OCR Text |
Show CAPITAL STOCK OF N. W. PACIFIC TO REACH $70,000,000 SAN FRANCISCO. March 13. The directors di-rectors of the Northwestern Pacific railroad rail-road have authorized, and the stockholders stockhold-ers will shortly approve, a bond Issue of $35,000,000. The new corporation, which represents a consolidation of the Southern South-ern Pacific and Santa Fe, Is capitalized for $35,000,000. In addition to the $35,000,000 of stock, it Is now proposed to Issue $35,000,000 of bonds, and when these bonds are formally authorised at a meeting of stockholders, April 29, the total capitalization of the company will be brought up to $70,000,-000. |