Railway finance, meetings, etc.

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Irondale, Bancroft and Ottawa Ry.—A report is current that an arrangement is being made for the amalgamation of the I.B. and O.R. with the Central Ontario Ry. The two lines have their terminal points near each other at Bancroft, Ont., and they both have power to construct extensions from that point. Neither line is financially strong, the C.O.R. particularly being the subject of continued law proceeding as to title and its bond issues. The I.B. and O.R. is one of the lines which the James Bay Ry. Co. has power to purchase as part of a connection with Ottawa and Great Northern Ry. of Canada. We were recently advised that there is no truth whatever in this press report.

Railways: C.O.Ry., I.B. & O.Ry., J.B.Ry.

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