St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-30
ABOUT THE sToCKYARDs.
Report of a Deal Which Is Be-
Iieved to Have Gone Through.

It is announced that the Northern Pa
cific and the Wisconsin Central rail-
roads have secured control OF the Stock
yards Belt Line track, running from st.
Anthony Park and the Minnesota
Transfer out past the stockyards and
connecting with the Northern Pacific
and Great Northern roads at point
north of Fridley. If true, this deal
means as much, or more, to the
development of Minneapolis than any
move that has been made in connection
with the stockyards. In regard to the
manner in which the deal was brought
about an evening paper says:
1.-THE lease of the Belt line to the
Wisconsin Central was made after ne
gotiations extending over period OF
several weeks. The Canadian Pacific,
through the $780," was anxious to Sc
cure a lease of the Belt line property,
now recognized by the railroads as one
of the most valuable track properties OF
its kind in the Northwest, and with the
Wisconsin Central was a close COM
petitor for the property. The Mime
sofa transfer was also bidder for the
property, but these negotiations were
stopped early because of the refusal of
the StockyardS company to accept the
terms proposed by the transfer COM
pany, which realized the great advan-
tage that would follow the control of
the Stockyards Belt line. The lease
finally given is in the name of the Wis
consin Central, but as the Northern Pa
cific has a lease of that road, the deal
amounts to union of interest with that
road. When it is stated that the North
ern Pacific has carried 80 per cent OF
the cattle and sheep from the Montana
ranges for number of years back, the
Importance of the deal is at once ap-
parent. 1t insures to the Minneapolis
| tana shipments.
If this report be true the deal is
| doubtless an important one to the stock
! Yards, as it would give the Wise OnSin
access to the yards over the Northern
| Pacific tracks, the right to run trains
over which is now held by the Wiscon-
| SIN Central, thereby furnishing direct
| outlet to Chicago for the stock yards.
| The Northern Pacific being also inter-
ested in the matter, that road, which is
the largest northern carrier OF cattle.
would work for the consigning of
| cattle to the Twin City stock
yards rather than to the yards
at South St. Paul. The northern
Pacific and the Canadian Pacific roads,
each road having purchased 100000
worth of stock in the yards. they will
likewise be interested in the develop
ment of the same, which is facilitated
so far as the Canadian Pacific railway
is concerned by the presence of the 500
road, largely controlled by the Canadian
Pacific railway, at the yards. 1t is also
hoped, through this deal, to force the
other Northwestern lines to establish
connection with the stockyards tor their
own protection.
AS to the facts in the case, gentlemen
who are directly interested in the Twin
City stockyards declare that there is
some truth in this story. The officers
of the stockyards corporation and OF
the railroads mentioned could not be
found last night to verify these state
ments.
| 1t is said that the directors of the
stockyards company will soon change
the name of that corporation to the Min
neapolis stockyards instead of the Twill
| City stockyards. There is also rumol
1 abroad that the ''Big Four'' of Chicago
will soon begin the erection of big
packing house at the stockyards which
will employ 500 men and have a killing
1 q n nIanl. H.