The D., Y., A. A. & J. May Be Sold

THE D., Y., A. A. & J. MAY BE SOLD

RUMOR SAYS THE DEAL MAY YET GO THROUGH

Detroit United Railway Will Be Purchaser--Very Anxious to Own It

The persistent rumor concerning the sale of the Ypsi-Ann electric line has again bobbed up. The Evening News of yesterday has the following:

The Detroit, Ypsilanti, Ann Arbor & Jackson electric railroad, the only one of the suburban lines radiating from Detroit which is not now owned by the Detroit United railway, will probably become a part of the latter system within a very short time. According to those who are well informed regarding the situation, a few details only remain to be completed before the sale is consummated. The Detroit United in known to be very anxious to acquire control of the Ann Arbor road, and about six months ago secured an option from the Hawks-Angus syndicate. The price that the Ann Arbor people wanted then was a little too steep, and it is said that negotiations which have been carried on from time to time have resulted in satisfactory arrangement of terms.

The Detroit, Ypsilanti, Ann Arbor & Jackson road is looked upon as the best proposition in electric railroads that runs into Detroit. The system extends out as far as Jackson, is well built and thoroughly equipped. There have been three bond issues, the last one when the Jackson extension was built. These bonds are quoted at 112, 107 1/2 and 92 1/2 respectively, and the fact that the Detroit United has been known to have an option on the road has kept their prices first in the market.

Just how soon the actual transfer of the property will take place cannot be ascertained. S. F. Angus will admit nothing, and simply says there is no change in the situation.