Canadian Northern Ry. construction, etc.

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Wellington Collieries Ry., etc.—Press reports state that the Wellington Collieries, the Railway, steam and other vessels, and the other Dunsmuir properties on Vancouver island, have been sold, one report stating that the C.P.R. is the purchaser and another the Canadian Northern Ry. A Victoria, B.C., telegram of Feb. 11, says that Mackenzie & Mann are the real owners of the great coal mines and coal bed areas on the Dunsmuir interests on Vancouver island. The price paid is said to have been $11,000,000, and the firm is reported to have been backed in the deal 'by J. P. Morgan, of New York, and his associates. A part of the project is to erect immense steel and iron works on the island, and one of the provisions laid down is that $5,500,000 is to be spent at once on developing mines and the associated enterprises. The price, $11,000,000, must be paid in cash by May 1.

Railways: C.No.Ry.

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