New Issue of Fifty Million Dollars Proposed New York, Nov. 27.
The directors of the National City Bank have recommended to. stockholders in the concern a $50,000,000 stock-issue.
The directors propose that $10,- 000,000 of this issue be used increase the bank's capital" from 110,000,000 to $100,000,000, $35,000,- 000" dollars be added to the surplus—making it also $100,000,000—and the remaining $5,000,000 be applied to the capital of the National City Ca, the. bank's investment subsidiary, making it $60,000,000.
The National City Bank is already largest banking institution in the United States.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.