Show = 0 c RATIFY THE E PURCHASE I 0 1 L Meeting of D GStock I holders Called PRICE WESTERN 23750000 I 1 Four Important Propositions to Be Acted Upon at Special Meeting in 1 0 Denver on May 15thStock Issue 0 Increase How Shares Are to Be Exchanged Amend By Laws 0 Shops Will Not Be Moved From Snlt Lake Commerce Commission to Meet In Son Francisco Notes 0 New York April 2A special meeting I meet-ing of the stockholders of tho Denver i r Rio Grande railroad has been called i for May 15th In Denvcr to vote on the I following propositions I FirstOn the purchase of the Rio 0 Grande Western by acquiring the common I 0 com-mon and preferred stocks of that company 00 com-pany SecondUpon canceling the Denver Rio Grande stock now In the treas preferred and 7 ury mainly 4350000 500000 common and thereupon increasing i increas-ing the preferred stock from 23050000 0 to 11400000 to acquire the Rio Grande 0 Western ThirdOn assenting to the issue for future capital requirements of 0900000 consolidated mortgage bonds FourthTo decide whether the directors 0 direc-tors may by a twothirds vote of their entire number have the power to revoke re-voke or amend bylaws The transfer 0 books will close April 15th and reopen 0 May IGth Subject to the authorization of the Increase proposed 12500000 of the new preferred stock will be offered to the companys stockholders at 90 Holders of common or preferred stock of record April 15th may subscribe for tho new preferred stock at 90 to the extent of one share of the new preferred for every five shares common or preferred 1 of their present holdings An analysis of the purposes of the i 0 meeting shows that The Tribunes estimate 0 es-timate of 20000000 as the price of the Western was nearly exact for the Increase In-crease of D R G preferred to takeover take-over the Western amounts to 523750000 It Is also apparent that only the higher class of D R C5 stock is to be increased in-creased owing to the greater value of Western stock also that one share 6f the new preferred will be worth five of 0 the present preferred or common of the 0 D < fc R G and lastly that the new D fc R G preferred will be thrown to the luCky ones at 90 to equalize the 1O Present ruling of Western preferred In the stock marketr To those who follow 0 the financial moves of the day it appears ap-pears that although the D R G has bought the Western yet the tall Is wagging the dog as the comparisons of yesterdays quotations will show Rio Grande Western preferred lOlVt Denver Den-ver Rio Grande preferred 1 97 i Rio 0 Grande Western common 80 Denver t Rio Grande common 16 The next important feature will be tho Identity h of those who will get the new preferred pre-ferred at 90 0 |