New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-21

committee of three which is composed of r. p.
Flower j. ID. Probst and myself. We have already
received applications for the purchase of q
very large amount Of the entire stock. but the
amount which We have is so small that there is
general disposition TO retain it and not
sell it. There has been particular
spirit of willingness TO take the stock on account
of the condition of the road and its equipment
large proportion of the road-bed is laid with
steel rails, which are in good condition. Besides
we believe that California has turned the corner in
business matters and after giving the subject
considerations we are convinced that the road
will earn moro than per cent in the future very
large proportion of the earnings we expect will con
Time from local business, which israpdly increasne
and in this respect il is believed the road Will soon
rank next to the New-York Central'
WHAT W. b. LOCKWOOD SAYS.
w. b. Lockwood of r. =. Flower q Co.. said:
"As Mr.. Flower has the managing of this matter
do not feel at liberty to state the particulars. |
will say, however. that the stock will be
on the market early next week, prob
ably on Monday 1t was expected that the stock
would have been on the market last Monday, but
arrangements could not be completed in time. The
stock has heretofore been held Governor Stanford
Mr.. Huntington. Mr.. Crockcr and others, the
original builders of the road. They have received
TO part with it. Several times during the
last eight or ten years efforts have been made by
prominent bankers of this city to OBJ
tain the placing of the stock upon the mar
kct but it has not been possible TO
induce the holders to part with it until now No
pressing reason influences them in parting with it
at this time The chief reason Is that good invest
ments are in demand, and it will command
good price in the market. There is no cause why
It should not be worth as much as Union Pacific,
which Is selling Mt 81. The price will, of course,
depend much on the demand. Ny impression is
that whoever buys it under 80 will make money,
but whether it will sell for so less cannot say.
10 will be put upon the market in good faith,
so that all persons wishing to bnv viii have equal
opportunities for doing so. There will be no under
head work about it, Since it was known that we
w0re TO put it upon the market. / have had
orders from persons to buy the stock for them But
have in each case refused stating that it could
only be bought openly, and have told them to
send in their orders through their brokers'"
not AFFECTING HE CENTRAL.
prominent member of the Syndicate said
last evening: "Ths sale will not in any
way affect the management of the road. 1t
is the sale of only 900 sshares out
of nearly 100000. The design is to
mako what is quiet stock active one.
The Central Pacific stock has been upon what is
known as the free list and now it will,
doubtless, be FRI ely dealt in. 1t is good, safe
stock, has been paying per cent, and doubtless
could pay more. The matter of syndicate was
brought to my attention about week ago. and
as | knew it was good investment | at
once took as much as | could get wish | had
more of it. The papers were signed to-day.
Mr.. }. ID. Prince has the largest share in
the transaction aud Mr.. Flower the next. Tho
transaction is for cash for the first 10000 shares,
and the option is for cash also when delivered