Salt Lake Tribune | 1901-02-19 | Page 1 | Over a Billion

OVER A BILLION N1L WHAT CAPITALIZATION OF THE STEEL COMBINE WILL BE Final Papers in the Great Combination Combina-tion Were to Have Been Signed in l New York last Night New York Feb ISThio Mall and Express says It was Deported in Wall street today that the final papers In the new steel consolidation would be signed at a meeting at the Metropolitan club this evening at which 7 P Morgan Mor-gan will be present The capital wl7 consist of SIOOOQOOOO 7 per cent preferred pre-ferred stock and 5100000000 common stock besides which 300000000 6 percent per-cent first mortgage bonds will be issued is-sued suedAll All the present stock and bonds of the constituent companies are to be cancelled If the plans now In prospect are carried through This depends upon up-on the stockholders of the constituent companies If they should oppose the consolidation the plans first broached for a company of relatively small capital capi-tal lo absorb the Carnegie company will be carried out