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Show 0O.O0f Tk6 Boatoa. Xews Baraaa has the fallowing fal-lowing comment oa W altera Paeiae daaaees: " Wssters Pacific's construction ae-eoant ae-eoant will be closed Jaae 30, after which earnings and credit will be expected ex-pected to provide for entreat operettas; operet-tas; and interest requirements. When the tret mortgage bond, begaa to draw intern September 1, 1903, it waa charged to eoaatroctloa account, as as-penaea as-penaea hare been since the line waa opened for traffic over a year ago. Re venae, from traffic have been credited cred-ited to thin aceoaat and for thia reason rea-son ofleiala have ia the past rear do-eliaed do-eliaed to reveal what reveaae progress the road waa making. "With the new aaeal year earnings wiD bo published monthly, and owner. Rio Grsnds securities will be let into the secret of the former's earning capacity. ca-pacity. "Up to Jobs 30 next Westers Pacific Pa-cific will have charged to construction 414,500.000, or ave and' five sixth, years' interest oa first mortgage bonds. As proceed, of sals of tbs 60,000,000 firsts with bank interest amounted to only 48,088,000, ths property haa actually ac-tually received ths benefit of only' about $34,000,000 from this bene. Ia addition Western Pacific sold 45,000,-000 45,000,-000 second mortgage bonds to tho Denver, Den-ver, which, with - interest, realized 1,7X0, aad Deave had further advanced ad-vanced to June 30 last 4,S0fi.OO0, realised real-ised largely from sale of 4,000,000 of its owa preferred. Westers Pacific '. total cost and interest np to June SO, 110, amounted to 70,483,000. exclusive of accrued interest oa its second mortgage mort-gage bonds. Denver carries oa its books a deficiency charge against Western Pacific which amounted to 35,870,000 oa Jans SO, 1010. At present ths charge probably exceeds that amount by $2,-000 $2,-000 000. ' 'Although bringing tbs Pacific coast extension to ths producing stags hss exceeded ex-ceeded original estimates by over $28,-000,000, $28,-000,000, the new line is sxpeeted ia a reasonable time to justify its expensive oonstraetion and ths additional burden placed oa Denver's finances. "In the first half of ths present fiscal year tho company was ssid to bs earn- ing eloss to S6000 per aula per annum. Under bettor buaioess conditions it should easily szceed this amount. Its modsra construction aad assy grades will eventually make low operating costs possible. It penetrates ths largest larg-est fruit section of California, aad ia Nevada one of ths largest virgis timber tim-ber regions ia ths west, estimated to eontaia over' 100,000,000 esrloeds. Through Nevada and Utah it penetrates region, of abnadant water supply sad great irrintioa poaaihilitiee. For this reasoa Western Pacific is sxpeeted withia two years to ears gross of between be-tween $9000 and 310,000 per mile. "An important factor Is the traffic contract between Denver aad Missouri Pacific, which provides for operation of main lioes of those companies aad of Western Pacific ss a joist through lias between fet. Loo is aad Baa Francisco. Improvement in operating conditions on Missouri Pacific, sow fairly assured, will bs followed by a corresponding increase in-crease in through traffic between these points. Geographically, ae other trans continental u better situated to secure this through business aor has asy other' tins as favorable grades over, ths Sierras Sier-ras as Weetera Pacific." . - aULTXBOAD JTOTBaV. A special . train, carrying MO soldiers n route from the coaat to the eaet. will arrive In this city over-the Western Pacific Pa-cific this sfternoon. Only a short stop will be made here, after which the special spe-cial will go east over the Denver A Rio o- - ... ' fl. V. Dvrrmh, eaewlstatit Mn-tral frtlftit tmVMt for th Dnvr A Rio Ormawd, r-oeivsxl r-oeivsxl ttktoffrmm this moretnc announe-Ins announe-Ins th 4ftth at Bt. Lmif of C. O. War-ntr, War-ntr, for many mn first vios prcstdont of tho MlMotsrfl Paiflo arid iiht hand man to tho lat Jay Gould, fhm dispatch vraa Ifiied y H. B. ICootwr, a aoo-tn-law of Mr. Warrtor and tormtrir mnoral ant for tho MImouH Factfto la this cltj. J. W. lfulhorn. general uprintndnt of tho Utah llnoa of tho Denvor Rio Oraade. haa fono to California on a abort bostnoaa trip. |