New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-12
SALE SATISFIES U. P.
ASK UNDERWRITERS "
Subscription to $75, OO0,O Bond
Issue Little OUer $4,000, 900.

7. vas officially announced at the offices of the
Union Pacific Railroad Company yesterday after
noon that the stockholders subscription to the new
s-sVneo per cent convertible bond issue would
amount TO only~sa nttlel more than 100000
No specific statement TO the amount of the
subscriptions was given out. and when a sequest
for such statement was made. an official Of the
company said: Just say that the subscriptions
exceeded 100000. Those are the figures. and the
company is entirely satisfied with the outcome.
How about the underwriters?" he was asked
The Official smiled. he replied: you will
have 70 ask them about that"
At the Office Of Kuhn. Loeb & Co, the managers
OF the syndicate which underworld the bonds all
Information regarding the issue was refused.
The subscriptions were only about half the
amount predicted In the most conservative circles
in Wall Street which means that the syndicate
Ell be obliged TO take more than $50 0n OnO of
the issue The first call on the underwriters il
was said yesterday, would be made some time next
week and as they took the bonds at S. they will
Ultimately have 10 pay the Union Pacific COM
pany between s6l00o,0G0 and S62 100000
While the small amount of the bonds sub
scT16ed for would make it appear that most Of the
slocHdloloers OF the Union Pacific company did not
aVaH themselves of the opportunity subscribe.
this was not the case, according TO well informed
interests. These interests said yesterday that
most OF the leading stockholders participated the
underWTatsrs syndicate and got their bonds in
that way
Il was strong and extensive He added that
between . and 30 per cent of the members Of the
syndicate were abroad. which, with the latter fig
ure basis. means that more than SIS Q00.oo0 OF
the money Will be supplied from abroad.
The stockholders subscriptions to the per
cent bonds of the Atchison, Topeka & Santa Fe
Railway Company received thus far in New York,
London and Amsterdam IL officially announced
Yesterday. aggregated SIS SSl 600 1t was said that
delayed subscriptions would probably bring the
total up between 100000 and 100000 It was
said also that - cent of the total amount re-
ceved represented fully paid up subscriptions.
SIX million dollars of the amount subscribed II Is
understood. came from abroad
officials Of the road said that In view OF the I'M
favorable condition of the bond and money mar
ket the Offering should be regarded s reasonably
successful They said that far no action had
been taken toward disposing OF the unsutscribed
balance OF the $6 coo issue which was offered 10
the stockholders at par.
II intimated, however. in other quarters
that syndicate composed of local interests would
make offer to-day TO the Atchison to lend the
company the difference between the amount of the
new bonds subscribed for thus far and the total
issue for six months at or per cent and take an
option the unsold bonds at par and interest
As the issue not underwritten like the Union
Pacific bonds. there is doubt that the company
viii seek some means of raising the additional
capital which would have been supplied If the en-
tire S26e0.plo had been taken by the stockholders