The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-05

and secure at satisfactory adjustment OF
difficulties in reorganization. The pros
pect of success is remote.
The Chicago-St. Paul lines would be
on comparatively the same basis II all
were out of the organization, and the
benefits gained to our road and the Bur-
lington by remaining in under the present
situation are insignificant. No action has
been taken yet, but the present state of
affairs cannot continue long. Either the
roads now out must rejoin the association
or it will become thing of the past. The
Milwaukee would probably re-enter II the
other roads would take the same action
and abide by agreements. Past expert
ence does not justify the assumption that
they would. "
The directors of the Union Pacific have
decided to recommend to the sharehold-
ers an increase in the preferred stock Of
$25 zoo, 900 to 800, 900 600, and an increase in
the common stock of 81, 500 600 to s95, 900, 900.
The additional preferred stock Is to be
used for the conversion at par of the out
standing. about s14,0O0.00o Oregon Short
Line per cent bonds and of the sll, Co.,
900 Oregon Railroad & Navigation pre-
ferred stock. The 81, 100000 new common
stock Is to serve for an exchange of an
equal amount in the hands of the public,
the balance being already owned by the
Oregon Short Line. The S per cent. Ore
gon Short Line "a" bonds are to be taken
up with Union Pacific first mortgage
bonds. now in the treasury of the com
pany. This will complete the exclusive
ownership by the Union Pacific of the
entire line from the Missouri river at
Omaha and Kansas City to Portland
Ore.
The somewhat chaotic condition of the
Western Passenger association places the
Chicago-St. Paul rate situation on the
verge of another serious disturbance. The
Milwaukee is now going it alone" and
the St. Louis, Great Western and Wis
consin Central are as independent as ever
before. 1t is semi-officially announced
that the Milwaukee in Withdrawing from
the association was prompted by a deter
mination to go after one of the weak lines
which has caused the troubles through its
operations in Chicago-St. Paul transpor-
tation, and that the road will open up a
fight which will, without doubt, seriously
affect Chicago rates.
The Milwaukee's opponent issued cir
cular naming a rate of s. to Chicago, de-
termining to force the formers hand. At
ter the rate was made the ill-advised ac-
ton was reconsidered and the rate was
withdrawn just before it was TO become
operative. In the meantime scalpers'
rates are having a merry dance.
Dudley Ward, the British army officer
who has been in the city during the last
few days Quitting for hunting expedi-
ton for big game in Montana, left yes
terday over the Great Northern in COM
pany with C. B. Sterling of New York
city, says the St. Paul Pioneer Press. Mr..
Ward left London on few hours notice,
and on wager that he would kill tive
bears and return with their skins, but
while his particular object is the shoot
ing of bruin, he will hunt for mountain
sheep, antelope and other large game he
may find in the vicinity. The party will
leave the train at Midvale Mont, and &C
into the mountains from that point. Mr.
Ward will do his hunting after the fash
ion in vogue in Africa and India among
British sportsmen. A party of real hunt
| ers will be employed to round up the
| game and when they discover it Mr.
! Ward Will sally forth with his gun anG
| shoot the bloody beast.