| Show II NEWS OF THE RAILROADS I t I Concerning the Rio Grande GrandI Western ern Denver Rio Pacific program the Railway Age says Rays The Rio Grande Western Vestern controlled by 11 stock ownership will be absorbed by b the Den Denver Denver ver Rio Grande Orande The stockholders of at atthe the latter corporation will win vote vate in July Julyon Jul Julon on a proposition to authorize authorise a refund refunding refunding ing mortgage covering the consolidated c properties to secure an issue of oC about of oC bonds of or which about SOO I will he reserved to retire under underlying underlyIng underlying lying obligations The Denver Rio Grande and the Rio Grande Western Vestern have hae agreed to buy at 75 h 71 about S of ot Western estern Pacific second mortgage bonds bond bondIn In connection with this transaction the Denver d 8 Rio Grande Grando has sold WO WOot of ot the Issue iasu of of Ir three e to ta fh five fhe e year fear 6 per par cent convertible notes note which I will wU be secured by deposit of the Western West Yest Western ern Pacific second mortgage bonds k Although lie increased freight rates rate have not yal y l gone Into effect the rail railroads railrOads railroads roads have not ceased to pay dividends Among recent dividends declared d are Southern common quarterly ls 1 1 Mr per preferred 3 h per cent Union Pacific common quarterly 5 per cent 1 ff x observation o cars are to ta be attached to the Rio Grande trains train be between between between tween here and Denver Dome after atter Juno June JUll 2 I This will be the purpose of ot enabling g passengers to comfortably enjoy the scenery scenerY scenery ery along the line during the summer months when the tourist travel Is heavy heavA A change in the I train tran schedule of ot the Rio Grande Western estern is contemplated It U will probably take effect eft ct June JuneO 2 sic ic k kT T O 0 Davidson general baggage agent of the Salt Lase J aUe a e Route arrival in the city yesterday John Ryan Ran has hu been appointed general superintendent of the railroad to succeed 1 H Jr R n Hainan H i is 15 headquarters are at Ludlow Gal Cat CalW W J Bogert no ert has halO succeeded lIucc succeeded H II S DIg Drys Drysdale dale as general genera agent of ot the Salt Lake Route te at Pittsburg g Mr og rt was formerly former general eastern agent of ot the Chicago Alton at New Jew York te The Interstate tc commerce commission has cited the Chicago Northwestern Union Pacific Oregon Short Line Ore Oregon Oregon Oregon gon Railroad Navigation n company comp and Northern Pacific to appear and ani answer allegations that there thre are no tory through routes or joint rates forthe for forthe or orthe the carriage of passengers over Oer the lines of ot these railways between bet Chicago ago and Portland Ore and Seattle Wash |
