protective Committee of the Standard Gas Lisht
Company whereby the majority of the stock Of that
company, controlled by the committee, would De- or
had been, turned to the Consolidated Gas
Company. The latter company has for some tifhe
had substantial interest in the Standard throush
the stock sold by Russell Sage. then ts presiue"''
to a representative OF William C. Whitney. who Is
a trustee of the Consolidated Gas Company; and
also it is supposed. through purchase of the wal
lace c. Andrews estates holdings
Partial confirmation given the rumor OF the
New-Amsterdam's absorption by statement made
by General Jourdan. president of that company d.
the close of special meeting OF the directors heio
yesterday afternoon at the office of August Belmont
& Co.
hitch he'd always occurred some question OF
figuring. Further conferences would probably De
held next week. The present basis or settiemiet. zen.
to all interests that success seemed to assured
August Belmont was seen later In the uay r,, en,
cient"
The report of the. -Amstegdam,s changed
control, however could not be confirmed yesterday
from any official SOURCE in either company; hsn asked
whether not the conflict between his company
nd he m really
would return no more positive answer Inan,
Negotiations for settlement are assuming
trustee of the Consolidated Gas Company was
quoted yesterday outlining the situation In this
way:
pursued a policy which is consistent: Its stock Is
m a as such The
Is not regarded by investors. In any settlement
must come from the other side. The war might
be settled in five minutes and 1t may not be set
terms well and when 1t is ready to accept them hem
selves; We perhaps, shall not know when the mat
ter is settled
Somebody evidently is buying Consolidated stock.
and the indications in the stock market per-
haps little significant
Further interest excited yesterday In gas
circles through the becoming known that there
had been held in downtown office a meeting of
the Executive Committee of the Standard Gas
that representatives of Standard oil interests at
rme bH be direetor No details Of the meeting
h9yeeT Gase as rPnse Pnef $50 and 1884,
closing at 1861 net advance for the day OF per
cent In me ,og OUTSIDE market Md .ne
Stock closed at z7a bid sls asked against PSI. bid
rred at M
80 bid 81 asked at Thursdays close. The first
fass asRed against bid and asked on @ rSuisdsy day
SThsn for the day aye of sa points ''' net gam