Show REORGANIZES Subscriptions to New Stock Exceed Four Times Over While nothing additional concerning the details of the reorganization of the company as given in yester yesterdays yesterdays days Herald has reached the city a brIef message from Clarence K Mc McCornick McCornick Cornick to hie father W S McCo McCornick nick shows that the big deal was con consummated consummated summated on Tuesday and that the treasury stock was four times over oversubscribed oversubscribed subscribed and that 17 was being of offered offered in the market with no sales Stock in the new company has a par value of 25 but at what price it was decided to offer the shores of treasury stock no word has yet been received As 17 was bid for the new stock on en the New York curb the con conclusion is drawn that the subscription prIce was probably 15 Mr stated during the afternoon that he was altogether In the dark concern concerning concernIng ing the details of the business that had been done |