| Show OUTLOOK FOR UNION PACING Directors Hopeful That Regular Dividends Will WU be Paid CONDITIONS IN TUB lIE WEST WES Ai 41 Jun In 11 New Naim York rk a f Director 1 flor ReVert ork on 01 lie flit Lucia rut nl OIlS Mir IJ The Th directors of ot the Union Pacific Railroad company com n yesterday e declared the regular 2 per pur cent div dividends dl blends on the common anti and nOI preferred stocks payable Oct 1 The he books of at the company com pan close rose Sept Sel 1 and reepen rupen Oct 14 II 1 la time the New Nel York Herald Mr Horace 0 O 1 Hurt lut president who Is IR IRIn In tIme the city cly In II connection with the tIme thet meeting t reported that the conditions condition or 01 orthe the tue west ivest particularly along the tho line lino lne of ot time the Union Pacific Pacilio road rad were et hIghly satisfactory Speaking of oC time the vomit corn crop erol he hit sold said that so far ur as U hi lila hid observation observatIon tion lon went while It I u likely to be Pc short Ahart It WOK true wai not ot wholly hol unfavorable some BalM points pints showing up exceedingly well wel as us against poor ioor spots Mr Hurt Duet declined to 10 RP specify cIC the pur nur purposes poses fur for which the Union Pacific r I me negotiated time the ten Ian million I I Ion dollar dolar loan beyond lime 11 made cred creel credit credI recently recel Inde that the it I bitt been bee I utilized In favor of the Southern road The Tue nature of ot time the the acquisitions which vere mentioned at nt the time the announcement was US made of time the company borrowing have ha never neel been mentioned One of time the directors of o the company yesterday elaborated somewhat on aim Oi Mr Ir Burts references to the con diton of at the tue road moat The h fat statement ha ho h said would show about 11 1 per cent earned carnel for far the Iho common Independent of or the charges for or currying the time Southern Pa Ia Pacific II holdings If I these were ere charged oft off ot to other otle accounts than operating ex censes tho the road rad rant would show earnings of ot ofU U ii 1 per Iler cent on omi Oi the common stock The Theat satisfactory at traffic returns he lie remark ul eel Were Sere a I surprise even elen to 10 the directors ll tore tors torl und mud Ild more inure SQ I ever In vica of ot I time the long continued machinists strike on the road Operating expenses hd had the tue he lie remark remarked ed add about Ot to Its Ita surplus from an un Increase of at about abul 13 1 3 In n gross gro a earnings Speaking of ot the rumored acquirement of at additional holding in Southern Pa Pacific Ia Pacific stock by tile the til Union Pacific as 1 a I result re ull of ot the Talbot J Taylor falor Co failure It was definitely stated sPited that Ihal the tho Unlue Pacific had not Increased Increase Us Its Ia holdings The he company already holds OO of ot the tIme stock and alt for Cor purposes which with will 11 appeal to all al who recall recal time the courts courtl decisions In the Northern NOther taw ease COl It H Will 1 not nt in lii increase II crease CI S titto to an In absolute numerical majority It I was waB not riot denied that on this the In Southern Pacific stock Inter Interests vets ests eel friendly to 10 the Union Pacific hud hail hll bought but auch audi purchases purchased It II was 11 at were ivere not made through thru h Iotla but butIn butIn ut utIn with the tl party pry Lol In the time open ol n market The Time slon was nl conveyed that Ihal tho time minority holdings un on In which time the light was waged last lat Inter were not nut now no considerable Speaking of ot the time reported unsatisfactory un tory results attendant upon ullon the lie Salt Lake ke cutoff where It Is alleged ert trains of or earn cars orl and locomotives and und crib ana ann trestle Irete work sink Into a an disappear front from frol view It was wn stated Slate th tha the reports were merely mere sensational en tonal One of the directors to to sells satis satisfy fy t himself elt on the time point pint reported porle that he had visited Salt Sit Lake Ike City 1 it and In Inspected inspected the work Ho Uc hail had proceeded In his private car eight el ht miles out on Urn the th trestle and lied Imd found It I absolutely firm The Te work was mine WIS admittedly a dif dlf difficult engineering feat feal but would be f ul successfully and a great saving to the company In the end |
