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Show MERGER OP UTILITY COMPANIES ARRANGED By Loused Wire to The Tribune. NEW YORK. Aug. G. Henry L. Do-horty Do-horty & Co. announce that they have completed arrangements for a holding eompanv, which will acquire a number of public utility companies, Including tho Donver Gas & Electric company, tho Lincoln Gas & Electric company, the Empire Em-pire Electric company and tho Spokane Gas & Fuel company. An offer will be made to exchange the stock of the holding hold-ing company for tho stock of the first three companies named. The basis of exchange has not yet been announced. The holding company will probably be capitalized at S50.000.000. Tho entire common stock of tho Spo-knnc Spo-knnc company has already been acqulrod. Doherty &. Co. also control othor public service companies, but it is not admitted that any of these others will find their wav into the holding company. Tho securities se-curities company will have a contract with the holding company whereby it will continue to operate In tho purchase and development of properties to be turned Into the holding company after development.. |