New York, Jan. 29 plan for the reorganization of the Studebaker Corporation, under which $3,800,000 new capital Jguaranteed by a group of underfweiters, has been approved by the [Chicago Federal Court.
Copitalization of the reorganized concern will consist of five million feommon shares with a par value of of which 2,138,000 will be issued, Jand $7,000,000 six per cent. deben* tures.
Noe holders and other creditors Jwill be reimbursed partly by White IMotor Ca. shares and partly by new [Studebaker stock.
Common stockholders must sublscribe to the new debentures and new common stock with a view to gaining an equity in the new corpora Stocks of Chinese cotton in wharf warehouses in Shanghai on Jan, 27;—Kind of Cotton. "Bales of 800'Ib, Lingpao (Including Loyang and Ningpo eatin one Rumgehow oer TeealCneniding" uchong' "and
orth Wangs 2 30 Fooeheo) seeming kal Foul.
Deliveries of Chinese cotton from at to 27, 1998
Text read from the printed page and cleaned; old type leaves the occasional error.