Show Ittiilroad Consolitlnttou New York ISTho Sun says It transpired about noon yesterday that the Boston directors of the Union Pacific Railroad Company were ia hero and holding a session in conference with Jay Gould in reference to the consolidation of the Union Pacific with the Kansas Pacific Railroad Company It is learned that Ihe consolidation In its essentials was practically decided upon three months ago snd only the details remained to be settled These details were the subject of discussion yesterday but apparently final action was not taken upon them Probably Prob-ably the stock of the two companies will bo taken upon an equal footing as they are selling at nearly the mme price in the market but the arrangement of the debt wil cause more trouble A prominent director in both companies ventured to remark that there was some around for the reports about tho consolidation but he was cot at liberty to speak upn tho subject until the details were definitely and formally agreed upon |