Show STOCK Format Notion Issued by Northern Preferred Paper Now oW York Jan 2 Formal 1 notice was issued l today that In exercise of the tho power conferred upon uon It I the tho Northern 1 Pacific Hallway company retired Its preferred rC stock In II whole yesterday lach J ach and every of a I certificate of preferred not heretofore sur surrendered f rendered will w Upon presentation of ot his certificate at tho of ot office fice of th tt company No 49 4 Wall Wil street receive r payment In 11 cash at l par J r Except as lS to 10 thin claim aU nU rights and claims of ot the preferred stockholders have ceased to exist Notice was ulso given en by tho Northern Hallway company that It had elected to tho th holder holier of every tour four per cent con convertible coni i certificate of ot the tho company to 10 convert tho same Into common tock stock of ot the company at lt the rate of ot ono on or 10 for tor each on the tho unpaid prin principal cipal of ot tho th certificate and mil upon pres presentation ond surrender el of nuch luch certificate 1 I feRto nt the tho company office olce tho hold hoil I cr will wJ bo to entitled to 10 receive i common stock of tt tho th company at nt the rate f tO No Interest will wi ac no accrue crue or bo 0 payable upon any such certificate rom and after January I Those he o showed that from und after today tho capital stock tork of ot tho company would of ot t entirely In common stock the bond certificates used use to provide for forthe forthe the retirement of ot tho preferred would bo retired Immediately Tho rho effect of ot this was to put what was for tor I stock On bauls tit the old common All An J or ot tho North Northern QI ern orn Pacific stock In Is to bo tullen over by hy bythe the tho Northern company will wi also alo nil 11 nt Of the th stock of the Northern Tho Northern Securities company will 11 thus hold holl tho Iha Block of two IfS m In the northwestern field noll and under th n the Interests fur tor control In that field fall will 11 administer l r tha In InItH ItH charge churgo to nd that harmony may IM prevail The belief In Wall street wn 11 general today that tho rapid re retirement of tho Northern pro prof f C stock followed Ota til redemption of 01 Jh the bonds Issued l for tor ItH retirement tnt had hl removed tho obstacles In the way of ot carrying out tho plan for to tho ad nil of oC thu which grew control of oC North Northern out of tho contest for ern o last laRt May It I was this contest and a sensational MM nf of North m Pacific common common to 1000 a 1 share shuo trl about the which brought l In the prices of ot tho securities en On May 0 O |