The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-07-05
RAILROAD NEWS.
Moore Bros. Said to Be After
Illinois Central.
Stock in That Company Makes
Rapid Advances.
WANT A GULF LINE.
That is the Desire of the Rock
Island Men.
Rock Island st. Louis Terminal
Company Incorporated.

New York, July 5.-A rise of points
in the stock of the Illinois Central Rail-
way company to 1641z on extensive pur-
chases, said to be mostly for the Moore
Bros. of Chicago, was the cause of mucn
conjecture as to the cause thereof, ana
numerous reports were current OF an
other big railroad deal in progress
The stock had a rise of to points
a few days ago on the strength OF the
action of the directors in deciding to
issue some additional stock at par TO
existing stockholders. and then declined
again 2 to points.
1t was said in explanation of this rise
that the Moore Bros. We're attempting
to secure control OF the Illinois Central,
that they had already purchased a con-
trolling interest in the Railroad Secur1-
ties company, which owns $4,000 shares
of the common stock of the Illinois
Central Railroad company, and We're
trying to get the necessary additional
Illinois Central stock in the open mar
ket.
said, was for the purpose of making
deal with the Southern railway, the Z.
1. & L. CMonon), the Louisville & Nash
Vile, and then, through a connection
with the Chicago & Northwestern, get
a line to the Gulf from the north.
Persons identified with the control OF
the Railroad Securities company said
that the control of that company could
not be secured without their knowl-
edge, and that the control remained at
present in the same hands as it had al
ways been. 1t was possible, however, to
get control of the holdings of the Rail-
road Securities company If sufficiently
high price were paid for the stock. Ii
would not be surprising if some one
wanted to buy it around the present
prices.
The stock of the Chicago and North
western also rose about three points to-
day, and a report was current that the
Moore brothers are still determined to
secure representation on the directory
of the road, Notwithstanding their fall
ure to do so at the last annual election.
They are said to have $30,0000 900 in cash
| available for the purpose. In well in
| formed circles, however, the opinion pre-
| vailed that their purchases were really
| only part of the plan already outlined
for a new Union Pacific connection with
| the Gulf.
| ST. Louis, Mo-, July 5.-Two important
steps in the settlement of the vexatious
| problem affecting the Worlds fair and
| the Rock Island terminals in ST. LOUIS.
| have been taken by the requirement
| by the Rock Island of a right-Of-way
| in the city of ST. Louis for belt line
and the purchase of about twenty city
! blocks in North st. Louis for yards.
Secretary of State Sam B. Cook char
tered the st. Louis Rock Island Termin-
| al Railway company of st. Louis, with
| a capital of $1,000,000, consisting of 10000
shares of $500 each, on June q. The
| charter was issued late in the evening,
| and no announcement was made the fol-
| lowing day, the railway officials desir-
| ing to keep the matter quiet until they
| could perfect the purchase of the North
| ST. Louis property.
! The charter is for a period Of 999
| years. The terminal railway is to be
about twelve miles long and standard
| gauge. The road will extend from a
., point on North Market street al or near
| in T.nyIiS One fhOu-
| sand dollars have been subscribed for
| every mile of the road, and per cent OF
| the stock has been paid UP. in accord
ance with state law.
| Definitely, as stated by Rock island
| officials in ST. Louis yesterday, the ST
Louis, Rock Island Terminal Railway
company belt line will extend. in st
Louis city. from the northern city linn
it's along Switzer avenue to Thatcher av
| enue, thence through private right o.
| way, parallel to Bulwer street, and ther
along First street to North Marke
| street
From the point where the road will
| leave the northern city limits of st
| Louis, to a point at or near Olivette
| which is six miles northwest of Clayton
| in ST. Louis county, Rock Island Off
| Gals stated that the course of the bel
| line had not been definitely determin
| ed.
The directors of the ST. Louis, Rocl
Island Terminal Railway company o
st. Louis are as follows: David R. Fran
| els, W. p Kennett, George L. Sand
and j. l. Campbell, all of st. Louis
who have one share each, and M. A
Low, Topeka, Kan, general attorne,
of the Rock Island system, 116 shares
The appearance of David r. Francis
/ George L. Sands and J. L. Campbell. al
formerly connected with the Colorad
railroad and the Gasconade Construc
ton company, lends some strength t
the common belief among many fnan
cial men in ST. Louis that the Rock Is
land did not purchase the Colorad
railroad outright.
The belief is. according to several fin
anciers who have the situation in 81
Louis well in hand, that the Rock Is
land only acquired control of the Col
orado, and others state that even con
troll has not passed. 1t is also state
that the Rock Island purchase did no
include the Colorado property on tn