The Barre daily times. (Barre, Vt.) 1897-1959, 1911-12-08
MELLEN IN DEAL
FOR RUTLAND
New Haven in Trade With N. Y
Central
TO GIVE UP 0. & W. ROAD
For the One in vermont--New Grand
Trunk check---closer Relations Be
tween the Two Roads Foreshad-
owed by the Deal.
TO GIVE UP 0. 8 W. ROAD

New Haven, Ct, Dec. S.-A readjust-
ment of the traffic arrangements be-
tween the New York Central and the
New York, New Haven & Hartford rail-
road companies is forecasted by appli-
cation of the former road to the New
second district for permission to buy
the majority Of the New York Ontario
q Western railroad stock Negotiations
are also in progress for sale of full con
troll of the Rutland system to the New
Haven road.
This readjustment is described as of
utmost Importance to New England and
trunk line interests. In the first of these
transactions the New York Central, sub
ject to the approval of the New York
upstate commission, will obtain from
the New Haven a little more than half
the outstanding stock of the Ontario
& Western, of which a total of sos, 49,
9s2 has been issued at par and Of which
the New York Central will take from
the New Haven about $40, 100000.
The purchase price, 1t is stated, will
reimburse the New Haven for its orig
inal investment and pay it a moderate
annual sum in addition. II is said, also,
at the New Haven offices, that under
the control of the Ontario & Western
by the New York Central, the New HAY
en- will get more business than at pres
emit to and from New England, not only
in coal, but in general traffic to and
from the West, which the New York
Central may throw upon its newly ac-
quired line at Ontario Junction in west
ern New York state.
The Ontario operates a trackage,
owned, leased and operated under traf-
fc agreements of more than 500 miles
of single track and 54T miles Of track
age, Of which So miles, from Cornwall,
n. Y, TO Weehawken, is under track
age agreement with the West Shore.
The Ontario last year carried about 9
per cent OF the whole anthracite ton
mage produced in the Pennsylvania coal
fields It's Scranton, Pa, branch, its
large coal carrier, has recently been ex-
tensiyely double tracked and the coal
business increased.
The second transaction is the pro-
posed purchase by the New Haven Of
the other half-share owned by the New
York Central in the control of the Rut
land system, paying the same price as
was paid some time ago for half
share, or, as was stated at the time,
about $2,500000 This control Is pur-
chased now, not directly by the New
Haven road, but in the interest Of the
Vermont Valley railroad, Vermont cor
poration which has the charter right
to own the stock of the Rutland rail
road.
By this purchase the New Haven will
acquire fun control of the Rutland and
by connection Of the New Haven road
with Montreal and Canada via the Rut
land, new step will be taken against
the Grand Trunks southern New Eng
land enterprise connecting with ProYi.
denee as a terminal.
While the New Ravens financial gain
by the Ontario & Western deal is re.
garded here as one motive for the trans
action, emphasis is also laid on the
closer relations of the New Haven with
the New York Central which the deal,
as well as that with the Rutland, sug-
gests, and also the apparent change in
the New Ravens policy of rapid ex
tension.