OCR Text |
Show mi OF ST. PAUL'S COAST EXTENSION Will Be $5,000,000 More Than Company Originally Reckoned On. NEW YORK, July 15. The cost of tho Pacific coast extension of the Chicago, Chi-cago, Milwaukee & St. Paul railway, which it is expected will bo open for , traffic on July 1, 1000, will bo about .?5,000,000 more than the company originally- reckoned on, it was said yesterday yester-day by an officer of the rortd. a This additional cost is due to tho decision to run the road at a -lower grade overjtho mountain division than was at first planned. The totnl cost of the project is now put at $77,000,000, but as $100.-000.000 $100.-000.000 of preferred and common stock has been issued to provide a balance for future contingencies, there will bo no shortage oC funds, notwithstanding tho increased cost. |