New-York tribune., 1901-02-02

cation l0mranNs me- MillSu - 49,
Union Pacific system; and another leased line
the Central Pacific Railroad. runs eastward 10
acaer F-tah the western terminus OF the Union
Pacific The Union Pacific and the Southern
Pacific also have long jointly owned the occi-
dental and Oriental Steamship Company Whieh
operates a line OF steamers from san francisco
10 the Pacific islands and the Orient Through
the control of the Southern Pacific in It's inter
est the Union Pacific win henceforth have also
share in the business Of the Pacihc Mall
Steamship Company, majority Of the stock OF
which corporation was purchased by the South
crn Pacific last November, and in the ocean
lines Of Aorgan's Louisiana and Texas Railroad
and Steamship Company. extending from this
city 10 New-Orieans, and from New-Orleans to
Cuba and to points in Texas.
The Southern Pacific system. exclusive of its
1856 miles Of steamship lines, Of which 3.44O
miles are proprietary, comprises these lines
OF railway: The Central Pacific Railway, the
Louisiana Western Railroad, the Southern Pa
cihc Railroad OF California, the Southern Pa
cifc Railroad Of Arizona. the Southern Pacific
Railroad OF New-M Mexico and the Southern Pa
cifc Coast Railway.
The Southern Pacific Company owns con-
trolling interest in the following roads which
are. however. operated Independently: The Gal
weston Harrisburg and San Antonio, the Texas
and New-Orleans the New York, Texas and
Mexican the Houston and Texas Central. the
Austin and Northwestern. the Central Texas
and Northwestern and the Fort Worth and New
orleans.
Through Morgan's Louisiana and Texas Rail
way and Steamship Company the Southern Pa
cihc company controls the following indepen-
IDENTIFY operated roads: Gulf, Western Texas
and Pacific Direct Navigation Company and the
iberia and Verminion Railroad The Oregon
and California Railroad is leased and operated
ny the Southern Pacific company.
The stock which the Southern Pacific com
pany owns in these companies was secured oy
the exchange for IL of Southern Pacific company
stock The stock Of the proprietary lines so
purchased is deposited in trust with the Union
Trust Company, and is not negotiable until the
Southern Pacific company's stock therefor is
sued has been cancelled.
The lines leased by the Southern Pacific com
many. representing over one thousand miles OF
road are the oregon ana California Railroad
tha New-AIexioo and Arizona Railroad ana the
Sonora Railway Two thousand miles Of roads
sT7liated with the Southern Pacific include the
following lines: Austin and Northwestern Cen
tral Texas and Northwestern, Fort worth ana
ew-Orleans Houston and Texas Central Gal
weston. Houston ana Northern. Carson and Colo
rado. Houston. Eastern and Western Texas.
Houston and Shreveport San Antonio ana
Aransas Pass and the ella Valley, Globe sno
Northern
HISTORY OF UNION PACIFIC
The Union Pacific Railroad was incorporated
IN Utah June %. 1897. TO succeed the Union
Pacific Railway 1t owns directly the main line
IRON Council Bluffs Iowa, 10 ogden. Utah, lo45
miles the line from Kansas City, No. 20 Den
yer. GA miles: the line from Denver 20 Chey-
enne lO4 miles, the line from Galesburg, Col,
- Lasaue. Col, 151 miles, and 9lS miles OF
branch lines, making total Of 2.sas miles OF
road directly owned.
Besides this the Enicn Pacific controls the
Oregon Short Line Railroad running from
Granger. wyo 10 Huntington, Ore, with a
branch from Pocatello Idaho, 10 Helena, Idaho,
and another branch from McCammon. Idaho
passing through ogden. Utah. 20 Frisco. in
the same State with numerous branches 70 other
points IN Utah. There are l,4s9 miles Of the
oregon Short Line and 1908 miles of the
oregon Railroad and Navigation Company, also
controlled by the Union Pacific, which extends
from Huntington Ore, by way Of Portland
Ore to Olympia and Seattle, Wash. with a
branch from Pendleton, Ore, through Walla
WaIla 10 Spokane Wash. The oregon Railrosd
and Navigation Company is controlleo through
the ownership Of a ma jority Of its stock by the
Oregon short Lire and the Union Pacific. The
Union Pacihc thus owns and controls total OF
From ogden. where its main lire ends it gets
into san Francisco over the Central Pacific.
has been steady. varying little from day 10 day.
on January . 1901. II closed al 441s Last Fri
dev closing a. 43i2. with net gain OF y, II
continued 20 advance slowly. point by point, un-
I'll on Thursday il closed al a. an advance OK rs
over Wednesday
made on a tremendous scale, sales aggregaung
over 275Ae0 shares. They sold as high as 4J4
down 10 a6h, and closing az 46's, net loss OF
i-nion Pacific shares have been steadier than
even those OF Southern Pacific during the winter
T~-.s~.- Too sfirI- rzwrarr
closed at S2ls preferred at s4es. Last Friday
both common and preferred closed at 81 Since
the first Of the week they have hung close 10 the
SO mark On Thursday $500 shares of common
were sold. the stock closing at Sifs, net gain
OF rs Yesterday Union Pacific was the feature
nf the market IN the last half hour Of trading
While southern Pacific lost 2as points from
Thursdays close. Union Pacific common made 2
net advance OF 27S points. closing strong at S1Al
Two hundred and seven thousand eight hundred
shares OF common were sold. The preferred
gained only "a, closing al S43l.
The Southern Pacific company. which was or
ganized IN 1854 under the laws OF Kentucky
owns track in Zee, but operates principally
through ownership of stock and partly by ieasE
the many lines which collectively are known as
the Southern Pacific system The company has
an authorized capital stock Of 5000 600 000, OF
which Sl91 S32 l4s is issued. It's bonded in
debtedness is about l24.O00.000, including ths
bonds issued IN 1899 in connection with Its
acquisition of the stock OF the Central Pacific, a
the time OF the settlement of the debt due from
that corporation 10 the United States Govern
ment
IS ssG1Ts7 700 OF which SOS $50 500 is outstand
ing; and It's authorized preferred stock IS 500.
100000. Of which 500 $50 800 is issued. OF ~
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