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Show SOUTHERN PACIFIC IS LIKELY TO SELt-BIG SELt-BIG OIL HOLDINGS SAW FRANCISCO. March Ths Southern Pacific company la about te til It controlling Imereat In tba Associated Asso-ciated OH company, one of the mnrest oil concerns in California, the Kxaminer announces today. The paper adds that this sale wilt be fhe largest In the history of California. The purchase pit-. It is expected. wiL" be not teas trmn fltf.aoo.Oft, and possibly much more. Prestdene Robert H. lsoveti of tha Southern Pacific company has. ac tho request of a syndicate of London ana ew York hankers, named a price, s" the negotiations have reached this potnx with sufficient prospect of final consummation consum-mation to warrant the statement that the sale will be made. The Harriman interests own im.aAt at the 400.OOQ shares of the Associated OH company's capital. In yesterday a market mar-ket the qvntation waa $47, giving the -hares a vslue of UMiO.OOv. |