Show ORDERS ISSUED TO V HOLD RIO GRANDES GRANDE'S EXPENSE Bill DOWN Reported Instructions From New YorK Offices Give Rise to Comment Injunctions are said to have ha been is issued issued issued is- is sued from New ew York City to officials o othe of the Denver Dener Rio Grande Grando Railroad company company com corn pany to curtail tho the letting of all al Important contracts that may be under undEr consideration lion tion ton anti and to purchase no more morA supplies than euay Y n be necessary for tho the safe hand hand- ling of oC tho tiu railroads railroad's business until further fur fur- ther orders and instructions are issued by the main offices of the company in in New Kew York City While local Rio Ro Grande Grando officials decline to discuss the matter mater further than to say they know nothing of the supposed sUPPoSEd order ordEr or oi of Its IR significance If Il It has hai ha hen ben Is Issued Issued Is- Is sued the opinion is current lUTent that Important Important Important tant developments may be he expected expectEd with within wih- wih in tho the next few days day and that this order If it ii has been heln issued is a I forerunner o of announcements of nn an In important nature Rumors Humors are aie e current in New York ac according according ac- ac cording to the Wall Val Street Joural generally gen en- en considered a reliable authority on financial matters maters that I Edwin dwin Hawley is conducting negotiations to secure control con con- ti-ol ti of f the D Denver nver D-nver Rio Grande Grandc It I also confirms the tho statement that was recently recent recent- rEcent rEcent- I ly made macIc that control of the roa road had hat from the hands In which it was originally held in re recent ent stock tons Hawley Frank Trumbull B. B F. F Yoakum and others closely associated with Mr hawley are said to be on their wa way to for the purpose of making a tour of inspection of the Rio Grande and the Western Pacific In Tn a R recent recent Issue the Wall al Street Journal Jour Jour- nal which is considered to be VI very close coEe t 1 to Kuhn Loch Loeb Co hankers bankers who are said to be bo behind the Hawley Interests made madl the following statement Stock Sold Recently Since the first of tho present nt calendar year rear as nearl nearly as can be le determined the company has sold an additional preferred stock bringing the amount outstanding up to Denver balance sheet as of January 31 last lat shows that prior to that date elte and subsequent to June 30 1909 1009 the company company com corn pany disposed of of Its Is first consolidated consolidated con con- en- en mortgage treasury bonds 5 first and refunding Ss S's and Rio Grande Grandc Western first consolidated 45 in addition additon to the preferred stock tock which it is stated state was sol sold at par for cash It I It is difficult to see how the Denver r could find a market marlet for Its Is preferred stock at par w wien en that issue is quoted Inthe in inthe inthe the market around SO The inference might be drawn that the tha stock was worth that price interest to secure control con- con Rumors Humor have been rife for some sometime sometime time that Edwin Hawley would finally finaly turn tur up In control of the property He le Is known to have wielded considerable in influence in- in fluence of late in its management and particularly as to the tho Western Vestern Pacific The Western Wester Pacific runs over the Great Western Power company's right of ot way for some considerable distance and this company is a a. Hawley property Money in Treasury financial position can be considered con conS at present as a satisfactory one The company has lies over cash Inthe in inthe inthe the treasury and end its working assets are over Its Is preferred dividends for forthe forthe forthe the year are assured and a substantial surplus will wi be available of It i becomes necessary to make any payments on account account account ac ac- ac- ac count of the Western Vestern Pacific whose bond Issue is guaranteed by hy the Denver This is Is however not probable for the Interest interest inter Inter- est eat on Western Vestern Pacific's bonds is still sti beIng being hebig be he- ing big charged chargEd up to construction account from funds set aside aide at the time the tho bonds were sold How much longer this will VIl be done one the company does not say The next semi-annual semi interest on Western Pacific first mortgage bonds will wH be duo dle dleon on September 1 I and will wi amount to 1 1 Should the Denver Denvel be called caled upon to pay this the cash cah already aready in the treasury treasur will wH be adequate to meet this payment At the loa local offices or the road roa it Is stated that no information has been re received received re- re bearing on the change of control |