Salt Lake Telegram | 1902-02-18 | Page 1 | New Yorkers to Buy 'Frisco City Railways

NEW YORKERS TO BUY FRISCO CITY RAILWAYS Syndicate e Will Close Its Option of Street Car Lines on February SAN FRANCISCO Feb 18 It It is announced announced an an- flounced that that the he Bal Baltimore syndicate which has been negotiating for the Market Market Mar Mar- ket street Sutro and Sutter street railroads railroads railroads rail rail- roads will close its option on February A local paper says that for the Market street railway approximately will be paid and for the Sutro and Sutter street lines The syndicate already has the San Mateo electric line which cost it about 1300 The option of the Eastern people on the Market street railway expires on February They paid for forthe forthe forthe the option Arrangements have been perfected to take over oer three-quarters three of the shares of stock The syndicate put up for an option option option op op- op- op tion on the Sutter and Sutro Suto lines It Is Isto Isto isto to take au all the stock of both roads It is the Intention of the syndicates says the Examiner to organize a n new w company and merge the Market Sutter Sutro and San Mateo lines New York bankers will finance the bonds of the new company