OCR Text |
Show UNION PACIFIC'S FUTURE. The heavy drop in Union Pacific stocks, in face of the fact that the road is doing: a steadily increasing business and the company haj a reserve of many millions of dollars, inspires the belief that tho big interests fear the government's action for the dissolution of the Harriman merger will be successful. The stock has been receding from its high position at the time of Harriman 's death until now it is thirty points below the high level and dropping daily. There is a general market decline, owing to unfavorable money conditions and disturbing rumors, but Union Pacific should hold strong even on a weak market. Mrs. Harriman may be disposing of her interests and the dumping dump-ing of the estate's heavy holdings might account for the slump. There is considerable speculation locally as to the effect the dissolution dis-solution of the merger will have on Ogden. If the Union Pacific is allowed to retain the Central Pacific, but is forced to part with the "Sunset Route" and the Oregon Short Line, then Ogden will be the gainer, for the Ogden yards will be brought under the management manage-ment of the Union Pacific and that company will be disposed to build up the terminal facilities and make of this more important headquarters, in harmony with the Hines system of centralizing the controlling force in the heart of the field of activity. |