Show GOAL BONDS IN DEMAND Pleasant Valley Company Also in Financial Move f STATE TRUST WANTS TO BUY Has Significant Relation to Rio Grande Western Moves as Coal Company is Owned by Same People and its Output Represents 37 PerCent Per-Cent of Total Freight Tonnage Increases In-creases in Demand Cause Great DevelopmentMeans Big Thing for Utah Railroad Notes i From preliminary action taken 1n New York Monday the Pleasant Valley Coal company of Utah Is a PartY to current financial deals At that time I tho State Trust company as trustee under un-der the mortgage of the P V company received proposals for the sale of the coal companys bonds The trust company com-pany offered to purchase out of the sinking fund bonus secured by the P Y mortgage at the lowest price at which the same shall be tendered but r I not exceeding 115 per cent exclusive of interest accrued to an amount1 not exceeding 1181356 While there Is no person In Utah who can tell the whys and wherefores of all I these financial moves yet it is certain that the latest has the deepest significance signifi-cance in relation to the Rio Grando Western The coal company Is owned I by i the same parties who control the railroad and the construction That It I Is a very valuable property Is proved by l two facts Its bonds being quoted at15 per cent above par and during the last fiscal year bituminous coal represented repre-sented exactly 371S1 per cent of the Rio Grande Westerns total tonnage With no other figures to go on but those of last year it Is safe to say that the present fiscal year will show a 5U percent cent increase In coal tonnage which t I means In round numbers 600000 tons to be mined by the Pleasant Valley Coal company The State Trust company of New York is j a neighbor of Spencer Trask Co the financial agents of the properties prop-erties and last year the big consolidated consoli-dated mortgage of the Western was executed and delivered to tho same i trust company bearing date of April 1 1899 and expiring In 1818 Following that action came the vast Improvements to both railroad and coal properties and then the financial statement state-ment Issued by Spencer Trash detailing detail-ing tile wonderful showing made by tho railroad properties This was succeeded by the rumors and various statements of the purchase of the Colorado Midland stock tyy Trask Co and others In the Westerns Interest and lastly the move of the Slate Trust company to buy tho coal companys bonds These are merely the facts seen by the public The officials are not expected I ex-pected to give away any of the Inside facts but It Is I easy to see in the light of the great local development of all the corporations the preferred of the railroad at 12 and the coal bonds at 115 with various other piomlslng conditions con-ditions that the Utah corporations arc taking the first steps in JL march of progress that has never been equaled r in this State The Rio Grande Western will not be 1 alone In making Improvements for the Pleasant Walley I Coal company Is doing Its share and from now on to October tho dull season for coal mining the plants will be remodeled Sunnyslde coke ovens erected and all outside work completed for next winters run which will show a tremendous Increase over past outputs |