The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-02
'RALRlEDS IO AERGE
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-(speciaL)-T
greater news story, beyond the settlement
of the dispute between Hill and Ha. ri
man factions over the control Of North
ern Pacific, namely, the agreement up n
a general plan for q d-vis,On Of tne
great East and West railroad systems
into four groups is slowly dawntng On
the Wall street investment public and
the general public They seem unable
to grasp only a part Of the plan at a
time. They first accepted the Official
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 credence
the report that the NJ ssouri Pac 20
would take the Southern Pacific under
its control, and that Union Pacific would
annex Central Pacific as an integral part
of the through Inc.
member Of the firm OF Kuhn, Loeb S
Co, who have been at the back OF all
the late progressive railroad movements,
and who was asked for an official an
nOuncemcnt, said:
PLANS OUTLINED.
"As rapidly as the details can be ar
ranged official announcement os the de-
veIopment of the project in its various
stages viii be made. Lead ng iiuane er5
and the controlling powers in the raj o. q
field understand the situation fully, ant
know what is ahead. There are or
course many people who hold the posi-
tion 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 org1ni-
zat:on of the United States Steel cUrpo-
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
tn taI Nf he "a flf q
upon which all the great railroad msn
and hnanciers of the United States ha
been working for years.
These are days OF action. Results
are within reach. The adjustment Of
the Northern Pacific troubles may be
called the first official steps,
The market today reflected the resto-
ration Of confidence. There was who e.
sale buying of the standard railroad
stocks and quotations moved up through
out the whole list, the most marked RE
being in the securit es of the Weste
roads, which have been under pressure
for some time on account OF the unccr-
talnties involving all sf the systems
west of Chicago
NORTHERN PACIFIC DEAL.
CBy Associated Press.)
NEW YORK, June 1-There IS keen
speculation as to the identity of the new
men Who VIII 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 deli5-
crate over this matter and there VIII be
no announcements for some time. Ny
understand ng is that several strong men
who are neutral in this affair and not
now connected with the board Of any OF
the properties concerned will be chosen.
The plan of their appointment IS h ghly
satisfactory to the Hartman syndicate