St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-22
RUMORED BIG DEAL.
Probable Change OF Hands
of the South ST. Paul
Stoekyards,
AS a Portion Of the Chicago
Deal Made by A. B.
Stickney.
Officials Inclined to Deny the
Story in a Negative
Way,
While Outsiders Believe the
Transfer Has Been
Made.

An extensive deal, on the order OF tn
great sale of the Chicago Union stock
yards, is reported in connection with
that valuable enterprise of this city
the Union Stockyards at South st. Paul.
1t is no less than that they have been
sold to an influential syndicate of Chi
cago men at figure that pays very
satisfactory profit upon the investment.
The Chicago sale made so recently is
fresh in the minds of newspaper read
ers. By it large blocks Of stockyardS
shares were transferred to Eastern cap
italiSts, more trunk line railroad repre-
sentatives became interested in the
business, or, rather, took larger inter-
ests therein. a new plan of organization
was perfected, and within the past few
days the new company, capitalized at
SIS, 900, has become Incorporated
under the laws OF New Jer-
sey, the papers having oeen
filed at Trenton. The prospectus
of the Eastern financierS of the COM
pany shows that, although the former
able management will be retained at
Chicago, the accession Of both foreign
and Eastern capitalists will be made.
Some of the Chicago capitalists, in
Guiding p. d. Armour, q. +. Swift, >.
w. Allerton and other prominent rep,
resentatives of the dressed meat ana
provision business have recently joined
with A. B. Stickney, of st. Paul, In an
enterprise at Chicago known as
the Junction Railway and Trans
fer company, which will operate
in unison with the Chicago Union stock
yards. In return, it is believed, he has
permitted them to secure portion, II
not all, of the st. Paul Union Stock
yards company. The incorporation or
the South st. Paul Belt Line transfer
company, to connect with the Mllwau-
kee and other railroads, in when tue
ArmourS and the balance OF the chicago
men are interested; the securing OF rlght
of way and bridge for the transfer line
across the Mississippi, and the pros
pective building of the transfer line
this fall, are all looked upon as parts
of this far-reaching enterprise that shall
concentrate the live stock interests or
| the railroads at South st. Paul, where
! each and every one of them have been
doing large business, which would De
still more profitable with more direct
| communication across the river.
The effect of such provision OF facll-
| tiles could only benefit the StockyardS
and provision interests Of this sec
ton, and by the large increase
of the business here it would
make further Improvement
in the markets for Northwestern live
stock. 1t was reported yesterday by a
Mr.. Rogers, who is in the live stock
business at South st. Paul. that Nelson
Morris, of Chicago, the greatest cattle
fattener of the United States, would
| feed a large number Of steers i'll the
distillery barns there during the COM
ing season, and various indications
point to probable incoming of addi-
tional men and new enterprises.
NIGHT regardinp the matter said the
deal was altogether probable; others,
especially officials, denied the consum-
nation of such a deal, and some re-
quested that nothing be said about 1t.
1t was admitted, however, that such an
extension of operations would be of
vast benefit to st. Paul and to the farm
ers of the district tributary hereto.