Evening star., 1901-04-01
AFFAIRS OF THE SEABOARD
IMPORTANT DEVELOPMENTS EN-
PECTED At An EARLY DAY.
Large Blocks of stock Purchased Re-
Gently by New York Parties
The Connections

1t is the general opinion among those
bankers who keep advised as to the move
ments in railway stocks that some very
important developments in the affairs of
the Seaboard Air Line Railway Company
are about TO take place. Ii has until quite
recently been the boast of the capitalists
in Baltimore that controlling interest in
the Seaboard Air Line system was held
there. and that there was no possibility of
a change of ownership for at least ten
years. Now. however. the tune has
changed. for it has been ascertained that
for several weeks past New York parties
have been large buyers of both the prefer
red and common stock of the road and in
fact. the Baltimore market has been pretty
well cleaned cut of the floating stock. none,
or at least very little. being returned TO
Baltimore
There are all sorts of rlImors as account
ing for the large accumulation of SeabOard
stocks by New York houses. The Pennsyl-
vania railroad. the Louisville and Nashville
and the Southern railway are all credited
with buying. and IL goes without saying
that those who accumulate thousands of
shares have some object in view. and there
will no doubt in time be explanatory de-
velopments.
Those who have given the subject con-
sideration incline to the belief that the
Louisville and Nashville is the buyer of
Seaboard Air Line stocks. and that while
j
will get enough TO insure that both ROADS
will work in entire harmony.
The Probable Outcome.
If the Seaboard and Louisville and Nash
Vile should make a close traffic alliance
they will. it is believed, make things in
teresting all the way from Washington to
the extreme south and southwest. Such an
alliance would be perfectly logical. The
Louisville and Nashville and the Seaboard
connect at Montgomery. Ala. and at River
Junction. Fla. and. through the Nashville.
Chattanooga and St. Louis In Atlanta. Ifthey
work together the Louisville and Nash
Vile Will reach Tampa, Jacksonville. Savan-
nah Wilmington. Portsmouth and Rich
mond while the Seaboard will be enabled
TO reach New Orleans Memphis, Louisville,
81 Cincinnati and st. Louis.
What effect this would have on The South
ern and Louisville and Nashville mail
route from Washington to New Orleans 10
one outside the management can say. The
Southern appears about TO get It's own line
into New Orleans over the Northeastern
from Meridian Miss. The route from Wash
ington to New Orleans by way of BirmIng-
ham and Meridian is only twenty-five miles
longer than the route via Montgomery and
Mobile. 1t Is believed the New Orleans ard
!. Northeastern. If secured by the Southern
will prove to be very valuable to 1t, for fiCt
only will it give the latter it's own rails into
New Orleans from Cincinnati and Wash
ington, but it will make the Mobile ant
Ohio, the Southern's latest acquisition,
strong line from st. Louis. This route i:
only mile longer than the Illinois Contra
line between St. Louis and New Orleans
1t is believed that more things than ap
pear on the surface, however, are involved
in considering the possibility of the South
ern and the Louisville and Nashville
breaking the existing mail route.
Proposal to Cincinnati Southern.
President Spencer of the Southern Rail
way Company has made another PROPOSE
tion to the trustees of the Cincinnati