The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-03-14
RAILROAD NEWS.
Union Pacific Buying Burlington
Shares
Union Pacific Men to BE Elected
to Burlington Board
PRICES JUMP 10 POINTS
Rock Island Railroad Is Branch
ing Out.
Contemplates Building Six New
Extensions.

New York. March 1.-THE Mail and
Express To-Day prints the following:
1t was learned today from an authori-
tative source that the large blocks of
Chicago. Burlington & Quincy stocks
which have been bought in the open
market during the last three or four
week caused a jump Of 10 points in the
price were taken for the Union Pacific
and within a very short time this will
be followed by the election Of several
u P. men to the board Of directors
Of the Burlington company.
The closer relations which will follow
between the Union Pacific and Burling-
ton are only less important than the pur-
chase OF the Southern Pacific by the
Union Pacific
The Burlington was the company
which was most to be feared by the UE-
lon Pacific In transcontinental territory,
the Burlington reaching well out into
Colorado and threatening to build ali
Independent line Of its own to the Pa
cifc coast Such road would necessar-
lily parallel the Union Pacific to a great
degree, and there is reason to believe
that the Burlington people were lending
aid to some of the recently Incorporated
companies-notably that promoted by
Senator William A. Clark from Salt
Lake City to Los Angeles.
The Union Pacific viii not have a con
trolling interest in the Burlington for
the purchases of Burlington stock 50 for
aggregate much less than one-half of yhe
amount outstanding, which IS s108, &c.,
500. including the last issue
The Union Pacific'S purchases are said
to be between 10000 and 100, 600 shares
and the holdings are to be increased
when it can be done at concessions in
price
WILL NOT BE MERGED
San francisco. March 1a.-CharIes NJ
Hayes. president OF the Southern Pacific
VINO has JUST returned from the east
said in an interview
IL do not think the Union and Central
PACING are TO he merged. As to the
Southern Pacific closing the Ogden gate
way to ali lines save the Union Pacific.
the rumcr is all bcSh.
He added that while the Union Pacific
viii have a voice in the Southern Pa
cltic 5 affairs, its relations with its other
connections viii continue undisturbed-
President Hayes said that Governor
Torres. Of Sonoma, whom he met in
Mexico. wants the Southern Pacific to
build an extension southwest to AGazar-
Ian. an important Pacific port Of Mex
ico@ so that the line may be used as a
military highway by the Mexican gov
ernment In the opinion OF Mr. Hayes,
such a road may be constructed by the
Southern Pacific The company is figlIr-
ing on a branch line 10 miles long ia
Sonora to tap some valuable coal beds
Docks are to be built at GuaymaS the
terminal of the Sonora branch of The
Southern Pacific on the Gulf Of CaIif0F-
MIA When completed, Mr. Hayes saws
the Pacific 1IaiPs Central American bus
mess win go east and to EurOra via
Guaymas, Benson and E. Paso. Instead
Of through this port This route will he
shorter and viii avoid mountainous lines
Mr. E. Dickinson, general manager Of
the Union Pacific road. win leave here
today in a special train for a tour %
inspection over the coast division OF the
Southern Pacific