The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1902-04-29
CONSOLIDATED R. R. STOCK
TOUCHED 255 IN ITS YESTER-
DAYS FLIGHT.
Approaching Its Record Price of 1928
"A Variety of Reports and Rumors--
Holdings of the stock In Various
States,

"A Variety of Reports and Rumors-
Holdings of the stock In Various
States,
Consolidated railroad stock rose to 255
yesterday it's highest point in nine or
ten years. 1t fell back at the close to
249 and closed at 24S bid, $50 asked.
A variety of reports were circulated
to explain the strength of New Haven,
New York Central and Pennsylvania,
one of these being a continuation of
the story that the first named is to be
acquired either by the Pennsylvania
alone or by that company and the New
York Central jointly. Last evenings
New York Post says of the rise in the
stock: Coates was credited with taking
large amounts of New York Central,
while an operator who is closely identi-
fed with the Vanderbilt family, but
who undertakes many market move
ments on his own account, was thought
to have bought both Central and New
Haven He also did most of the buying
OF the Delaware and Hudson, as he has
done many times before. All of these
movements were lLOuSnb vi VIC llc'i
of the exchange to be purely manipula-
tive, undertaken, perhaps for the pur-
pose of keeping the market steady
All sorts of interest in the stock is
of course to be expected from the hap
Ply holders of it, and the brokers' offices
here, as well as in various other places,
were besieged with inquiries on the
subject.
An interesting dispatch on the sub
ject was received here yesterday after
noon from Frank Cooley, broker IN
Hartford. This dispatch was reply to
an inquiry from Kimberly Root x Day
here as to what was doing in the stock
in the capital city. The dispatch said:
II talked with two directors of the
road this forenoon. Both think that the
stock will go higher-probably to 800"
An interesting fact is that with the
stock at the present high figures none
seems to be coming out. All owners
seem to prefer to hold with the view
that the stock may go much higher.
Everybody of course would like to get
the top figure If they sell. Those that
with the rising figures of week ago
We're tempted to sell are sorry now and
wish they had waited.
Last evenings New York Mail and
Express says: New York Central |
New York, New Haven and Hartford, |
and Pennsylvania buying continued at |
higher levels, the belief gaining ground |
that the Pennsylvania interest in New |
Haven has been largely increased, and |
that deal is on foot affecting control |
of the latter as rumored for long |
time"
An interesting dispatch from New Ha-
ven yesterday afternoon to the New
York Evening Post says: THE rise of
New York, New Haven and Hartford
railroad shares accompanied by ru-
mors of purchases for control, has /
aroused interest in the matter of local
ity and amount of the stockhodings of
the company. The last official state
ment on the subject was made in the
annual report of the company in 1900,
which gave the geographical distribu-
ton of stockholders as follows: In
Massachusetts, AGO stockholders hold
ing 193259 shares; in Connecticut, 2,5SS
stockholders with 1888 shares; in
New York 1,472 stockholders with
16S,S94 shares; in Rhode Island, 444
stockholders with 22962 shares, and in
other states TAI stockholders with
49, APO shares. Total, 9,405 stockholders
with 546,S54 shares. Since the foregoing
official statement was made an officer
Of the company has said that the drift |
of transfers of stock has been some
'In general the $16 1897, 200 of deben-
lures convertible next April into 1892 |
shares have been distributed like the
but somewhat more con-
ntrat ted. The ten insurance companies
Of Hartford hold 1884 shares of the :
stock and debentures calling for 9,469 !,
shares more. The largest single hold !,
ng of shares in this city is $500 shares
belonging to an estate" :