The Birmingham age-herald., 1921-02-08
PACKERS PROPOSE
 SUBSTITUTE PLAN
 0F YARD DISPOSAL
In Case Department of Justice Objects, Argument Will Be Heard Before Final Deci-
 sion is Rendered
By Associated Press

Washington, February T.--Swift x Co.' and Armour & Co. filed today with the District of Columbia supreme court new plan for the sale of their stock yard interest in accordance with the terms of the consent decree agreed upon with the government more than year ago.
 The plan is a substitute for the one recently disapproved by the court under which the interests would have been ac- quired by F. H. Prince & Co, Boston bankers. It contemplates appointment of sales agents to sell the stock under su- pervision of trustees, who would have control of the stock meantime, with au- thority to vote it, and who would receive $ GOO annually each.
 ence to buyers in this order: Live stock producers. stockholders in the yards.
 other than the different common car
 riers serving the yards. local citizens or municipalities or local syndicates.
 The department of justice will be given
 time to study the new plan and, if oo- jections are filed, argument will be heard by the court before final decision is rendered.
 The stock yard interests which it Is proposed to self and the price per share which would be asked for the stock are; WHAT WILL BE SOLD The St. Paul Union stock Yards com panv, slo0 Union Stock Yards company of Omaha, Ltd, S1i0; St. Louis National Stock Yards, $12O Sioux City Stock Yards Company preferred. go; the Den yer Union Stock Yards company. sU' Fort Worth Stock Yards company, $lvo' Sioux City Stock Yards company com mon, 800, and the Bourbon Stock Yards company. $S0
 I The time for completing the sale would l be fixed by the court. but should the l sales agents report inability to dispose 1 of the stock within the limit set the I court would extend the time, with the l provisions of the submitted plan remain | ing in effect.
 1 The trustees proposed under the plaf i would be appointed by the court, would 1 number three, and the defendant com
 Lanies would execute and deliver to them ] powers of attorney, irrevocable during 1 the time the plan remained in effect. te I vote the stock of the defendants, pro vided this voting power was exerciseo l I.inssuch manner as not to interfere witn l the management ana conuuct ol IVY l stock yards. l The defendants, or some of them, asked l for additional time in which to dispose of their holdings in stock yards othel than those named. Charles w. Armour asks for period of one year in whicf
 to dispose of 100 shares of nonvotini
 stock of the Kansas City Stock Yards company. representing that because o
 the present financial situation and bus' ness depression he would have to sell tns 1 stock at a sacrifice, if forced to sei | now.
 | Armour & Co. and Swift & Co. asi ] that they be given until next June t sell their stock in the Jersey City StocS Yards company.
 1 Armour & Co ask that they be al flowed to sell their holdings in the Chi cago Stock Yards. representing l9'4 pei cent of the total holdings. either to tns Chicago Stock Yards company or to | Fl Prince & Co of Boston, who, they
 say, eare owner of the majority inter I ests il, said company" The company
 says 1t is negotia ting for the sale at tnis I time. and asks that it be given unti February 24 to file completed plan roi l the disposition If this stock, unless the 1 negotiations are completed before tna :: time