Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-07-28
RAILROAD RUMORS.
Rock Island Reported tobe Burying
Frisco Stock.
AND MAKING OTHER DEALS.

Men in railroad circles have been
watching the doings of the Rock Island
recently with a great deal of interest.
Persistent rumors and reports of vari-
Gus acquisitions planned or consum-
mated have continually vibrated to all
parts of the globe. The most recent
report is that the Rock Island is plan
ming to take over the Frisco. This
report gained some credence a few
weeks ago and has again come 70 the
public's notice.
The common stock of the st. Louis
& San Francisco rairoad advanced az
points last Saturday, with heavy buy
ing and rumors of prospective control
by the interests dominant in Rock
Island. Rock Island stock, which had
been shooting skyward for some time,
eased off ~fractionally, but received the
same powerful support as heretofore.
The rumor of an attempt on the part
of the Rock Island crowd to buy Santa
Fe was o credited in well informed
quarters, but the Frisco rumor, which
took its place, vas generally believed
to have a substantial basis.
The desire of the Moores and their
associates in Rock Island control to Sc
cure the Frisco mas been known for
some time. The Rock Island had, pre-
vious to that time, run surveys paral-
Icing a considerable part of the
Frisco lines and was threatening to
build extensively in Frisco territory
unless it was permitted to buy that
road. These same tactics had been
adopted by the Rock Island in the pur-
chase of the Choctaw and succeeded
them. They doubtless had considera-
BILE weight with Frisco stockholders
and it is not improbable the Moore in
terests have succeeded in acquiring a
heavy holding in Frisco during the
past few months without going on the
market for it.
1t is possible that the next few days
will see the completion of a close
traffic arrangement between the Chi
cage, Rock Island & Pacific and the
Mexican Central railroads, which will
enable the Rock Island TO run its
trains direct to the City of Mexico. II
is intimated that if the plan now under
consideration is carried out the Moore
Bros. will become financially interest
ed in the Mexican Central, and that
the Rock Island will have representa-
ton in the directorate of the Mexican
Central line The Moores may also
lend a helping hand financially in car
rying out Mexican Central schemes oil
extension and reconstruction.
Rock Island officials here deny that
the plan of building the Chicago, Rocl
Island & Gulf railroad has been aban
doned. The line will be pushed OIL ,c
the gulf.
The immediate reorganization of the
Mexican Central, it is understood. has
been interfered with through the re
fusal of the Mexican Central Securi
ties company of London to accept thu
terms OF the management. 1t is no
expected this refusal will cause thu
reorganization to fail entirely, al
Though there may have to be som
changes made in the present plans.
The Mexican Central Securities, linn
tied, was organized in London in 1885,
for the purpose of acquiring the 4 pc
cent consols of the Mexican Contra
railway, and issuing in exchange TO
each $1,000 A per cent bond deposited
G102 in A debenture, bearing 4 pc
cent dividends, and e102 in B de
Dentule stock, bearing 4 per cent divi
derds when earned. The consols ar
of a total authorized issue of $66 ,649,
900 first mortgage, secured by a direc
lien upon the entire property Of TIL
Mexican Central, consisting of 2,15
miles, subject only to about $2I7, 600 o
prior bonds.
What amount OF the colsOls are hel,
by the Securities company is no
known. The statement, however, tina
it controls a large majority is denied
The company has issued 93,Si0,606 /
each class of stock in exchange 10
bonds deposited. This would seem t
indicate that the company holds les
than $40, 000, 900 of the consols.
81 am using a box OF Chamberlain
Ctomach and Liver Tablets and fin