St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-12
BULLS BRIGHT GOLD.
Four Millions Of 1t Go to PuP-
chase Elevators in
Duluth.
Customs officers Capture Two
Notorious Smugglers OF
Opium at Tacoma.
The Northern Pacific Train
mems Strike Is Involv-
ing the Engineers.
Democratic Senators Decline
to Be Arrested by Repub-
lican ConspiratorS.
Special TO the GIobe.

Special TO the Globe.
DULUTH. Minn., Dec. 1I.-Early this
afternOtA private telegrams were re-
ceived by prominent grain men from
Chicago parties making inquiries re-
garding the sale of Duluth elevators.
These were supplemented by later ones
announcing that the deal had gone
through. and an evening paper pub
liShed Chicago special announcing the
sale to an English syndicate for $1,000
600 of all the elevators on this side of
the bay. The companies whose eleven
houses are in Duluth are the Lake Su-
periOr Elevator company and the Union
improvement and Elevator company,
the former having capital of
S9l2,6O0 and owning elevators
B, C, d, G and l and warehouse
No. having a capacity of 100000
bushels, and the latter capitalized at
S6OO.OOO. owning elevators E. F. H. and
warehouses No. and 3. with capacity
of 100000 bushels. The prominent
stockholders who reside here are absent
from the city at present, but several
are known to be in Chicago to-day,
notably c. II. Graves, who is expected
home Friday. Treasurer Ripley, who
is also superintendent, was seen, and at
first denied everything. He said there
was no deal, no negotiations, and that
nothing like
SALE WAS COTENPLATED.
He afterwards admitted that there had
been correspondence for nearly a year,
and that an option was still in force
with some agents of English buyers.
Other stockholders confirmed this. and
said that an option still good was held
by foreign parties through CHICAGO at
tOrneyS. but tnat if the deal had finally
been consummated they had not been
officially notified. 1t is believed here
by conservative grain men that the four
million figure is in excess of the real
price. as rough estimate of the value
of the property in question fOOts up a
little less than $1,000, ,00O. If the
property includes the Duluth elevator
cOmpany'S house at West Superior the
S4,0O0,000 notch would be about correct.
The receipt of the dispatches here and
the published notice regarding the al
legged sale creat''d intense excitement
and is the principal topic of conversa-
tiOn at the hotels this evening. There
is large block of the stock of the two
companies held here. but the greater
portion is held in New York, Boston,
Philadelphia, Milwaukee and Chicago,
and Col. Newport, of st. Paul, is said tO
hold some shares. but complete list
cannot be obtained tonight. The gen.
eral impression here is that
TUE OPTION ALREADY SPOKEN OF
was given as sort of bluff with the ex-
peCtatiOn that it would be refused and
the news of its acceptance is an unpiea-
SAINT surprise to those here who are in
terested and been interviewed. Persons
not stockholders express different views
about the sale, some claiming it will be
a great benefit to Duluth. and others
holding opposite views. Treasurer
Rupley's house is being besieged to-
night with anxious seekers after infor-
nation.