The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-05-10
cosD4eE TRANSFERS 1LocaEo Up.
whep the COMPANY 80 Its Stock
May BE Taken OF The List.

Char cellor NcGill denied yesterday after
noon the application o. Eeee!vers Edward p.
c Young and George ". Loper o! the National
CordaCe Company for such a modification Of
the receivership order rs woald permit the
transfer o! stock on the company's books
The application WAS made ~ Lawyer Charles
l. Corbin. and The Chancellor held his decision
in ressrva Yesterday morning he had o eon-
suitation with NJ. Corbin .
The Chancellor sLid alter NJ. Corbin went
away that he would not permit Ery transfers
OF stock until he Was Assured that the Interests
OF the creditors were protected He had made
some suggestions to Mr.. Corbin. be said.
which We're 70 be submitted TO the creditors.
and his decision would be Influenced By the
desire Of the creditors The Chancellor cid
not say what the suggestions vera The
creditors eviaAntly did not think that their
Interests would be protected by the transfer Of
stock because the Chancellor refused the
kppli cation.
In the after noon c CON nittee from the Stock
Exchange called Oh tie Chancellor and made
anothe. proposition. They asked him 10 per-
IONA parts 0. 100 shares for !uli blocks. The
certificates FOR lrss than 100 shares do not
beSalse they are not a good stock exchange
delivery, The committee explained 20 the
Chaneeilo or that there were a great many hold
luks W ~ "
shares. and that II these could be consolidated
into blocks Of y their delivery. u sold. would
tie recognized on tie rt.eE Exchange The
Chancellor said he would look into tie matter
and give q decision io-oAy.
Esneiysrs Young and Loper are PREPARING .
statement Of the conc zion OF the trust They
expect to have II ready some tine next week
The receivers o. the company. the directors.
and others directly interested in Its Affairs
had a nnnter OF conference. Yesterday at the
CordAge beadqGA-erS l35 Front street As .
result IL is understood that DrexeL Morgan q
CO. will take steIs with Q. view Q! reore4liZ,
ing the conIany's Affairs Al !ehs. Wall
street understood yesterday that this was TO
Cn'ets . reorgsnization IL determined upon,
the Indications are that Cordlgs VIII Dc slpec
oli on the Stock E1ehapge- The governors q
tia, Institution are not ~ III pleased WIN re-
Taekef Carers big ropewh!k in Classea
avenue, BROOKLYN was closed yesierchy. in
ccLseqGenee. IL is fA!d. q! ccnpiicatiers arls-
ing from TIE failure Of the .AstionL! toTcAss
LeuIALy. The superir,endert, not!aed HE
resumed rtxt week Work has been suspended
81 tie eCr5Lge factory OF u. Allen d sons, IN
sltih street and Third avenue, Broes4yn;
Shlch SSs rot COM sr'ed with. the AaIlonAI
..fsia5I " which T. Is t.ia. has ish .ss
~. re resumed OF n more satisfactory basis
some O. the ute works IN Wiliamsburgh
Atne 80 if-porRr!ly stoDI+d operatlohs
80 =, - Att.rturT. counsel lor NE "a.
re e2rrphuy LAD lot prepared any statement
1I!t h..lft lie sHid that some o! the men
,.'sist't. q TIE company vii get toEether
ee' 49, c!stuss IL the AnAlrs OF
snS e.UtLly lss.tly oth~r similar rpeetings
coihnltiet v! - chostn which giii prepare
As"eG' - lie coz pBny's creditors