New-York tribune., 1901-01-22
CONSOLIDATION RUMOR REVIVED.
ROUTE FROM THE SOUTHWEST
To BUFFALO

The reports current about fortnight ago OF an
apprOa ching consolidation of the Missouri Kansas
and Texas. the Missouri Pacific and the Wabash.
to form a through line from the Southwest to Buff
fao. were revived yesterday in the attempt to ac-
count for marked advance in the securities OF
these roads. The Missouri. Kansas and Texas is
controlled by the RockefeIIers and it was reported
excellent authority that John D. Rockefeller
had yesterday caused 70 be transferred to his own
10000 shares of Missouri Pacific stock re-
Gently purchased for him-about one-thrd of the to-
tai issue the Missouri Pacific Railway Company
has outstanding S47f4s650 capital stock 1t un-
derstood that the RockefeIers last year made sub
stantial investments in Missouri Pacific. and IT is
reported that their holdings amount TO con-
troll
At any rate. it is the belief OF Wall Street that
enough of the stock has been acquired by them to-
insure for the future close relations between tho
Missouri Kansas and Texas. extending from KAN
City. st. Louis and Hannibal to Galveston.
the Gulf. and to San Marcos Tex. and the Mis-
souri, Pacific with it's network of lines in Missouri.
Colorado. Nebraska and Kansas, including routes
Denver and Omaha. In the Missouri Pacific
system the St. Louis. Iron Mountain and South
ern. the St. Louis Southwestern and the Texas
and Pacific and these roads also. which operate in
the same territory with the Missouri Kansas and
Texas would il is thought. be included in the
rangement
The Wabash at its western end reaches Omaha,
one Of the Missouri Pacific termini. and Kansas
City and St Louis. both of which points It
meets with the missouri racine ana the missouri,
Kansas and Texas. Its main line extends eastward
from these points to Toledo, with branch to
Chicago and a route thence, and also one from the
main line Detroit. from which city IL has
trackage privileges the Grand Trunk TO Buf-
falo. So that the inclusion of the Wabash In
Rockefeller control. 1t is figured. would give
through route from the far Southwest to Buffalo.
although the Street inclined believe that the
present movement in the stocks of the roads
ferred TO reflected only a cOnSOllda ton virtual
consolidation of railways in the Southwestern field.
There other rumOrS current yesterday in
planaton of the rapid advance of Missouri Pacific.
which is selling at 80 although il has not paid
dividend since 1891 One that the stock had
been cornered by John D. Rockefeller, ir-. another
that Mr.. Rockefeller had formed a pool with some
of the Gouds TO put the price of the stock. and
a third that Texas and Pacific stock was to be ex-
changed for Missouri Pacific stock a basis OF
four shares of the former for share of the
latter.
Missouri Pacific yesterday closed at 90. a net ad-
vance for the day of AZ cent Missouri. Kansas
and Texas preferred closed 467s gain of Ia
per Texas and Pacific gained Ia, per cent Wa
bash common per cent and Wabash preferred 3ss-
The Wabash debenture Bs in which class there
was extensive trading opened at 42st and closed
q. the highest price on record, and the Missouri
Kansas and Texas second per cents gained about
? points The borrowing supply of the Missouri
Pacific stock was small yesterday that II lent at
a premium of one-eighth of per cent