New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-12

The statement gives the following details of the
Investments Of the company There pur-
chased from Messrs. Hartman and Pierce 4O.S5O
shares of Northern Pacific preferred at cost OF
81 ,085,00O, paid for with $S216S,Sn stock of the
Northern Securities Company and $S,915,629 cash,
also $40 go shares of Northern Pacific stock at
cost of $50 $780, paid for in stock OF the North
ern Securities Company This made total OF $sl,-
407 800 for the Hartman and Pierce purchase, paid
for with $50 9 81 stock of the Northern Securities
Company and sS.91562S cash There were S2O,27S6 25
shares of Northern Pacific stock purchased at lis,
paid for in a like amount Of Northern Sc
curities stock, excepting s345 in cash There
were 34709O625 shares of Northern Pacific stock
obtained from the Northern Pacific Railway
Company in exchange for S4.I0e.062 90 Northern
Pacific convertible bonds. bought at par for cash.
The of the foregoing is I5S75 s 25 shares of
Northern Pacific stock costing S7s,SeS0S0 25 which
were disposed of for S79, 1851 A. leaving excess
proceeds to profit and loss account of s4O.52l 49,
There were 1172,5425O shares of Great Northern
preferred. secured at $50, which were paid for
with $2l1 O57 $50 Northern Securities stock; 800
shares Of Great Northern preferred were bought
for 707 200 in cash The total Great Northern pre-
ferred holdings amounted to 11S2 30 shares cost
ing $22 $50 which disposed Of for $2t2.7s5.
326 76 leaving excess proceeds to profit and loss
account IF SsO45 76 Other stocks the amount OF
s6 Og7 Cos 70 were purchased for like amount OF
cash The gross cost Of the investments was $685.
$50 ass IS paid for with o45 70 Northern Sc
cilrities stock and S51,379.S4S q cash.
Securities were disposed OF as follows: The
Northern Pacific Railway Company redeemed 4l0.S50
beas of its preferred stock at par for S41 900
bare vere ss5 SsS shares of Northern Pacific stock
so1d for sS ESQ Is cash and L5S7 1852 shares dis
tr,ted AT cost amounting to s179S17s6s 16 making
total Of 1857 59425 shares OF Northern Pacific
s+ocl, disposed of for s1794OS,55l Il. There were
90 eosa shares of Great Northern preferred stock
sold for s755as g cash and 1s09925o1s shares dis
tributed at cost amounting 70 S2 7197S "a. total
NJ 1S1 20 shares disposed or FOR $A1 1885 Is.
The total of Northern Pacific and Great Northern
nrefsrred stock disposed of was sSS2.f9SS77 20 TO
which add 81 OG5Oeo Northern Pacific preferred
stock sold for cash. q total OF ss33, 2sSs0 DO De-
Quoting the profit on Northern Pacific and Great
Northern stocks sold Cs70 ses 3d. leaves saSS $50 5
tn offset the gross OF Investments leaving net
COS, OF .other stocks .Sos 7s
Following is the disposition Of the capital stock
OF the Northern Securities Company; There was
issued for cash $4,000 TO incorporators at par;
a 557 go stock at par was sold for sTz SS4 - to pay
for zoo shares of Great Northern stock; S5sSi.sCn
stock at mar was sold for general purposes for
81 Gro COS % making total capital stock of S5Z2ooo
sold for S. $40 500 30 cash There was 1881 %
issued In exchange for Northern Pacific and Great
Northern preferred stock, making a total Of $685.
lo9 s4s rs carital stock issued There purchased
a. the market and cancelled to reduce stock TO an
aven amount S2s43 % aud sSs1.446,ooo was retired
nv resolution OF stockholders Of April 81. 1904
making total OF 1891 64S 70 leaving the reduced
osua.Al stock no. outstanding ~ Gsss@oo