The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-04
FINANCIAL NOTES.

. The Coal and Iron National Bank has been
desi grated by the Superintepdept OF Banks
holders of the bank win meet April to vote
upon a propositioh TO Increase the 'eapitai,.
stock 5000 900. The new stock. with the, e1-
ception Of 10 per cent, viii be offered to
shareholders a. ?2O per pc share in proportion
deposited with the executive committee TO
ton at not less than $50 per share.
The United Nat ional Bank, recently p,ur-
chased by f. H. Thomas and 70 be changed to
= = Trust c GEmPaRy' T'' is DC at c1 lf west Ses n Fortyl
second street.
The Milwaukee Clearing House Association
has adopted Il resolution similar to that
recently adopted by the New York Clearing
House, approving the proposed amendment
to the national banking law permitting the
combined capital and surplus instead OF TO
10 per cent. of capital alone.
The Indianapolis and Louisville Railroad
Company. recently organized by Interests Of
the Chicago. lndianapo,is and LoHisvifIeG aati-
MiIIb Sss sua l2 by the ChiCa 60. ihdianap;
oils and Louisville; The American Trust and
savings Bank and f; II; collins 60 q Sons Se of
York have purchased 81 500. 600 Of these bonds.
which are a first mortgage fifty year 4 per
now being built from Cloverdale, on the
main line of the ,"Monons in Indiana, ex-
tending TO the coal fields of southern Indiana.
The bonds cover both road and equipment
and are not to exceed s25 900 per mile, The
road is leased for ninetE-nine years by the
on Which dividends of I per cent. are also
guaranteed.
Notice is given that the Buffalo. Rochester
bids up TO 3 p. NJ, March 10 for the purchase
OF 1000 shares of the Allegheny and Western
s E@ilEa a5f ths n 2 Value q per Of si SsH3 eaq f"aF Re- bids
Of less than i4O per cent. fiat will be enter
tanned.
TO take over the clyde lines, has filed q first
mortgage to the knickerbocker Trust Com
st,o,6,o9S have been issued and 1900 200
reserved for new ships' aoqGisl exnae % s Sc par
cent. of the cost of the same. The bondS are
dated February s; 1900, and are due reorn.
airy !, 1891. but subject to cal on any interest,"
date at 10, The company also has 100000
of stock,
The Copper Range Company. has trans
ferred the contract for selling OF the copper
from the American Metal Company to the
is the HmsISamateds selling agency, and
now that the copper war has been settled
will probably act as selling agency for all the
HeinZe mines, II is also the selling agency
for the Lewisohn mines.
President +. Bedfort of the Corn Products
R Re- Company i hUys n SHd s sl&G STst dTTee.,
| tors meeting, and from the figures and facts
| presented we are quite hopeful as 20 the
future. Orders have been given to equip all
our principal plants with modern machinery;
| some Of the old ones. however. not located
favorably, may be dismantled and the prop
erty sold. We believe the new pure food laws
will be very much to our advantage. especially
as they affect syrups.
The Iuterboro Bank at 10 Wall street will
move about April ! to.the. northwest corner
Of Exchange place and William street. under
meath the Metropolitan Trust CompHny's
ofices. New interests. including those related
with the Metropolitan Trust Company, re-
Gently purchased control Of the interboro
/ bank. II was rumOred ~ the time that. the
Interboro, which was a young and small. IN
stltution, was to become n branch Of the Met
ropolitan Trust Company. but this was denied