Omaha daily bee., 1911-09-01
SECURITIES TO BUTED
Holdings in Subsidiaries to Be Di-
vided Among Stockholders
PLANS OF TOBACCO TRUST
Tentative Scheme for Dissolution Dis
cussed at Conference.
BILL AGAINST LUMBER COMBINE
Injunction IL Asked Against Michigan
Dealers Association and Lumber
Secretaries Association at
Detroit.

NEW YORK Aug a.-The Standard on
company of New Jersey. the corporation
which has been the storm center of anti
trust agitation throughout the country for
years passes out OF evidence, 80 far as its
present form and functions are concerned.
| After today this famous corporation will
cease officially to carry on its operations
as the head Of a vast organization whose
activities extend into almost every part OF
/ the world. In obedience to the decree of
discussion OF the supreme court 1t is re-
linquishing it's control of the subsidiary
concerns and today is the date set for the
ending of the old regime.
! with the end of business day the COM
pany's transfer books containing the list
of stockholders closed and the stock Of
its subsidiaries will be distributed among
the stockholders in the parent organization
Of record at that time.
! The work OF apportioning the company 8
holdings of the stock of more than thirty
subsidiaries affected will occupy at least
three months II 10 expected, so that the
reAdJustment will not be complete prior to
December /.
Standard Oil stocks was traded in today
at about SS25 per share, transactions being
restricted to cash dealings Of the neces-
sity OF affecting transfers today. A bid
Of $40 share for Standard OH "ex-subsi-
diaries" or without rights to participation
I in the distribution of subsidiaries was
made by a venturesome trader on the
curb" but as no intelligent appraisal can
\ yet be made Of the worth of the stock
when divested OF it's outside holdings. the
offer was not accepted
plans of Tobacco Trust
NEW YORK, Aug. S1---A tentative plan
for the dissolution of the tobacco trust, -
in accordance with the decree Of the su-
preme court Of the United States was dis
cussed today at a preliminary conferences
held by Judges Jacombe and Noyes in the
federal building The government was rep
resented by Attorney General wickershan
and James C. McReynolds, who as spe-
csl assistant attorney general prosecuted
the trusts"
Following the conference w. w. Fuller
OF counsel of the American Tobacco com.
pany. stated that while progress had been
made today IL would be necessary to hold
another meeting September IA. before pub
lie hearings could begin
Bill Against Lumber Combine.
DETROIT, Aug. H--A bill was filed IN
the United States circuit court here this
afternoon to enjoin the Michigan Retail
Lumber Dealers association from contin.
uing an alleged unlawful conspiracy tc
restrain commerce and trade In lumber
and lumber products in many states
The Lumber Secretaries bureau OF in.
formation Of Chicago and the Scout
Publishing company also are named as de-
PENDANTS in the bill.
The Lumber Secretaries bureau OF infor
tiOn. It is alleged, receives complaints
from the retailers association concerning
shippers dealing with competing consum.
ers and gives notice thereof to the sew
ersl lumber dealers association through.
out the United States. all of which It II
claimed is a conspiracy In restraint oi
trade.