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Show GOTIIAJM GOSSIPING ABOUT HAWLEY GETTING FRISCO Sperial to The Tribune. SEW YORK, Nov. U is stated around the big hotels here that" negotiations negotia-tions are under way looking to til sale of the St. Louis Pa.n l-tanelsco linos, with iheli OSoO miles of road, by the. Rock island company. Tt Is claimed that the preliminaries have all been disposed of and onlv the exact terms of the sale remain to be settled. All of the parties to the transaction, which has ramltl-enlions ramltl-enlions extending from the Atlantic tu the Pacific and from Chicago to the gulf, are reticent, but well substantiated report and evidence pelnl to Edwin Hnwley as their purchaser. The first Intimation nf tho action now snbl to be under way came to Ihc financial finan-cial district with the pnrehao by Mr. Hnwley and it. K. Yoakum a short time ag-i of the Mlssoviri. Kansas k Texas, a competitor of the Prlseo. At tho same lime It was said that Yoakum a.nd his associates, the "big lour" of the Rock Island. Djniel G. Rled. George W. Moore and Hobart Moore, weie not in accord. The promptness with which tho Rock Island Is-land denied reports of the purchase In Its interest lent substance to the story. in the great multitude of minors in connection with the atTnlrs of the Frisco sah are ihe names of Kdwln Ilawlc.v, George Gould and R. V. Yoakum. It la known that the Rock Island Interests have obtained a largo Interest In the Lehigh Le-high Valley, iiuoted as high us 200.000 shares, or -T per cent of the road's capitalization. cap-italization. Gould, owner of (he Wabash, and Ilawley have always been closely allied In Ihe Southwest, and It Is Inferred that the Wabash will not be leased cither lo the Rock Island or to the Lehigh Valley, or both, with the acquiescence of Ilawl'ey. In a nutshell. It Is lwllevcrt that the Frisco lines will go to Hawley and Yoakum as part of an agreement that the Wabash bo leased lo the Rock Island Is-land and the Thlgh Valley. It remains to 'e seen whether Gould will keep the j Western Pacific or whether he will fell it lo the .lames J- Hill Interest and the Great Northern, as Tlawlcy Fold them J the Colorado & Southern. Railway Notes. George .1. Gould, president of the road, made the following statement regnrdlng the new flotation of $t"S.ft0n,000 of Ml3-.ouil Ml3-.ouil Pacific bonds recently: "The Missouri Pacific Railway company com-pany will become an Integral part of an Important transcontinental lino oxtendlng from the Mississippi river at St. Louh through the heart of the American continent conti-nent to the Pacific coast at Son Kran-cisco. Kran-cisco. aside from the control which It already possesses of n nyatnm of lines extending through tho southwestern states to the Mexican holder. Tt Is the bpllef of the management that the execution exe-cution of this mortgage will provide the financing machinery necessary fully to develop the territory occupied by tb company's lines, and will permit the in-annuratlon in-annuratlon of a betlTmcut programme resulting in the economical handling of all business. The authorized amount of the bonds Is conservative and Is justified bv the increasing business handled in thn past ten years, nnd the present rale of development of the territory traversc-d j by the company's lines." I'onfirmatioii of the recent repoils to Hie effcet thnt the Atchison. Toneka & Santa Ire Is considering the proposition of double-tracking lis line from Chicago to the Pacific const is contained-in slal-nienls slal-nienls made in Los Angeles recently by W. II. Ilodgfs. vie- president of the road. "While no concrete plana hnve yet been formed." snfd Mr. Hodges, "tho Santa To will In the near future double-t.mck Us entire system from Chicago to the Pacific Pa-cific coast. This Is necessary because ihe enormous increase In business In tho last fourteen years taxes the full capacity of the single track," The steel makers are considerably concerned con-cerned oxer Importations to Pacific const points. They say that under the existing tariff and freight rates, foreign makers havo an advantage of $S a ton; a differ-once differ-once altogether too great for them lo meet, with any profit. They arc therefore there-fore asking tho transcontinental rouds lo help thorn out by reducing freight rates. Cp lo tho precept ttmo the foreign orders placed hnve been only for bar and structural struc-tural ste-l. RhIIs may be kept out of this market foi fear of whnt t lie American Amer-ican niakeis nmy do In other markets, wh'-ro the foreign makers now have It their own way. ) |
