Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-09-29
Report that There is Any Traffic
Deal Between Two Roads
Denied.
WITHOUT ANY FOUNDATION.
So Says Freight Traffic Manager Bid
die Of Southern Route - Rail.
road News

Topeka Kan, Sept 2&-W y, BID.
die. freight trafiic manager Of the santa
re this afternoon denied the report
that there was any traffic arrangement
between the Santa Fo and Union Pa.
cihc Mr.. Blddle characterized the re-
ports TO the contrary as being abso-
lutely without foundation,
There have been many rumors dur
Ing the past week about a change IN
the ownership Of the Atchlson. Sew
cral Interests are credited with desire
to gain possession Of a majority Of the
stock, Regarding this the traffic Off
olas had little 10 say The statement
Of Mr. Biddle is good evidence. how
ever In the opinion Of the local rail-
road men that nothing short OF COM
plete change In the ownership " the
santa re can bring about the proposed
alliance with the Union Pacific
II Is stated positively In Wall street
that h. II. Hartman, u. j. Berwind
and James Stllman the Rockefeller
banker, were In conference al Newport
Saturday and Sunday on the Atchison.
Union Pacific Rockefeller community
OF interests deal and that the Rockefel-
Ter interests had used their $1,000. 900
September dividends to buy 100000
shares Of the Union Pacific total OF
100000 shares, while they also secured
$50 600 shares of Atchison
II Is reported that the three fnan.
clers arranged traffic alliance between
Union Pacific pnd Atchson and that
control Of 100000 shares Of Atchison
or about three-fourths Of the total of
2.ll6, 1919 shares. has been accumulated
IN the interests OF the Union Pacific
Pennsylvania, st. Paul, Rock Island
and Missouri Pacific thereby establish
Ing a community Of interests between
all Of these systems,
The report OF the Atchlson Topeka
& Santa Re Railway company for the
year ending June 30 shows that gross
earnings were SOS, 7iI2 200, an Increase OF
IS 500 s02, and operating expenses si2-
222,0l2, an increase OF s3,7si. 1922, leaving
net earnings Of t25,9ls.l67. an increase
OF S2,035SS0. The report sets forth that
Nh' NNhNiAblAAlf hhl llb Aflt year
chargeable 10 capital account for the
construction and acquisition Of add
tlonal railways, equipment and other
properties and for improvements
amounted to $i4,558.7s0, and that tho
sum Of $4,000, 900 was charged 10 profit
and loss and written of property ac-
counts IN respect Of betterments, Inn
equipment and discount on
bonds President Ripley points out
that the revenue was fayorably affect
ed by a substantial increase In the
citrus crop Of California, by small
Increase IN cotton movement from
Texas and the Indian Territory, and by
large increases IN the movement OF gem
eral merchandise and lumber Against
these Increases there was a loss IN reye.
nue. from coke and coal tonnage. MI
Ripley makes the following reference
TO the strife Of coal miners In Colorado
and New Mexico.
ION Nov 3, 1903, occurred strike OF
coal miners In Colorado and New Mex
co, which closed the mines. and is es.
timated TO have cost your company In
loss OF tonnage and enhanced cost OF
fuel not less than 1900 900 net"