New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-19
BUYS THE HUCKING
VfUE.EY GETS {. 4 %.
OUTLET no LINES.
Ncu Yorf Ccntral Shares on
Roads Di5iSi;oa for .fRothcT
Rome to Coal Fields.

ROWIc Ia fOM Z Mus
,,.,..r,i ~ the llochng Vale. RAM
,., ae,,r negotiations extending "Nei
..,,r,,l mouths. has hocn sccurea e, 'ne
,.,,,.,n,.,kc A Onio, Inch thus oh'ai'is
- connection with other roads ~ IN"
lgsu,., system and its outlet 10 t-'
,,reot lakes 80 T'lclu. The arrange
,.,..,t involves a q >m,mhcrmcnt Of the
,s,,l,mc Nallc, system, tho Lake Shore
4 Ni.higar southern bcing associated
40, al, thesapcake a ohio in tho puT-
chase. ~ qppcors from The following
,.Fcisl statement issued late yesterday
afternoon
.Tgio Lake shore hu,s tho Toledo e.
,tio central and the GAINESVILLE a West
crr The ,hcsanca6e A ohio lfu.s from
49, other trunk lines thcir holdings ~
liking Valley stock ana tho Lake
.h,,s and the Chesapeake e. ohio acquire
-, kcnav n a. Michigan stock for
B,.,ly osned hy thu Hooking Valley"
an, Hockug Valley system comprises
en- roads. traversing ohio southwark
srom Toledo and extending into West
N7rcinia a. q connection with the Chcs-
sue.ke a ohio Tho Hooking Valley
railway proper. With 3N5is miles ~
main line and trackaee and ~ miles
NJ branches runs from Toledo through
columbus "a Athens and PomcroN,
OHIO Tho Toledo A. Ohio Central which
rarallels the Hooking Valley for hong
distance. also has its northern terminus
81 Toledo. and ends M Corning. IN
southern ohio. with branch from
T9.urston a. Columbus. The total length
lf ,he line b,ing s4i miles
Thus line New York central system
and the HaWlel system maN be- regarded
o. equal participants iu Tho Hooking Val
- dh's'ou, each securing a line from
Toledo through columbus 20 Conncc-
son with the NanaNha A. Michigan. tho
control - which has been purchased by
ilem Jointly. aud which Will give tho
Vow York central. through the Lake
Shore, another entrance into thu coal
fields of West Virginia. experimenting
no recont arrangement bv which tie
P'ttsburc 4 Lake Erie. % The New York
central system. is 90 he connected with
tnf western Maryland Railway.
Etor moro important viii he tho ben-
en- to u.e Chesapeake A. ohio. which
heretofore has been isolated from tho rest
OF mo HaNlc, system. For an Toledo il
viii Do connected with the Toledo -.
louis a Western the clover Leaf.
which ~ -. Louis connects with the
Chicgo a. alton. acquired by the clover
Leaf boa tho summer ~ 1907: Al 81
Louis and Kansas CITY II connects with
Tho Missouri. Kansas a. Texas. control
81 which Was acquired by Mr. HaWley
and 3. Noakum i'm association with
tho Spoyers last October: al 81 Louis
end Kansas city also with the Frisco
system which .n December PASSED into
the control ~ syndicate az which
Messrs. HaNley and Yoakum are mcm-
hcrs. and which, like the Katy" extends
io the Gulf ~ Mexico: and az Kansas
tty with the Kansas City. Mexico &
orient road. which a few months ago
made 4 long term traffic agreement with
ne Alton effective upon the completion
oi trc orient road a year ar 50 hence.
"nen mo HaVlcy system viii have an
cutlef 10 tho Pacific Coast
ono link remains L. he acquired =
ern terminus ~ the Chesapeake & Ohio
and chicago. and this is expected 10 be
arranged by the purchase Of the Chicago.
Cincinnati A. Louisville. now controlled
by Newman Erb and his associates.
Tho Hooking Valley has Sl5.esp.Oeo
preferred stock. subject 10 Cau m par.
and 81 shi0sp common stock. which
represents tho control The common
!esterds: advanced q points. closing al
l24 of the lloW,0 shares Of that is
go go 2io. on more than majority.
were sold hy J. y. Morgan & Co. i'm l9O3
10 four railroads at price netting the
former holders sO3 share
Tho purchasers were tho Panhandle
rosd ~ the Pennsylvania system. 23OSo
shares or onesthird. and the Chesapeake
olio The Baltimore A. Ohio, the Erie
and tho Lake Shore each one-siXth. or
l'4" shares The Chosapoake A. Ohio
bow becomes the owner of the en-
tre oa.2io shares. The purchase was a
cash transaction. b. Is learned. as was
the purchase Of tho Toledo a. ohio Cen
ia snd ether holdings 10y the Lake
shore. Tho directors Of the Chesapeake
Ohio on ThuFsdav called "A special
heeiing - Stockholders for authorizing
an Increase of me capital stock by about
80 .-s1Wfo and an issue of convertible
BONDS bon me same amount. and il is
supposed that Tho Hooking Valley pay
meni Vil D, made from rho proceeds af
mo new securities
Practically aI ~ the SG.50ossbo COM
mon and S3sos so preferred stock 81
Ni' Toledo d ohio Central is owned by
Hooking Valley through another cor
l'"'i'n. and the Toledo a. ohio Central
'uin owns a majority ~ the Sl0VsD.-
STOCK ~ the KanaWha a. Michigan
'i.a ~ the ee.sgBsSo stock ~ the Zanes-
'll' Western
''u'nous' Ohio March u Attorney
General benman said to-nirht tnat the
i" me Hooking val.e, would have
a. on me custer Proceedings which
- - Irosecgtea successfully.