BIG NEGOTIATIONS.

Dominion, Volume 3, Issue 629, 5 October 1909, Page 7

BIG NEGOTIATIONS.

ry : : \' •>;-;;:-■•••'•.;•; »—- : —'.,■ ■'■'} : . ;'V:v';:C;p.R)';aI^;ALLAN:IINE. : ' V>: :;: ■report offending;amalgamation.; • :;,: : \•; J ; stock rcRCHASES.O ; ;■/; IDy TelCßroph,'—Press ;..-;■■ X- (Bee. October 4, 11.55 p.m.) . ■ .'. .■■■■■; ,~; ■ . ' ' Ottawa, October 4. It is reported in Montreal thai tho Canadian .Pacific Railway Company is making large purchases.of stock in the, Allan steamship line, tho Canadian trans-Atlantib line whose headquarters wero recently shifted from Glasgow to Montreal., -' V. ■ , : . :It is added that tho amalgamation of, the two .undertakings'is L intended to take place within tmi-years. , ;. Itjhas hitherto been'believed that tho Allan fleei "intended to amalgamate .with tiit Grand Trunk Pacific Railway Company. • /[The Allan steamers carry on Canada's great and old-established trans-Atlantic service. Tho Canadian; Pacific Railway Company, besides spanning.tho continent with its iron wpy from ocean; to ocean, already has its-Empress liners crossing tho Atlnntio: to Britain and the Pacific to China and Japan. The C.PiR. is a colossus, is :■ said; to ••: have over 70,000 people in its' employ,'and exercises a great influence on CanadianiVnod.lmperial -affairs.-: It is' sellinff to United States capitalists huge areas of its Alberta lands, and now appears to bo buying into the; Allan line'of steamers.- Tho Grand Trunk Railway, -now in -course of ' construction,; is Canada's No. 2,trans-oontinental line, -iud is being'assisted with' advances by tho State]