OCR Text |
Show SIGNIFICANT CALL IS ISSUED FOR MEETING Sail Lake. Ail? IS At meetings of; thp stockholdprs of the Utah Light ft Railway compan and of the Salt la, Liglit & Traction company, to be bold I on September IS. the proposition of, consolidating the two companies wil, , , be considered The proposal of a i , merger of the two traction companies , is believed to be a step in the pur-chase pur-chase of the street car system o: Sail l ake by the T'tah Pow er & Liht com pany. The Salt iike i.ieht Traation company was recentK orcranied with! 'a capital of $1,000,000 While no def Intte statement with reference to the) Identity of the company was made by an of the officers of the new corpora j ' tion. it Is generally believed to be an organization subsidiary to the I tab Power & Light company, consoli datlon of the Utah Uh' & Railway I d am and the Suit Lake Licltt dv Traction compan: will probably mean t mccessfu consummation of the negotiations which have been pending" i for several months for tbc purchase o I the street railway system by 'he t ta.i Power Liht company. Officers r the two companies : rerdai declined to make anj state input with reference to the proposed merger, othei thn the formal an-nouni an-nouni emen 1 of the two meetings of the 8to k holders called for next month. |