The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-02
BIDS IN TIE SAP|lPA
Discussed at a Directors
Meeting in St. Louis
LINES IN CONSOLIDATION
Strikers of 1894 May Be
ReinStated.
LINES IN CONSOLIDATION

St. Louis, Feb. 1.-The board of directors
of the St. Louis syndicate which will
build the new railroad from Oklahoma
City to Sapulpa. l. T., met here today
FOR the purpose of discussing bids ten
dered by contractors. The new line, which
viii be los miles in length, viii be prac-
ticaIly an extension of the st. Louis ana
San Francisco, yet the latter will have
nothing to do with its construction, owing
TO an agreement with the Santa Fe by
which neither road can build an extension
in i've years. 1t is the purpose of the St
Louis syndicate TO make a contract with
the Frisco to operate it, there being no
clause III The contract to prevent the Fris-
co from making such an agreement. An
estimate of the expense of building puts
the cost per mile at $4,000, or s., 100 900.
LATEST IN CONSULTATIONS.
New York, Feb. Itch latest story of
railroad consolidation which is going the
rounds of Wall street is of d consolida-
ton Of some of the Guild lines with the
Rockefeller lines in the southwest. This
proposed amalgamation of interests in
ciudes the Missouri, Kansas and Texas,
Texas and Pacific and international and
Great Northern. Under the management
OF the Rockefellers the net earnings of the
Missouri. Kansas and Texas increased 81
10000 during the last year.
A CHICAGO CONSOLIDATION.
Chicago, Feb. IA consolidation under
one management has been effected by
three of the Chicago transit freight lines,
Railway company. The new system uni
fes lines that have heretofore been COM
petitive. Ii is practically an extension Of
the facilities Of the Union Stock Yards
and Transit company, which the nucleus
of the consolidated system. The consolida-
ton places that company in better compel
tive condition with the Western Indiana
and Calumet Terminal The consOlida-
tiCn is a step farther in the recent alb
sorption Of the Chicago. Hammond and
Western by the Stock Yards company, the
third addition being the Chicago and In
dian State Line railway. John A. Speer
il president of the consolidated line.
THE UNION PACIFIC FUND.
New York, Feb. Another nstallment
of 10 per cent of the Union Pacific deposit
on account of the United States govern
mont in certain national banks viii be
paid into the treasury by those banks.
The amount on deposit in this city IS
now about So. 600 600. The National City
bank paid into the sub-treasury today
s. 100000 in cash on account of its Union
Pacific deposits. and received back bonds
for that amount held by the government
a. security. The Union Pacific reorgani-
on yesterday it distributed checks for the
commissions due original subscribers to
the purchase money certificates The COM
mittee is now at work on the application
tn the Stock Exchange to list the entire
body OF new securities.
UNION PACIFIC CHANGES.
Omaha, Neb. Feb. Samuel A. Hutch
Jason. formerly general travelling passen-
ger agent Of the Union Pacific, was today
appointed assistant general passenger
a-ent This was the only appointment
announced today.
NORTHERN PACIFIC DIVIDEND.
New York. Feb. AT meeting of the
directors of the Northern Pacific railroad
today. President Mellin referred to the
estimate presented by him at the meeting
ol December 10, 1897, when he declared
that the net earnings of the road for thu
first six months would be about S6.64000O
lie pointed out that the net earnings fol
htat period had really been $780, coo more
than estimated. and predicted that fo'
the current six months they would react
s25ooo GOO dividend Of ! per cent from
,ha net earnings on the preferred stool
for the quarter ending March !. 1885, wal
,f..ga.a1 q, no r,aiI March
STRIKERS MAY RETURN.
Peoria. H.. Feb. Information Ia
reached headquarters of the railroad
brotherhoods in this city that the chair
man of the board of directors of tn
Chicago and Eastern Illinois railroad ha
sent circulars 10 former employees VIII
We're engaged in the strike Of 1894 invit
Ing them TO resume their positions.