Show FINANCIAL AND NEWS W STOCK REPORTS AND WALL STREET NEW EI OHIO COPPER CU CO ORGANIZATION PlAN iNClUDES R. R R. R I t. t the plans for reorganization reorganization fit Jt appears that g of or the Ohio Copper are matting maturing ma ma- turing arid and that within a few months Ul the new 1 new company should be operating from the East are that the re reorganization reorganization reorganization re- re organization plan o of the Ohio C Copper Mining l company calls for formation with of of a a new corporation n new nv w securities of which will wilt willbe willbe be stock and 6 per cent cumulative repayment convertible bonds The plan also provides for Inclusion in inclusion inclusion In- In of ot the BIngham Central rail rail- way Fore Foreclosure losure will take place August 22 It is understood that holders of more than of the o outstanding Ohio bonds have consented consent consent- ed td to the plan In order that the Bingham Central part of the plans may become effective the reorganizers of Ohio demand that 75 per cent of the tonn company's bonds be deposited by August 15 Stockholders of the Ohio and BIngham Bingham Bingham Bing BIng- ham Central companies may subscrIbe for tor the new bonds at par and accrued accrue int Interest rest The convertibles will also b be beiss iss issued ed in exchange for the Ohio company company com corn pany 6 per cent first mortgage year 20 bonds on the basis of new bonds bond for of old Provided 75 per cen cent of nf the outstanding Bingham Central bonds enter reorganization o othe of the Ohio company and the railway 1 Is turned over to the new company free fre fr from m all liens and debts there will b be Issued par value alue of the new company bonds and of It Its stock Or in lieu thereof the Bing- Bing ham bam committee may turn over to th the I Ohio committee all bonds deposited with it for tor which there shall be Issued by the new company for each bond o othe of the Central 46 per cent i In bo bonds and 46 4 per cent in stock of th the new flew corporation The reorganIzers five lve plan a 1 years years' voting trust for the outstanding capItal cap cap- Jt Ital |