Show I MINING l I G STOCKS SOCI S ARE AKE S. S' S Wall Val street has undergone a severe course coun c of liquidation especially In the so-cled so called so-called high high- priced pried stocks which had hall been carried to an un inordinately hl high h level leel of ot quotations on exaggerated anticipations about the prospective deals rights and benefits to be he forthcoming forth forthcoming coming cominS' In connection with wih such properties am as as' as Great Gret Northern North orth em ern Northern Pacific and St. St Paul In all ail al of oC these cases actualities ha o ha 0 fallen falen far short of anticipations Moreover Moreo cr In the ca case c of the Great Northern what may prove to be a serious legal question queston has luis arisen regarding regarding- the validity of the time new stock issue Tho The attorney general of ot Minnesota has this week carried out his threat of or bringIng bringing bring bring- ing lag legal proceedings to lo enjoin the new stock I u by the Great Northern company compau his Ils contention being that application ap ap- ap- ap must be made to the time state tate railroad which on a submission of the facts acts will wi approve or invalidate the arrangement How this matter mater will vill turnout turnout turn turnout out is for the courts to determine determine The street however how how- ever eve e In lit spite spie of the earnest claims made mado b by the Great Northern management that the they are arc clearly within rights in Increasing tho the company's share capital without application to tho the railroad commission recalls that Mr Hill and his associates in the Great Northern Norther were vero parties partes to th the ever memorable Great Northern Securities deal dealIn dealIn denlIn In 1901 and contended with wih the same earnestness that the tIme steps they adopted In that unfortunate undertaking were clearly legal tho the significant feature as It i turned out being that the United States Stales tribunals and finally the Supreme court itself Iselt differed front from Iho thu views view's of tho the Great Northern's legal leal advisers advIsers advIser's |