New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-03-23

- ne, ~ r. al s7s1Oso00 q
Sc S1kg 600 90 oouibired preferrea Al.o
-, .borez a tr.ne more than control %. -
. 1902 the northern Pacihc iIeIe--
..,,s y,,s rs'd III - par ard CONVERGE IL
,,,-,r,on and soon thereafter TIE eIlIe 80
10S 90 81 TIE northern Pacific STOCK NJ. ~
49, 60 Inc (Which company IS CON
,rolled b. the Union Paci.D was -.
Seo sa- 81 % the 4,ocE o. the northern =
-, C,o,.na-v AID SSss0"b1 cash a" %
80. GO AL S-l stock is row deposited as co.
-, - c,-e~on ehort I11e bonds Ohoe'
=. 49,. ~ t,. Northern Securities COMPANY y
sr-.o.o--, -,lsr. TIRE Union Pa~fc wiz Te'e''e -
.vchsrre ror SIS Ss2tSleIl 'paF 49,
n, No-+hern Securities STOCK So-'''
- ~ between - md Y pG t'"'
- .he total outstanding stock % Inc 10
,ss~fac o. against S7s,1oS"o Which u
,,-ior 20 tie formation OF the NoEtheih go
ties Company. x viii also receive ..-.,..-.'
about S24 SIS 600 stock Of the Great N0IlneI"
-, l,o,,,Dary or 20 PEI cent 81 the SlZs,-
0,ol zoo outstanding capital stock Ct thar foa'
--lere holdings will he enough 20 entite 'ile
r-,tor Pacific interests 10 substantial IePie-
ss.,s.,o,, IN the boards Of the Northern racine
aud Great Northern, which Jointly cohlio' '''0
harrington. operating in the Union Faclnc 'sl
,,,o-, and II would not he surprising il 'i'e
75s,iA fo-rau interests. alive 20 this conslaera-
,,on should take active steps ~ secure a coii
snonding representation IN the Union Fa'ii'0
hoard Of directors. 60,
~. 81. she assets Of the Northern Securi-
ties Company remaining in its treasury az,
a.. 5,.+-fb,,.fo-, Of fs Northern Paclhc ana
-. S-,,-+g7e-r, holdings assets represented %
she Capitalization ~ S3@54o"o when when 'lle IaIl
pauy will have sf'er JnsS + 80 re pres
-, .bsree shall have been cancelled, could ~
he learned last might. nor could any au,-ol
s,,,s sfsfen7eut be had as 10 the reason -ol -
ss-.-tsies i-o-,,Tsr,- which the present snare
holders vnl continue 10 control
GREAT EXCITEMENT N STREET
wall street was in a state Of great excitement
,-ssterssv over the expected Distribution ol
northern Securities stock. the details OF "Il''H
,,-.-c moi announced until long after tht Gay
business ended in tho stock Exchange. All me
.eou-sfies affected 10y the distribution mace '-N
advances About twenty-four thousand sHa'
~ Northern Securities were sold IN me 'u'O
market and the shares advanced Ah"u' 50
-,,,-,. - within 2 shade q par. on the Stock
s-.-rbepFe Greet Northern advanced over sever
,oipts. There were tremendous sales ~ OI''n
po.,eo and Southern Pacific stock and oo'h
,ho.o -+ocks advanced Union Pacific gong up
go s ,oirts 70 50 end Southern Pacific rising
-ea-lv 2 roints ~ asa. The sales OF Union "a
zinc stock amounted 20 4oS,3l5 shares AZ me
CI'oh = - =. 40 aaO shares Nobody
-as =, lrrov- the cause Of such transactions
tD T-rion Pacific and Southern Pacific bur mere
o,e~e MANY rurnors afoat some sald tnat ne
Union Pacific was 70 he made the holding coIl-
,,.-,. -. 4be Great Northern and northern = a.
-f6c since the stocks ~ the laiieI 'o!lll'al--'
would have be distributed ny inc -N"I -.
c,.-,,-s.5oe C-o~,-a-y other reports were that
me HW and Morgan interests were AFRAID 81 ne
influence which the Union Pacific would acQClIe
sn the distribution. and wanted % set suLS-a.'
pa ND : l.
lives in the Hartman boards. As the 'hloh
pe0i6c controls Southern Pacific, the oealllse lh
southern Pacific were supposed 70 represent y
desire bv tho Hill Morgan interests 10 acquire
more influence in the Union Pacific manag eInell
There was an advance II over three points lh
Pacific Nal stock which is controlled ny the
Gofrf hern Pacific