The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-02
RAILROADS TO MERGE
WALL STREET IS BEGINNING TO
REALIZE SIGNIFICANCE OF
COMING EVENTS
PLANS PARTIALLY REALIZED
DIVISION OF TRUNK LINE ROADS
IN FOUR GROUPS NOW IN
EVITABLE
SHARP BULGE IN STOCKS

NEW YORK, June L-CspeciaL)- Thu
greater news story, beyond the settlement
of the dispute between IIill and Ha.ri-
man factions over the cOn.rOl Of North
ern Pacific, namely the agreement up
a general plan for a dvis. on Of the
great East and West railroad systems
into four groups, is slowly daWniuS On
the Wall street investment public and
the general public. They seem unable
to grasp only part Of the plan at a
time They first accepted the ofic al
announcement of an adjustment of tho
Northern Pacific trouble as the total re-
suit Of the conference among the mag
mates. Next they received with Credea"e
the report that the NJ ssouri Pac G
would take the Southern Pacific under
its control, and that Union Pacific would
annex Central Pacific as an integral part
Of the through Inc.
4 member Of the firm OF Kuhn. Loeb e
Co, who have been at the back az all
the late progressive railroad NOV men,s,
and who was asked for an official an-
nOuncemCut. said:
PLANS OUTLINED
LAS rapidly as the details can ue are
ranged official announcement %. the ae-
veIopment Of the project in its var.c"s
stages VIII be made. Lead ng Finances
and the controlling powers in the raj %
field understand the situation fully, AMI
know what IS ahead. There are OF
course many people who hold the 20 T.
ton that the contamination of the grand
plan as outlined is impOss bic because
It's so big. These are the same people
who secuted the feasibility of the orEAni-
eaton of the United States Steel curDo-
ration for the same reason. Yet study
of the railroad systems afford convincing
proof that the plan decided upon At the
series of conferences is the logical and
t.,I.I of 70 h4 my q
upon which all the great ralroai men
| and fnanciers Of the United States ma q
been working for years.
These are days OF action Results
are within reach. The adjustment ot
| the Northern Pacific troubles may ie
called the first official steps
The market today reflected the resto-
ration of confidence. There was who g.
sale buying of the standard railroad
stocks and quotations moved up through
out the whole list, the most marked
being in the securit es of the Weste. II
| roads which have been under pressure
| for some time on account Of the unc- r
tamties involving all Of the systems
| west of Chicago.
NORTHERN PACIFIC DEAL.
CBy Associated Press
| NEW YORK, June There Is keen
| speculation as to the Identity Of the new
| men who Will enter the Northern Pacific
! directorate under the commercial treaty
| Of peace subscribed to by the rival in-
! terests in the property. Many names
! have been called up in Wall street. but
| according to a member Of the Hartman
! syndicate there has been no decision Of
| them as yet. To a representative Of tie
Associated Press the man in question
| said
"There are several months to deIi5-
| crate over tn g matter. and there VII he
! no announcements for some time. Ny
| understand g is that several strong men
| who are neutral In this affair and not
! now connected with the board of any II
the properties concerned viii be chosen.
The plan Of their appointment IS griy
\ satisfactory to the Hartman syndicate