The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-05-24
RAILROAD NEWS
FROM ALL POINTS
Future OF the Chesapeake and
Ohio and What 1t
Can Do.
HOLDS INDEPENDENT PLACE
Can Form Alliances That VIII
Make 1t the Leading
Trunk Line,

Make 1t the LCduiiiS
Trunk Line,
Mr.. w. II. Taylor, OF Hamlet, \. "
snnerintendent Of the dining car de-
nartmcnt of the seaboard Air Line was
in the city yesterday completing ar
raneen,oAt is for looking after the com
fort of travellers to the reunion next
week.
Mr. Walter Buckner, of Wilmington,
superintendent of the southern In
press Company for this district, sPent
Yesterday III the city on business, ne
saws the question of the return OF the
company to its old stand at Ninth ana
Cary Streets is in the hands OF the
builders. The officials are ANXIOUS
enough to get back, but building opera
tons have taken on snail pace.
In these days when there is so much
growing and bowling about car short
ayc and freight congestion II is re-
freshing to hear of somebody who has
been benefited by it. a Canadian en-
change SAYS. Farmers who cussed
the railroads last winter because they
could not haul their wheat to market
should rise up and call them blessed.
For farmers who We're unable TO mar
ket their wheat have Just seen the price
of that commodity jump 70 cents
bushel. 1t is estimated that there are
about 12,ooo,o0o to l5.ooo,ooo bushels OF
wheat in farmers hands in the Ca
nadian West. That rise in wheat Will
help some"
4 . . 4 u . j
The following from yesterdays Wall
Street Journal is of intense local in
terest:
How great the changes which have
taken place in the railroad affairs of
this country during brief two years
are strikingly emphasized by the indif-
ference with which Wall. Street has
regarded the new independence of the
Chesapeake and Ohio. 1t was only in
1905 that the street heard talk OF Il
plot on the part of the Gates and Haw-
ley interests to secure first the Gin
cinnati, Hamilton and Dayton and then
tensible purpose of uniting them TO
form "a through line from Chicago to
Tidewater. Wall Streets estimate of
this plan was that it in reality con-
templated sale OF the two properties
separately to ono or more of the trunk
lines, ncaler- threat of an aggressive
rate ":ar. ,.ro day control Of the Ches-
apeake and Ohio is in the market In
much more practical sense than it
has ever been for years past. Yet the
financial community is disturbed by
no fears OF q stock market raid ia
seize control. On the contrary, If |,
has any fears, they are that large
blocks of the stock may be hanging
4 over the market
j Tho Chesapeake and Ohio stock sold
by the Pennsylvania Railroad TO New
q YORK bankers had a par value Of moro
than S15,O00,O00 The New York Cen
trails interest IS not given oiilciall,
with aay eNact:less, but 1t appears t.
be. or to have been. about $4,000 o0
par value. Thus, until the pennsylya
ma decided to take profits. not les
than Al per cent. of all the Chegap peak
ana ONO stock was tied up In tn
treasures or tho two trunk lines. TIL
question of the hour in regard +
chesapeake ana Ohio is what &c !
become Of this practically dominatin
proportion OF its stock. IT Is or III,
consequence whether the New Yor
SeItral mas already sold its hoI6inp
OF not It was safe to assume tho ,nC
ment the Pennsylvania sale M 4,
STOCK was announced that it was -
do likewise - 'orK central
The Pcnnsv,v,,ia,. ~
to a banking rr,n ,m,, lioialhss WEI
railroad. and /, &c, ,,, .,-1..eu WIN IN
sale of New WI, " r,ae, mat Il
when it is acco,nn,isha. raa holding
ried out by = si,,t; i'n.'eu WI be ca
situation is I'M, ~ ~, ~, mus y
OF Chesapeake ma on,, arrest h!ocl
,ogefhsr would mean eae ctrsa' co @"'