The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-02-10

yer g Rio Srance was to be sold TO James
= raaar az racine outlet for the Burning
In In DuflhS the last two weeks the vaFi-
( ous papers in the larger cities east and
west nave given considerable crederce To
mat rumor. and il was also stated that
tne sale would have the approval of +. n
- iiIis.n- railroad officials in Salt Lake
nave looked upon this report as perhaps
true at least, ds having some giinme~ CT
sense At the Denver & Rio Grande off1..,
Just recently an official of that road
For several months there has been a
SORT OF a vague feeling here. not exactly
tangible, but increasing in force all the
time. that something big concerning the
road IS to be pulled OF We don't knew
what II IS. We can't place our fingers on
the reason for the feeling II shows up
oeLWeen lines in the correspondence we
get IL Is IN the air. Perhaps this rlImor
about Hill buying the road is going to
como true We don't know. but there
seems to be something brewing
An impression that something big was
about to come off in connection with
the Denver < Rio Grande seems to have
been really caused by the strength shown
by Us common stock in the market Re
gdrdlng the rumOr of the purchase by
HUI the Wall Street Journal saws.
Whether or not Mr.. Hill is ambitious
to compete with himself and Mr. Harri-
man at the same time is of no particular
importance in regard 20 the Denver X
Rio GraHde- The latter with its Western
Pacific extension is y vital factor in he
future OF the Gould roads. and will not
pc disposed Of to any one as long as there
is am Gould system at all The Wester.,
Maryland or the Wheeling & Lake Erie
or both Of them might be transferred to
some other interest without danger to the
remaining Gould roads. and possibly 10
their advantage, but not the Denver &
Rio Graude''
An experienced railroad man Yesterday.
in commenting on the matter, said: ANY
rumorS Of a change in the ownership of
the Denver & Rib Grande that do not III
cludc changes in the ownership of the
Mis-, y sri Pacific and Western Pacific also.
can be passed by as totally unfounesssi.
mean the rejuvenation of the Denver &
Rio GTande and the Missouri Pacific
road
In looking back it is quite discernible
that for wear or more the plans of the
western roads in the Gould group. particu-
yer e. Rio GTanda. have been all SHAPED
with reference to the completion Of the
Western Pacific. The Missouri Pacific has
been making greet efforts to build up its
main line To Pueblo and Denver. The mile
age of the Kansas & Colorado Pacific 10
the standard Of the big transcontinental
road. so as to be capable of handling a
heavy through traffic al a minimum cost
The market strength of the common
stock of the Denver & Rio Crande is eK-
planned naturally according to figures
shown 20 tht statements tt is based prob
ably upon the earnings rather than on
prospects Of a change For three or four
years the road has earned at the average
rate of 4 per cont on the common stock |
aud has kept - record ND to date. Its
chances for making a better showing AZ
ter the opening OF the Western Pacific |
some time this wear are probably not be-
ing overlooked by those who put money
INTO railroad stocks