Show i CAPITAL OF Project to t Combine all the Big De Department Department Stores Str St r s New NewYork York April A Fil OfficIal al notice of the rumored of or depart lepart department ment mont stores was ren today by J Pierpont Morgan Co who Aho solicit subscriptions of the stock of the Asso Associated elated Merchants company The corn com company pany p 1 i iii capitalized at and proposes goodS bUS nesses flosses or interests t In t this tiis ls other The prospectus tates that a interest Inter st has ha been heOn secured In ir both the R It lB B company and a id d the Adams Dry Goods company lo any and an that James McCreery ep Co Cos s l street store has been b n bought outright ht htA According A c to a closely con connected connected connected with the dry goods go ds trade the syndicate being b formed intends to pur purchase purchase purchase chase a controlling interest in each of 0 the stores to be b included A new Oem con on tr company Y will then be formed the common stock of f which will be bee I exchange e for the stocks of the con eon constituent companies while some of the preferred will be put on the market ri e stock and bond issue is estimated as high as One consideration which makes the tIme transaction somewhat complicated ts Is the of determining fair tr r vale valuations for the various stocKs It Ills is not often ofte that tha t these securities Ues change hands and l well informed inform d dry goods J t I Imen men say that it is impossible in many I 1 cases oases to name even an approximate selling prIce I r I |