New-York tribune., 1901-02-06
MANY RAILWAY RUMORS.
CONSULTATIONS POSSIBLY FORECAST
ED IN STOCK ADVANCES.
REPORT THAT THE SOUTHERN MAY GET TIE
PLANT SYSTEM-LOUISVILI4E AND NASH
WILLIE AND THE MONON.
LIEUT-GEN. ". A. MILES.
Copyright 1859, by B. J. Falk
kAJoR-GEN. 8. 3. N rouNo.
II market advances In railway stocks be sig


II market advances in railway stocks be sig
nifcant Of coming consultations. important
projects are impending in many quarters. For
such net gains were made yesterday AS per
cent in Chicago and Eastern Illinois common
and IL in the preferred. 21a I'm Iackawanna.
Az I'm Evansville and Terre Haute. 37s in Hook
ing Valley common and per cent in the pre-
ferred. 2X in Lake Erie and Western. 9a4 in
PENNSYLVANIA Railroad. is in Peoria and East
ern. 2l5 In Minneapolis and st. Louis. IL IN
Missouri Pacific. rs in Reading first preferred.
IL in st. Louis Southwestern. IL IN Southern
Pacific, IL in Union Pacific and 2Is in Della
ware and Hudson.
Some OF these advances were. indeed. accom-
panied by rumors Of combination. the most
definite report affecting Chicago and Eastern
Illinois. II was at first said that control Of
this road had been secured by the Missouri Pa
eihc, bat later opinion inclined 20 the Heller
that IL had passed TO the 81. Louis Southwest
ern. which is Of the lines Of the Missouri
Pacific system. The Chicago and Eastern Il
linois has Sc 197. 500 common stock outstanding
and 81 $50 700 preferred; and it paid in 1900 IA
per cent dividend on the common and per cent
on the preferred. 1t operates a total Of Ill
miles OF road. its line extending from Chicago
where IL has valuable terminals, 10 Terre Haute
Ind-whence "A bra 1ch runs northward TO La
Crosse. Ind.-and TO Thebes. Ill. the Missis-
sippi; and IT runs through the b!tuminous coal
fields Of Illinois and Indiana. Just across the
river from Thebes, the Missouri shore. is
Gray's Ferry. one of the northern termini Of
the St Louis Southwestern. the other being at
Birds Point opposite Cairo. III. The Missouri
Pacific and the Chicago and Eastern Illinois
have long interchanged traffic across the Missis-
slppl River by car ferry from Gray's Point
these two towns was secured some time ago. and
IT is understood that the bridge Will be imme-
diateIy constructed
The control of the Chicago and Eastern I'LL
nols. It seems evident. would give the Missouri
Pacific a desirable through route to Chicago for
its lines in the Southwest. No confirmation or
denial Of the report Of change Of control OF the
Chicago and Eastern Illinois could be obtained
yesterday from II. II. Porter chairman of the
Board Of Directors os that company. or from
officers Of the Missouri Pacific
The Chicago. Indianapolis and Louisville Rail-
way Ohe "Monon" route). control of which last
week rumored TO be about TO pass 10 the
Southern Railway Company. is now said TO be
likely TO go to the Louisville and Nashville The
'Monon" extends from Chicago to Louisville.
the present terminus of the Louisville and Nash
vile, and to Indianapolis. The total length of
line operated is $40 miles The "AIonon' has
$l0,500,OO0 common stock and $5.OOOOOO pre-
ferred. The Louisville and Nashville operates
5.1SS miles Of road in ALL and it reaches such
important points as Nashville. New Orleans
Pensacola, Memphis. st. Louis and Cincinnati
Still another absorption reported TO be in nego-
tiation is that Of the Plant system of railways
in the South which system. according to rumor
is likely soon TO be taken over by the Southern
Railway Company. Included I'm the Plant sys-
TEN. owned by the Plant Investment Company,
the Savannah Florida and Western Rail-
way. extending from Savannah TO Tampa Fla
with branches to cambridge and Albany Ga:
Jacksonville. ChattahOochee and Gainesville
Fla. and Jacksonville to Sanford. Fla: the
Alabama Midland. from Bainbridge, Ga, 10
Montgomery. Ala: total length. including
branches. POS miles, and the Florida Southern
Railroad, from Palatka to Brooksville and from
Barlow to Punta Gorda. Fla, a total of 24S
miles, including branches.
The sustained strength of Atchison in the
stock market leads Wall Street to continue Ia
believe that this great system Is before long 20
come under the influences now dominating all
the other railways in the Southwestern terri
tory, and the prevailing theory seemed TO be
that the AtchisOn would eventually be operated
in intimate relations with the Southern Pacific
proper, the Union Pacific taking into Its own sys-
TEN the Central Pacific, which gives IT its en-
trance into San Francisco from Ogden
One Of the minor railroad rumors was that
control OF the Lehgh Valley had been secured
by the Delaware, Lackawanna and Western a
report which was promptly denied by President
Truesdale, OF the latter company; and then
that II might be taken over by the Erie or pos
sibly the Reading. in both OF which companies
as in the Lehigh Valley. the banking house of
]. p. Morgan & Co is the dominant Influence.