Show HEAVY SALE OF STOCK Rio Grande Western Disposes of 7000 Shares BOUGHT BY SPENCER TRASK Stock is Balance of Authorized Issue of Preferred and Brings 90 Proceeds Pro-ceeds to Pay for Utah Central Main Lino and Equipment Improvements Im-provements President Palmer Speaks Well of Utah and Westerns Traffic New Lino to Tillamook TcNew Time Cards Change Today Notes i Tl RUNE SPECIAL Now York May 12 President Palmer Pal-mer announces the sale to Spencer Trask Co of the remaining 7000 shares of preferred stock of Rio Grande Western at 00 less 2 ½ per cvnl commission com-mission This disposes of the full amount of tho preferred stock authorized author-ized The proceeds of this stock will be used In part payment for expenditures expendi-tures made to change the gauge and reduce the grade of the Utah Central railroad fo > Important change of grade and curvature on the main line to lessen the cost of moving the heavier hea-vier traffic which the road is enjoying trte I for further betterments on various ordered lines and for additional equipment dered since the last report to lln stockholders stock-holders The officers take this occasion to stale that the large Increase of earnings earn-ings Is due to Improvements In nearly every line of local and through mule both passenger and freight Spencer Trask Co offer all this stock at S90 to present stockholders to the amount of 1 I per cent of their present holdings No fractional shares will be Issued but holders of less l than twentylive shares will be secured tho right to subscribe for Cne share |