OCR Text |
Show RAILROADS TO M MAKE EXCHANGE Ixss Angeles, Cal., Aug. IS, An IH nouncement has been made here ot H the practical conclusion of an Inter- M railroad bargain wherein $10,000,000 H worth of main line trackage on two ot jH the largest systems of the country M changes hands.,The Southern Pacific H companv owns a stretch of track from M " Mojaveto Needles, 242 miles, which H Is under long time lease to the Santa I H , Fe. and the Santa Fe owns 262 miles H of line running from Nogales to Guay- H amas. Mex.. which is under lease to H the Southern Pacific. H ! it is announced that on his recent B visit to President Ripley of the Santa H Fe at Santa Barbara, President Lovett M of the Harrlman lines proposed an. B even trade of the two lines, and It was H I accepted. Papers for the transfer ar jH said to be ready for signatures. M I oo H |