| Show COLORADO FUEL IRON CO BIG improvements contemplated BY THE stockholders new york sept 12 president J C osgood of the colorado fuel and iron company acting for the board of dl hectora rec tora has sent to the stockholders a circular explaining the use to which the proposed increase of in the capital stock will be put the apportionment portion ment Is as follows fuel department iron department part ment auxiliary plants working capital it Is only proposed to dispose of the new issue from time to time as the improvements prove ments can be made and bids have been received to purchase much stock at a price considerably abaye the present market it the proposed new improvements prove ments can be provided from new capital the company will begin at once to pay off stock arre arges and a continuance of present conditions will enable them to pay the 8 per cent on the common stock before returns can bo expected from the new capital it will require at least two years to complete improvements in the iron department it Is proposed to increase the present output to tons finished products annually this output will ie ony one third of the requirements of the territory in which the company has a distinct advantage in freight rate being all of the united states west of the missouri river and mexico |
