Bisbee daily review., 1906-12-07
WARREN REALTY CO. |S SUBJECT
 0F INTEREST B
Local Spectators Are Await. ing Official Statement Giving Relations Existing Between Companies,

The local speculators are discussing with a great deal of interest the ex- pected statement to be given out by L. W. Powell setting forth the details of the relations existing between the Warren Company and the Warren Real " < Development Co,
 It was expected that this statement would be forthcoming this week as H. B. Hovland. President of the Warren Realty & Development Co, has been here for the purpose of consulting with MT. Powell, but so far as known this conference. has not yet been held. Mir. Powell returned from Los Angeles on Tuesday morning and was busily en- gagged at his office during the entire day. On Wednesday he departed hurriedly for Tucson without seeing Mr. Hovland and at the Warren office it was announced that Mir. Hoyland would leave today for Globe.
 When asked for a statement of the new arrangement and contract exist, ing between the Warren Realty & De- veiopment Go. and the Warren Com pany, MT. Hoyland took the position that as Mr. Powell was the President of the Warren Company the statement for. publication should emanate from him and positively refused to talk for publication. The Review is in pos session of several rumors and reports regarding the relations to exist in the future between the two companies and the amount of stock to be held by each in the new Warren Company, but In the absence of confirmation from an official source, the publication might at this time be subject to just criti- cism, if in the future, the rumors were positively denied by the issuance of an official statement. In the mean time there is considerable buying and selling of Warren, but there has not, so far, been sufficient buying 10 in- crease the price. Yesterday orders were received from Duluth by the To- cal brokerage houses to buy Warren for Eastern clients in blocks of five hundred shares at a price of $11.37. There were a number of shares here fo. sale at 311.75 but Eastern buyers refused to raise their bid. The bids had the appearance of an effort, on the part of Eastern holders. to hold up the market.
 For some reason. not known to the general public, the announcement of the date for the beginning of the sale of lots has been held back. The an- nouncement was promised several days ago but has been put off from time to time on one pretext or an- other.
 In general it is known that the new Warren Company is capitalized at $665, 900 and that the Calumet & Ari- zona company and Superior & Pitts burg companies are the controlling interests in the new company.
 This money is to be expended in the building of the public improve. ments such as street railway, sewers electric lighting plant, water systems i. etc, but just what interests the War ren Realty and Development Com pany will acquire in the new Warren Company. by virtue oi placing the townsite feature of his company in new hands, Is the question that is being asked every day and ur to thia time has not been answerei l That this important question has al ready been decided between the tw1 companies there is no room for doubt It was decided in Duluth several weeks ago when l.. w. Powell went East tc confer with the directors of the c. A., s. & F., and Warren Realty & De veiopment Go.
 The Review expects to be able to give to its readers the details of the deal before the close of the present week, provided Col. Powell returns tC the city