Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-11-16
Generally Believed that Mrs. Stan
ford Owned 100000 Shares.
THE SALE WAS NO SURPRISE
sun Hetainss ons-Pourth Interest In
the Pacific Improvements Company,
which IL worth s7,OO0,OoO.

A dispatch from New York today
says, An enormous Southern Pacific
stock deal has just bcon completed. The
stanford estate. holdings Of Southern
Pacific, amounting 90 $4,000 shares.
have been purchased In tho Interest ~
the spcyer- Huntington combination. At
Tho ofiico OF spoyer q Company the pur-
chase VI the holdings .ns announced to-
day u was also said that the stock
would be- hold hy spcy,r a Company.
their European house and other power
ful Interests. and that II would not come
on the market. The same Interests pur.
chased the crockcr holdings. about ESQ.,
600 shares.
There have been since the nrat of this
month u sofloa % conferences IN this
city between g., A. Huntington. Mrs.
Leland stanford, George Croker and
General Thomas 10. Hubbard. fef resent
Ink the iiopkiua-scarles holdings OF
southern Pacific q was reported a
fortnight nFn thnt those conferences
were being held Tor the purpose % arr
rauglnr Tor tho transfer of Airs. stnn-
lords southern faclnc stock 10 the
Huntington hpcyor Interests, but this
fumor was officially denied, lt being
declared that the object of the meet
ihh MAH ANN NNANHNNINNA ny INC TOUR
conferences IT their Interests lu the
pnclnc Improvement company. which
~ closely allied with Che Southern Pa.
ellie company. one Important result
or thn transfer uf the Stanford holdings
90 the SpeytrH win De- me winding up
before iung uf tho nnlir of che Pacific
Improvement company,
BELONGS no UNIVERSITY.
The ucwa that Mrs. Leland stanford
had disposed uf Hn her Southern Pacific
stock wuH NOT 70 surprise iu san Fran
cisco. No hos been known that since
George aud W, ~ CroDker had sold out
tu thr spoyru and NEGOTIATIONS ON the
part OF MrH Stanford iu Hell bad been
commenced Mra. stanford Dr. said t1
have SOLD $4,000 shares OF stock Tor the
sum 90 ill 10000. 10 Dr. generally be-.
llrsvi tuut Mrs stanford owned $50 90
Hhnrea, the same amount uH the crock.
ora. who sold out f1r iit200O00. scna-
tor stanford WaH uH o. well known tho
IHciuc but Tho LARGEST holder IN Dou.
trail Pacific stock. ana 10 iH thought that
ln thr organization The lurEor amount
uf t0utr1l Pacific stock balanced mp The
Southern Pacific holdings ana that Mrs.
suuf1rd was 600 even terms with the
other three owners. There D. only one
opinion REGARDING Tho sale. and th1t IL
% D. The best thing Mrs. Stanford could
do. since ihH DruckHrH went ont uf tho
Southern Pacific Airr. Stanford was
very much lu tho minority whether
Mrs. stanford received Nli2l1.uQl or
iiiieoogo. ahe can lnycat that money In
liNllcnd paying lut'Hais which means
that The Leland stanford. Jr.. unlyorsl-
ty wlI receive the HunL
This southern rugIuc stock actually
belonged CO. tho university, but Mrs.
stanford retained Che right TO dispose
Of lt whom pho nleosed
The sale hy Mrs stanford leaves now
only a.. H.. Huntington of the original
projectors ana builders % the road.
DETAILS STATED.
The San Frunclaco can this morn
iug Says that tho number of HhHro1 of
Southern Pacific stock Just H0ld by Mrs
stanford Go tho Huntingdon speycr
syndicate was $4,000, Tor which $40
share was paid. or fll,a.l.O00 boz ull.
Word has boon received from New Yurl,
that MIR. Stanford has already tmus-
lerrod tllioplo0o Go the endowment
fund Of the university Mn stanford
stu retninH 10000 shares Of Southern
Pacific 1plrh. which she clu readily
uall FOR 100000, but tho shares may b.
nl io.uUd with others That she cannot
now place tho remaining block ON the
market, 10 IA stated that Hhr sold
portion M her 10000 HhnrgH OF Central
Pacific stock Cor $50 per share When
she HHli ths residue fuH uuco paid by
riyoriuluHl froW trustworthy SOURCES
that ihu SUM Hhs derived frum Central
l'uDiuc holdings upprnNImntrd ts2lnOn
From tA' sale NJ Dor Market Street
railway stock Che sum M 81 100000 was
derived Both of these amounts have
been conveyed Go the university NJ ~
known thlt MIH Stanford sum retains
"a ono. fourth IntUrHHt lu tho IugiUu line