Show THE C P1 A SH ° Ut Opening in tho Close Corporation New York 21Tlie Triluxe this morning publishes the following A syndicate of prominent bankers which includes also persons largely interested in the WAbash and Union Pac fic Railroad Rail-road systems has been formed for the purpoSe of buy ing a large block of Central Cen-tral Pacific stock Ncgothtijns forma purchase of the stock have been in progress prog-ress tho last two week but the contract was not completd until yesterday C p Huntington vice president of the Central Pacific Company in behalf of himself and other owners of the road has sold to the pyndicato 50000 shares of stock and has given an option on 50000 more Tho price paid for the stock is understood to be 75 but a higher price understood to be 80 will ho paid for the second lot in case the syndicate shall take the option This privilege extends over six months but it is believed by prominent promi-nent members of the syndicate that it will be taken long before tho time expires ex-pires Payment for the stock is to bo made ia cash and no change will be made at present in the management of the road It is understood however to be probable that in cas6 of the successful i marketing of the stock tho present transaction trans-action will be followed by others No coiditions in regard to future purchases pur-chases of stock or the management of the road had been included in the contract It is purely a cash transaction The owners of the road have been induced part with the sock iff oder to share with I others the control of the company be liqving this divided control will add to the value of the property Almost tho entire stock of tho company has been held by tho original buildersLeland Stanford Stan-ford C P Huntingtou Chits Crocker and O F Crocker It ii said they consented to the sale of part of their stock in the belief that pubic attention woull ba attracted by this means to tho value of the property Members of the syndicate which has so cured an interest in the Central Pacific road are PP Flower h Co Prince di Wbi e Hatch di Foster Kuhn LOb di Ci Halkarten di Co May di King MarT di Co I di S Wormscr Phillip Spoyer di Co Fiskdi Hatch Brewstor hweet di Qo of Bo ton Vil iam H Trovera August Button Morton Bliss di Co Spayor Brothers di Coof Holland Russell Sage and Jay G mId An executive ex-ecutive committee consisting of R P Flower J D Prince and 0 O Probst has been choen t < > conduct the clInics of the syndic ite The stock will not be sold by subscription but 1 portion of it will b3 offered next week on the Stock Exchange The stock has been on tho list of the Exchange for many years but dealings in it have been almost nothing for tho reason that the stock was hold in few hands It is the purpose of the committee to make the stock otc of the active stocks on the Exchange and to this end a small amount will bo offered jrpbably on Monday One person who lad been admitted to the syndicate yesterday yes-terday told his privilege at a very large advance It was staled by a prominent member of the syndicato that outside ofltfio for part of the stock had been made at a price far above that to be paid under die contract It was stated also that a broker was authorized to offer a much higher price for the control of the road These offers have been refued by the present holders of the stock |