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Show BONDS ON THE CUT-OFF Southern Pacific Arranges . for an Issue of Ten Millions. SAN FRANCISCO, Jan. 21. President Presi-dent E. H. Harrlman, president of the Southern Pacific, has completed, it Is said, arrangements to issue to New York bankers $10,000,000 of bonds on the Lucln cut-off of the Central Pacific. Pa-cific. The bonds will be secured by a first mortgage on the new cut-off and the securities will be known as "through Short Line first mortgage 4 per cent bonds." They are to mature on October Octo-ber 1. 1954, unless -previously redeemed as an entire issue at the company's option op-tion at 107H and Interest on October 1, 1909. or on any semi-annual interest day thereafter. |