| Show OHIO COPPER BONDS ARE SOLD Entire Issue Disposed of in New York on Monday Heinze Is Out Brokerage Interests in this city ester esterday day received word by wire from the east easl that the placing of all nIl of oC the bond bonts s of the Ohio Coper company was wasn n minced arranged cd In New York on Monday fondaY and that the money derived from their thell sale would be immediately were not nt received but the tho statement is issued issued sued Iu d on n the lOUt of the present month by bythe bythe bytho the tho company stated they were then being underwritten The Tue statement also con conveyed eyed the information that O of ot the Issue had bad been taken by stock stockholders stockholders stockholders holders of the company compan so fO the amount amoun sold on Monday was These bonds are convertible Into stock of the company at par so that one bond of 1000 will buy 0 shares of oC the stock Whether or nOt the company Is to receive Its money mone for the bonds bond In a lump sum sun was wa not stated In the dispatch but whether whet r It Is Or not so long lon as It comes fast enough for tor the completion of the big bis bl mill and the farther opening of the mine makes little difference and ad d It Is Isa a asure asure sure thing that the management would not have dozed closed clo ed a bargain that meant any anything an anything thing less I s sIt It was reported yesterday through Bos Boa Boston Boston ton that F A Heinze was no longer In Incon control con rol of oC the Ohio Copper company and that statement was verified here during the day a by competent authority though not lIot officially He fla is not out of oC the com corn company company pany by any means but he has sur surrendered surrendered surrendered rendered enough of oC his stock to make it possible for others to dictate the policies of the company and that fact most like likely likely likely ly is what has lus made it possible for the company to secure the money on Its bonds While many mining men here had hoped that Mr dr Heinze would not be com corn compelled compelled to surrender the control of or Ohio they declare liia doing doln so for the benefit of oC those who were associated with him in inthe Inthe Inthe the undertaking shows the kind of oC mettle he Is made of And they declare also that he will wilt yet retrieve his fortune and again become a power in thi th mining world |
