The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-09-21
Cynical About
Sale 81 s. q
vgELL STREET scEMTs BIG.
crock gfILoApINe-HARRt
MAN MAY SELL OUT: II

NEW YORK Sept 2L-The new.
Baltimore and Ohio deal Is the topic
1of almost general discussion in Wall
street, and speculation as to the sig
nihcance Of the latest move a
scarcely confined to the financial quar-
tera. There were no developments
that could be learned yesterday as
Nj. Hartman was ont oft he city
and Kuhn, Loeb'& co. would say moth
ing further than that negotiations are
proceeding. Large commercial inter
ests are directly concerned with the
report that the Union Pacific in fight
ing Gould will make Baltimore aud
not New York its seaboard terminus.
To New Workers it argued a contin.
ued loss or the ports commercial Inn
portance as a shipping port. To hols.
es with western connections 1t con-
yeysd a hint OF Baltimore's coming
supremacy as the destination of west
ern freight bound for Europe. To
Wall street the report that two trans
continental lines we're headed for
Baltimore seemed to n~ecessitate a
change Of calculations as to the future
earnings of great railroad properties.
Hartman is more directly concerned
with the development of the Pacific
coast cities than with the rivalry Of
eastern cities.
Doubt Confirmation of Deal.
Gould is committed to an Atlantic
seaboard port at or near Baltimore.
Cassatt is thought to be working in
the interests of Philadelphia, while
maturing plans for a great terminal
port at Montauk Point, L. l. In all
these calculations New York has been
omitted from the consideration of fu-
ture developments. These aspects of.
the situation are. based upon the sup
position that negotiations between
Harrim N and Kuhn, Loeb & Co. for
the Baltimore and Ohio stock recent.
ly sold by the Pennsylvania will go
through. 1t seems accepted, although
there is a doubt in some quarters in
spite Of the practical confirmation Of
the deal as announced by the banking
house Of Kuhn, Loeb & Co.
The Wall Street Journal says to-
night: "Cyntc1sm is the keynote Of
the comment around the street on the
contemplated sale Of a large block Of
Baltimore and Ohio by Kuhn. Loeb &
Co. to the Union Pacific. There are
two divergent views, the first that E..
II. Hartman. has found his new world
to conquer, and that he intends to
prosecute the conquest with the same
restless energy that he has put into
his conquest of the west.
1.-THE second view is the more vide
spread. It'll s that the sale Of this
stock to the Union Pacific Is quite a
different proposition from the original
gale Of the Union Pacific to E II. Har'
riman and associates. or the sale OF
the Huntington holdings of the South
ern Pacific to the Union Pacific.
"The difference lies in the fact that
e. H. Hartman and his associates
have been heavy holders of Baltimore
and Ohio for many years. If the I'm
ion Pacific makes an offer for the
stock of the Baltimore and Ohio held
by the public, these gentlemen would
probably not be the last to deposit
their stock under such offer. In 9th.
or words. a purchase Of Baltimore and
Ohio stock by the Union Pacific may
mean a sale-more or less profitable
of the same stock by some of the d.
rectors of the Union Pacific.