A low surface brightness dwarf, ESO 359-G29, in the neighborhood of the NGC 1532/31 pair, has the morphology of an early-type dE,N/dS0,N nucleated dwarf in yellow and red wavelengths, but shows an Sm or Im late-type morphology in the blue. This mixed morphology is similar to that of the prototype example NGC 4286, companion to NGC 4278. VLA observations of H I, however, show that ESO 359-G29 has a typical dwarf hydrogen content unlike NGC 4286 which is hydrogen depleted. The velocity distribution in NGC 1532 has also been determined from VLA observations of H I. At a distance of 64 kpc from the galaxy, the rotational velocity is 250 km s^-1^, and it is still slowly increasing with distance. The unique geometry and relative motion of the ESO 356-G29 and NGC 1532 configuration suggest that ESO 359-G29 is in a polar orbit of NGC 1532 at a radius of 83 kpc and a velocity of 300 km s^-1^. From these velocities, we derive a total mass of NGC 1532 of 1.7 x 10^12^ M_sun_. The halo radius, although uncertain, is probably not larger than 70 kpc. The disk component contains less than 10% of the total mass and its mass-to-light ratio is in range of 2.5-7. The mass-to- light ratio of the halo material is greater than 80.
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