The Montgomery advertiser., 1903-01-13

| been reported for some time that the Vanderbilts have been buying the stock, | and 1t would not be astonishing any day to hear that one or the other or both jointly will be in control. Hooking Val ley is another road which, 1t is believed. will soon be jointly held by the Penn | sylvania and the Vanderbilt interests"
 A New York Opinion.
 New York financiers also see in the | transfer of Reading control a further , ance of the harmony plans. One promi- nent banker there said:
 "' The only significance of the transac- | tion is the desire on the part of the Pennsylvania and the Vanderbilts to maintain the status quo. That these two financial interests have worked in | harmony for a long time Is a well-known | fact. and 1t Is believed that neither one | would take any step that would antag onize the other.
 "'All indications point to the fact that distinct understanding has been arrived at by these two large railroads to main | tain their supremacy in their own dis trlcts against all invasion, and the au- thority asked by the Pennsylvania to | double its capital stock and bonded debt Is an additional move to insure this. Such an arrangement will be of inestimable benefit to New York city.
 " Tn working out the policy of control ing between them all the trunk lines east of Chicago except the Wabash 1t Is pos sihle that the Erie will be the next road to which attention will be paid. It has been reported for some time that the Vanderbilts have been buying the stock, and 1t would not be astonishing any day to hear that one or the other. or both Jointly, will be In control. Hooking Val ley is another road which 1t is believed will soon be jointly held by the Penn sylvania and Valderbilt interests
 Gould Barred from New York.
 'It is now practically impossible for the Gould interests to gain New York en- trance for the Wabash system. Control of Lehigh Valley. while still in doubt, appears to vest in those interested in this new coup. The only other lines Availa- ble for the Goulds would then be Erie and New York, Ontario and Western. The latter reaches New York over West Shore tracks. and that road Is part of the Van derbilt system. Erie is considered im- possible, as Morgan 6 Co.,. control that, and Morgan is identified with the Penn sylvania-Vanderbilt alliance
 "OnS interesting point in the big trans action Is the practical disappearance of Reading common stock from both this and the New York market. Local beoh- CTS admit that there iB less of this stock floating than at any time in the conn panys history. Questions as to it's whereabouts remains that 1t ts locked up somewhere, George Gould some months ago denied making purchases of Reading
 Voorhees, Expects No Changes.
 ''Viee-Presidsnt Voorhes, of the Phiia- deirhia and Reading Railway Company. anticipated ne changes In the working arrangements of tho road, He said;
 |" The sale was made several months ago, although not announced until now Of course, it embraces the Jersey Central and all the mining properties, The sn- thracite output of the Reading Is about 22 per cent of the total and with that of the Jersey Central will make one third of the total anthracite production, No change is expected to be made in the executive or operating staffs of the Read Ing in consequence of the sale nor in the management, Matters win proceed as | usual As the Reading aRd the 6alti-