New-York tribune., 1906-11-23
cP6AT NORTHERN DROP
=. Paint Decline FoHO7os A"-
~ ,,,ncsment of DiUsdend.

,,.- Ills On good news, anu IL
ISL sree1 =. surprising that the overnight an
as tneTelo' - +I,e size and shape OF the HIea'
-,ssoe1ae-s .r,,,, should have been loitO"eu
s5-thern ssc,ire of more than hVe poii-4' =.
n-dsy y -. s+ock There was mtch as
pce h.Fle amount OF the dls1fl0.i l-o'- = - -Lo
8 re pro- t Looked for by the hoioeTs u 'te
.sloa s1ighl = -as-ts1 interest but It was gen
| sgreed that anything .iAe
ssas -ras next 10 ITuPossioie'
saEaie " srates Steel Corporation IS uhder
rss --,,e 8 minimum Of 5000 tons Oh ORG
ria'. minimum 10 be Increased py 'ot'''V '0Ii7
- .r az after which year II VIII remain
ars ~ ~ - sq5o0oo tons. The price 10 De palo
tse - the steel corporation is 10 be j. %
8 ilS e-s+ year. Of which s. cents VIII pe TOY
81 a csnts freight charge, the royalty 10 DC
cents in each succeeding year. II lne
s~s-.-.-,or shall elect 10 mine only The mini
= ooTp - a. and in each following year,
. So -at1Irn from this source 10 ths nolueis
fsss certificates VIII pe oltE az S'' N--
1e Ls5s,.rs 20 iD 1911 and only s. o+'2 pE 1911.
- ss-ti7cseS - noIi-z- Of the steel corporation
ssGt W. - re 5ranriry Of ore which II viii mine
sas--- n auv future year there IS no means oA
sss3i3s ssts.s3s % TIE ore lands 10 which the steel
-e1io- vii have access, Lhe '1TesL -SoI Ille. -
srg0rdl.--.t holdings which are under lease 10
IS sXIeLs.-e +-e earning power Of these mines
re-s-frnste6 By one authority as neaFly S-'vFoVoV
s1r s1s these leases. however II was salo some
II 49, - rbe mines viii be included in the OPP
- eAFas the arrar cement between the Great
Ezroa 80 :. thA United STATES Steel Corporation.
kTp11;,,scr n The benefit from the Lease of the
-rf-irc privilege, the st0ckholcers or the
o. - -SS--+e-- az ex1ecte6 soon 10 receive val
- -iebrs arising from the issuance or aocltonel
81 = nav Tor the Northern Paclhc's equity IN
secs " .S.--1+o- which u IS commonly understood
e Ds, transferred n the Great Northern before
h-s h. Northern Pacific has property containing
~ - ,,--v million tons OF iron ore, which II is
- 1000 is included II the contract made by
y c-ss CORPORATION. and II Is learned on good
=. ...-;+y tlat Northern Pacific melon is ripen-
- ,,5 vIl probably be cut soon after the open
~ q ths new year.
=. much IS known about the Lake Superior
,.-,snv. n vhlcn is vested the legal ownership
-. rrest Northern Shareholders iron ore prop
- The statement OF President Hi that the
- Yr~fherr directors, 5T resolution approved
= -5a st9ck-Oller Eed directed the Lake Supe-
= -a-nuerv rc transfer the ore properties TO the
..-s-s4s named in his circular. OCCasiOned some
- - made C- s0v such action bV the stock
Trz -rLu- was raised that rne Certtfi-
= ~ bk issued 1- the trustees, i made the sub
- transactions II any market Tor securities IN
a.rsre would -or be- liable 70 ira stock transfer
- n two cents share. i was explained that
= rs-A ror stock certificates. and that the stock
--~.sfs- tax law applied 10 only such certificates
-rre named ir that instrument.
=. is understood 70 be the desire Of the Great
r--5s-r nlsua cement 10 discourage trading in
S.yr- trading in them, when issued" several
= ago YESTERDAY there were sales of 200, at
--,ts Tgzg7rz from ella early IN the day 10 x at
-