The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-20
AWAITS PROXY FIGHT
IN MISSOURI PACIFIC
Wall street Expects important
Action at Committee Meet
ing To-day.
RECEINERSHIP DOUBTED

The real work OF revsmping the Mis-
souri, Pacific system may be"in to-day.
when the general conference committee
will hold an important meeting
wall street Is interested in the POSSIBLE
ity that the committee may decide to begin
a campaign for proxies Of stockholders Tor
voting at the annual meeting ON March y
II was understood yesterday that tentative
drafts Of a letter inviting stockhoiuers 10
organize through proxy committee Tor
concerted action at the meeting OF STOCK
holders have been prepared ana VIII oe
discussed at the conference committee
meeting to-day
confirmed the statements made IN wan
street on behalf Of the Gouds The list
Of shareholders filed with the Missouri
Public Service Commission. II was SAID
showed that with the exception OF the
shares held by Mrs. Helen Gould Shepard
the holdings OF the Gould family do not
exceed gao shares in total OF s"2OoO
Il is estimlted in Wall street that the
Goulds sold 100000 shares at around ~ or
20 last spring on the rise then that mysu-
fed the market
The solicitation Of proxies for the an
nual meeting by the conference cOmmltee
through either the present stockhOlders'
protective committe o. special proxy
committee was the action generally eN-
pectpd as one Of the first moves the ANAL
gamated committee interests would make
il was believed that the committee would
have comparatively little trouble IN get
ting proxies. The purchase OF cohtrol III
the omen marnet vas not looked upon az a
necessity. a. there - appa emily no one
else in the field who would seek II.
The volume OF trading In Missouri
than
on Monday. with transactions OF
$4,000 harcs. gave me- evidence
Of a contest FOR control The stock made
a new advance on broad buying, gaining
q, points over the high ~ the day be-
fore to lSig The stock was at 6's last
week
Most o, the present directors Of the
Missouri Pacihc are members or the Gould
family or directly associated with the
Goulds. n the allied interests OF the
protective committees, headed by Kuhn.
Loeb 4 Co. are successful In cam
paign for proxies II Is thought thHt al
most the entire board would be changed.
though without doubt some representa-
ttNes OF the Goulds would remain on the
board because OF their large holdings IN
the bonds and notes OF the company The
principal Gould representatives now on
the board SIRE George j. Gould, Howard
Gould. Edwin Gould. kingdom Gould, Fin
ley j. Shepard and v r. IeffeIy
The developments IN Missouri Pacific
affairs IN the last week have practically
convinced wall street that II financial
, conditions continue normal the system
will not go into a receivershD. The real
difficulties vii be encountered when re-
organization of finances begins and the
necessity OF harmonizing antagonistic In
terests in the securities Is met.
Kuhn. Loeb a Co. for whom 1t is said
that their opinion OF the needs OF the
road has not changed since their letter
Of last May outlining their attitude. stated
AZ that time that the system would need
in addition TO S3j. 900, 600 for immedlately
maturing short term obligations and the
usual annual requirements Tor improve
ments 100000 900 for maturing bonds IN
the next seven years. These needs. II was
said would have to be financed without
! inCreas sing fixed charges.