Show the utah northern to bo standard fm MM MUST HIVE IT V A scheme by blikh allah wll DC largely sited roc or unicorn jt i or raeine alibi are formulate will salt some Ching ts to TUK I 1 HOSTON macs use 18 the di ol 01 the union pacific railroad held their regular quarterly today to day when among other important Imi cesa it was announced that the oregon bhart L ne and utah and northern hailway proposes to offer to each holder ot fifty shares of the capi lal stock the opportunity to for one block costing 1000 and co pitting ot the following securities iz oregon short line and utah northern railway company conoll tinted 5 per cent bonds due april 11 1919 and three shares of Us clock at OS the clicc shares of eatock being worth tl it to this is added the estimated of ahe bond na nely it eacle holder of fifty shares of tha capital stock of the oregon short line and utah A northern will have the opportunity to purchase at a cost of block of whose begot able bilue la estimated at each chare of stock will be worth on this basis the bulit attaching to about the airn tors then voted that each shared of union pacific block be given the right 10 subscribe for one block costing alom and consisting consia ting c creiton short line and utah A northern consolidated mortgage 5 per cent bold dae april 1 1919 and amr hares ot oregon short line and utah northern eatock it the new binds aall on the same Inte reit the ora gon short liue railroad company 0 percent bonds which are now fellick at about they will beell at about 91 the call of the short line ia bolg and four shares 0 stock are worth tam it to this Is added 25 for the bond it appears that each holder of esaies of union racina block will have the right to purchase for 1000 a block of securities of the value of the books of the orgon short line and utah northern railway company and of the union pacific Iaci fic railway company it is will be clobes january for he purpose of these subscriptions the union pacific company also announces thit the funds derived roin the sale of blocks will be used by the oregon short alln i and utah northern railway company in widening the guage from ogden to macam non BO as to make one standard guage line from butte on the north salt lake city to milford on the 8 auth la building the proposed from milford to pioche in nevada a distance of abacut miles find making on the main line of the company much necessitated by the greatly increased movement of tonnage the union pacific will also be put in funds to extend the cheyenne northern to the north to a connection with ahe lines of the northwest rn the of the new bonds is payable april ane issue is limited per mile of completed railway with provis ons for additional amounts when nece sHiry for terminals and secand brackn not exceeding in the aggregate per mile of double track and la secured by a first mortgage on miles of railway which will be immediately raised from the lien of the of the utah central first mortgage and by second mortgage with arc for the retirement of all underlying der lying first on the remaining 1715 miles of the oregon short line and utah fe northern railway company system the prompt payment of interest on alie elret day of april and october of each year is guaranteed by the union pacific railway under a traffic agree ment |