| Show mm NA co Meeting Called to 10 increase Capital Stock Slack to it New Nc York July 11 Tho Journal of oC Commerce says AA A special meeting of or the he stockholders of ot the lina hina Ina Chemical company compan has hils been called caled for tor or the near future futuro at nt Jersey City Cly to net act upon tipon a resolution of ot the directors pro providing viding for tor an Increase of ot In Inthe Inthe the tho authorized capital of ol that corpora corporation tion ton thus ranking making the total capital 50 lO O This Pius action n Is a result of ot tho tue current plans plan of at the company In Recur securing ing In cotton coton oil aU properties with a n view Jew lew to secured supplies of at cottonseed meal men I from which are arc derived dorCI A circular sent gent to the tho stockholders by hy the directors set forth Corth that the tho com corn company lan pany line has been een figuring a n long time on some lome plan by which It I could the of or which It consumes about worth annually In tim I most economical manner It I Is pointed out that the quantity of ot alone Ilone would justify jUlty the In go going goIn ing In Into the cottonseed oil 01 business s hut but aside from that it I Is when properly con can conducted ducted Intrinsically a profitable bud busi business budness ness and would have the further ad ati advantage vantage of or placing tho the company moro more closely rogel In touch with the tho fertilizer trade ratio I It II J Is s for tor the purpose of ot buying up established cotton mills or establishing now ones onCI that the capital stock of ot tho the company is 18 to be bo increased l to fifty fit mil mU millions lions ions lons I The United Cotton Oil 01 company compan was recently Incorporated under New Now Jer Jersey Jersey sey 10 laws law with capital stock Presumably this concern will wl be turned over to the tho Chemical company The Th cotton coton oil 01 plants which so far tar as nR asIs Is IB known have ha been acquired by b I the Chemical company include the Southern Cotton Coton Oil Oi com corn company company pany a concern the Atlantic Refining company and the tho Interstate Refining ennIng company Several crude oil 01 mills art are nine also said nab to havo been jen pur purchased purchased chased o It I Is I also understood that the company compan has hal options on several other concerns but hut formal Cormal announcement of at purchase has not been made malI The local representatives of at the Unit United Uni ed oti o Cotton olon Oil 01 company are ar not pre pie prepared pared yet to t make any an statement ment about t I that organization |
