The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-12-19

New York Central is playing the
big hand in the present anthracite
coal deals" says a Philadelphia dis
patch. "It is now New York Central's'
turn to cover it's end of the plan made
with the Pennsylvania railroad man
ayement in the famous conference tof
November 1899.
at has begun by securing the Bos-
ton and Albany line and the Penn
sylvania Coal company's nineteen col
lieries at s3O,OOcOoO through the j.
Pierpont Morgan syndicate.
TT was stated today that the Cross
Creek Coal company-the Eckley B.
Coke estate, at Drifton. Freeland.
Derringer and Ellengowan-had been
secured by the Morgan syndicate, the
nine ccllieries going at $1l.500,00O.
"The George b. Markle & Co. proper
ties, five in number, at Highland,
Jeddo and Japan, it is said, are to fol-
low. at $6,7oO,O0O. and the properties of
the Pardees. at Hazleton are bid for
on tenders at $7,500,o0o.
"It was further stated today that
negotiations were on for the I.ehigh
Coal and Navigation company's eight
collieries in the Panther Creek valley.
irrespective deals show that these
properties are on the Morgan list. and
the announcement was made today
that an cffer of sl4,000,000 had BEEN
made for Lehigh Navigation.
".Iohr. c. Haddock, a leading ,per-
ator at Wilkes-Barre, whose mines
are located at Forty Fort. on the
west side, said today:
ft,af lao 4 .a .
and investments would take up all Of
s19O,OOo,OOO. That may be true. as the
properties in sight are immensely val
liable, and the prospects are that If
they DO not sell they will be crowded
out on the transportation.
.. There is always such thing as u
lack us cars or failure of motive power
on the part of railroads, and opera
tors will have their price when APP
preached.
1.-The Individual operator is, hear,
open to tenders, and the movement is
quite extensive. 1t covers the field y
SORROW IN PITTsBURG.
"The absorption of the Pennsylvania
Coal company of Scranton by the an
thracite coal roads caused the keenest
regret in Pittsburg, as one more DOS
sible independent outlet to the sea-
board is thus blocked" says the Pitts
burg exchange. 1T was said to have
been the scheme of Brenton yelling,
the New York promoter, who has in
terested himself in the local rate sit
uation, to have secured several small
roads, link them up with the Delaware
Valley e. Kingston railroad. proposed
h1-
and build enough new line to bring the
road into Pittsburg. The fact that the
Pennsylvania Coal company, the richest
| private corporation of it's kind in the
| state, had determined to build q line
of it's own gave encouragement to those
| striving to gain an outlet here.
1T is said that routes We're surveyed
| toward Williamsport. and that it was
the hope Of the New York promoter
that the Pennsylvania Coal company
could be induced to assist in building
| to the west in connection with the
| Pittsburg interests desiring an inde-
pendent outlet The big anthracite
| coal company was interested in the
scheme by the independent operators of
the hard-coal region, and plans had
been matured for line from Kingston
49,
was the intention to build later west
ward to point near Williamsport and
| that the rest would be easy"
OvERSHADOWED ALL.
The event of greater Importance
| which overshadoWed all other occur
rences of last week, was the change OF
ownership of the Pennsylvania Goa
ycompany, which. in passing into control
| of the Erie, was Il matter of vital inn
! portance and direct and great stride
| in the direction of concentration ol
ownership Of the Pennsylvania anthra-
cite coal fields, besides removing ap-
prehension regarding building of the
proposed independent coal road, rights
to which, owned by the Pennsylvania
Coal company, are by transfer of the
latter turned over to the Erie.-Phila-
! delphia Stockholder.
| Newest Calendars. Reynolds Bros.