The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-23
BIG.sYNDICATiE..
.|SN0v|v0PLA|NNG.O
Reported that U,iion Pacific May
Sell Out 500, 700 1000
,Ho1tl it1gs.
Wal STREE AWAITS DEAL !. !.
SSecuritie s6Involvcd Are Thoseof
8 Northern Pacific and Great
Northern Companies.

~ NEW YORK Angus g22.---P Plans for the
formation Of IL syndicate to take over
tho Great Northern and Northern Pacific
stock held BY tho # Union Pacific, which
were proposed several months ago. have
again been taken under consideration
III circles usually well Informed concerns.
ing Union Pacific affairs, II was lid yes
terday that the formation Of such q syn II
dicate was In contemplation,n although the
details have not yet been full deter.
mined. # IA a ID 34 Il ~ u
Tho Union Pacific, at the date 4 f it, /,
value Of s8s Great & Northern Preferred
s24, 295 152 VI Northern Pacific md y s12.,--B
$50, 900 OF the stock OF the Northern See
curities Company !, which has sii,%s been
exchanged for Its proportional share Of
Great n Northern ana Northern Pacific. AZ
These holdings represented only a part h
Of the stocks Of these two roads. which
were acquired by the Union Pacific in Il
the course Of the dissolutiun&of the Mort Il vi
ern Securities Company. a. large amount !;
had been sold prior to, the date Of the last
annual report, and IL Is understood that
the Union Paciilc's holdings Of these
stocks have been further II reduced since 4
them Tho Hartman road, however, is 4
believed to te still 4 the owner OF large y
Northern preferred Y and i he purpose Q (
the proposed syndlc ate ~ to take over
these holdings 5}5
AT the present prices for Northern Pa
cifc and G reat N orthern II would take
more thans s54 900, 000 to purchase, the
Great Northern stock held BY the Union
Pacific at the date OF " the last annual
report. and more than S51, 00o, 0Oo to q C ~ y
quire Its Northern Pacific holdings I. 81 tg
57235A ny syndicate formed to purchase these
stocky would amount. therefore. q to more
Than 800, 900, 900, providing the amount Of
these two stocks sold by the Union Pacific
since the date OF the last annual $repor RI
did not exceed the amount OF these two
stocks Represented by the n orthern se-s
4curities Company st took held by the Union
Pacific on June 80, 1905. III 4
sS 1t was reported einSthe financial district
to-dayGthat the Northern Paclfl manage
ment & has IN contetnplnti ion an n issue oil
stock amounting to about So. 900, co. 50
that the Union Paci fic.S unless 1t dIsposcts
/ 5of Its Northern Pacific holdings sbefor
this new stock Is issued. " may In /; this
near future have occasion to incrcAs ! Is
holdings OF Northern I'aci fic.8 y lille IN
some quarters tho obn bill " OF an ISSUE
of stock by the orth ern Y Faci ZIG vat
|Eliscredited, u 4 director OF the n ortherH
Pacific would not q enyB day that such
an issue might be made. although no did
say that SO far! no formal action looklng
10 an increase IN the road ca pita|l stock
has been Ia ken. 45{3 54y3 II
#s The circulation OF these reports - In
3creases wall Streets interest In the res
turn to this city OF James ~. Hill. who
Is expected to-mo row. HI was Il
said by his friends to-day has been N
the West to perfect the title OF two lots
OF ore lands which arc included In the
Great Northern's holdings. AccorTii ns
to the report, ~ the attorneys OF the
United states Steel Corpora Ion FOUND
some objection tel the titles 80 thesc Two
pieces OF land M 1,
+ vas Tor the purpose. 1t was said to-f
day. OF Strengthening this matter o ,l N N
anticipation Of bringing the nego tlations
for the lease OF the great n orr he1 m =
ore lands to the Steel Corpora ton TO .
conclusion that Mr.. Hill made his s trsp
to the West, ID, ~ s3' y X, n & Nj I,