| Show IL n A 8 S L ROU ROUTE E 11 ACQUIRED BY Us P CX SENATOR CLARK AND associates STOCKS AND BONDS TO NEW OWNERS permanency of road Is 1 now is price paid for by purchasing company for western road new york the union pacific lall load wednesday acquired full owner blila ut ur the los lo anglea salt lake company by purchase of stolk lind and bonds held by former united states senator william A clark of dontina SIon don tana and ills his associates the union pacific previous to the tha purchase liase announce announced officially wednesday by both parties in the transaction owned one halt half ol of the securities of the los angeles isalt lake railroad co the of affected of 4 per cent bonds of uio the los angeles isalt lake railroad nall road co for fop which the union exchanged other securities dollar for dollar these included of southern san francisco terminal nill 4 per cent bonds of southern pacific first refunding 4 per cent bonds bonda and of oregon railroad nall road and navigation company first lind and refund re fundine 4 per cent bondi bonda the union pacific statement declared the tranger assured the permanency of the position lon of its sy system steril in southern uth california with its rails in log angeles find and tile the pacific ocean at san pedro harbor the logical and natural of 0 los angeles sc salt lake railroad the statement said ultimately as a rail rond load property Is ns as a part of the union pacific system and appreciation of this wa was supposed oed to have led to the tale sale by the dark clark interests |
