Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-02-26
DETAILS OF |HE DEAL
The Morgan Syndicate Today
Gave Out Statement Of Steel
Combination.
Basis Upon Which Stocks Of the
Various Companies Are
Taken.
The Insiders" Given a Good
Thing in Big Underwriting
Scheme.

Thing In Big Underwriting
oSneAAe'
Naw York Fsh % Al ,ba of,,ca q,
:. = s'&' a'i y Sso'''i'a'is = Was s'aieo
today. hey are not yet prepared to make
any Official statement or issue any cir
~,
Sa'a' sas.as ~ as''.,'s 2 sle p'0i,uu
ls'9'ilssas ssaees s''sssi Ns0rpofa'ion' ihey
'recognize however i is due the public
land various stockholders they should
know I, .a,.pv . 9 ros,s,,le the ha s.is mon
49, - - - eo'"
spanies Wii be Ultimately be received
for conversion into securities of the new
,.or,,o,,,,ti.,,, which follows.
~. es,,a
's..se - : > ~ 'i's'4s -
'iis' sss's3hs OF .he ssNeias COMPANIES
1 laines
Federal Steel tlarefetred), 10 per cent
/ OF the new preferred.
Federal Steel lcelninon), lo4 new pre-
ferrea, lpst2 new common.
/ American Steel q Wire lpreferred),
!llsie new preferred.
| American Steel q Wire (common),
| lo2i2 new common
/ National Tube Cpseferred), l2o new
preferred.
| National Tube (cpnmon), los new
lprefcfred. Is new common.
National Steel (prefeTed). 125 new
lpreferred.
National Steel (comlnon), l25s new COM
lmon.
| American Tin Plate (preferred). l25
| new preferred
American Tin Plate Common. 90 new
preferred.
Pittsburg, Feb 2s--The Dispatch
says An Underwriting syndicate of in
siders. with 100000. tr,o car,i,al viii o..
cure the cream OF The big deal from
Denomination Of United States Steel Cor
Iperation. This Information comes from
lPittsburgef. Interested In the neyotia-
tlpns. j. I'ierpont Morgan will receive.
81 100000 for perfecting the arrange
ment, and it is said positively that the
Carnegie company Will not receive the
amounts stockholders are credited with
obtaining for their great property
II is stated thatit 10 the proposition
of Mr.. Morgan 10 permit, the ..insiders''
- the directors of the various conspa nies
20, s com
llrfiarvrij,ey
81 aeod al slno 90, , 1,,,',
tton Was IN a., ~.
the n1an+s II h y
nation. and a ~
Underwriting syndicate ~ ,sh;,,, NJ,
Morgan viii be The head 10 !. 80
the operation Of the plants, for .on,. ,..a ),
from organization, Al the end ~ Ira,
time there VIII be a division made -
the UNDERWRITING Subscribers whn 4, i,
estimated will receive rs tbsir sl,.,rs
about three 10 one in stock 81 mar ard
whatever is8 left Of the underwriting
capital.
American Steel Hoop fpreferred) loo
new preferred; American Stae, Hoo,
1common). lou nts,s common. American
Sheet Steel lpreferred). 100 new pre
ferred: American Sheet Steel common,
loo new common. AS TO The stocks 81
the last four companies the aggregate
amount OF stock so 10 be offered was ar
ranged with the principal Stockholders
OF these companies who have requested
a distributicn of such amount anonp
1.-the four companies 10 be. made in th.
manner stated
ures showing inha1ed values
New J OK. FEB. 26-According 10 the
ail .l3'. stated theNola stocks of the
| eAis'i'is COMPANIES VIII exchange for
.hs Stocks OF the new corporation as
/ ioiiows, par values being given IN every
| case: american steel and Wire s4o-
ooV'VVV preisrlsa Tor s4i ,oVo.pOO OF new
4 preisrfed' sao'Voovoo common for SOL
22v'uuoa 81 the new common. Federal
Of new preferred; s4s.4s4.soo common for
60 Of new common. National Tube,
/ $40 900 900 of preferred for RIO ON QUO az