New-York tribune., 1922-01-05

Inc slo,o00,00o hfteen-ycar so nor
cent Province of Ontario bonds went
yesterday at bid Of l0l.A5, Canadian.
~ ~ a syndicate composed OF Kisscl
N'hnlcu1t VI u, a Co., Ha.sey, Stuart L Co..
w w "'1e' T "eid & Co.. Blair & Co.. Inc.
R,.,,n ~ H. compton Company, Stacy &
DTauh. Hayden, Stone & Co.. the Eoui-
table Trust Company, Redmond E. Co.
and associates. The high bid was
equivalent to 971a, American, figuring
oahao!an exchange at per cent dis
count. The bonds arc being offered
publicly to-day at 99$.. yielding a
shade more than 51a per cent. The
DIGS submitted indicated an unusually
VICE range Of ideas rs to the nnarl.et
1or the securities. Expressed in
oanad!sn currency. they follow:
bankcrs Trust Company and associ-
ates' 1ol.Z9; Kuhn, Loeb {; Co. and as
soclates, lOO.3S; National City Com
pany and associates. 1894, and A. 4.
Anles e. Co. and associates, o760
The Equitable Trust Company was
high bidder on the $3,OO0,O00 Western
Pacific Railroad Company first mort
gage per cent bonds, due March /.
1916, sealed bids for which were opened
yesterday. Its bid of 97.7773 compared
as follows with other tenders sub
nlitted; Guaranty Company and
garten & Co., Blair & Co., Inc, and
Bond e. Goodwin, 95.273; White, Weld
G. Co.. 96.03; Bankers Trust Company,
and Kisscl, Kinnicutt & Co., 95555; e.
I. Rollins G. Son and Hayden, Stone G.
o., 95.26. A public Offering of the
cnds is scheduled shortly.
The Guaranty Company as managers
the syndicate handling the S40OOO.-
20 Dutch West Indies loan, described
he situation last night as very salts
'actory. The bonds were handled on
80 per cent firm allotment basis and
OIL reports as to results had not been
tabulated.
Halsey, Stuart & Co. and A B. Leach
2 Co. are Offering an issue Of SG25.-
go City of Houston, Tex, bridge,
'aving and sanitary sewer 5 per cent
onds, due 1922 1947, at prices to
yield from 5 to AIS per cent, according
to maturity.
The Old Colony Trust Company, of
}oston; keane, Higbie G. Co., of New
York, and Edmunds Brothers, Of Bos-
ton, are offering a new issue of 5000.
600 City of Lansing. Mich. "a and 5
per cent serial bonds at prices to yield
from 400 to 4.40 per cent, according to
maturity. The per cent bonds, issued
for Improvement purposes, mature in
Various amounts from 1923-1932, and
the 4a4 per cent bonds, issued for pub
lie utility purposes, mature 193O-1936.
Blodget & Co. and Curtis e. Sanger
are offering S500,000 City of Winning
ton, N. c., SIS at prices to yield from
to ATS per cent, according to maturity.
A block of per cent external bonds
If the government of Colombia, due
March, 1947, and secured by direct
hypothecation of per cent of the
customs receipts, is being offered by
9.15 to 11.75 per cent, depending on the
rate of sterling exchange.
San Francisco dispatches yesterday
morning reported that the Standard
Oil Company Of California had opened
negotiations with investment banking
interests here for the sale Of an issue
of $4O,O00,000 debentures. The purpose
Of the financing concerned the develop
ment OF the company's properties in
Colombia and elsewhere in South
America and of its interests in Mon
tana, where it is associated with the
Transcontnental Oil Company. Bank
ers who have been identified with the
company's financing in the past dis
claimed knowledge of the proposed
issue, but reports persisted that bank
ing house not previously so identified
was arranging the deal, this notwith-
standing that private advices from the !
Coast quoted President Kingsbury as
denying that the company was con
latng any new financing.
The syndicate handling the $4,000 !
900 New York, Philadelphia & Nor
folk stock trust certificates announced |
yesterday that the issue had been fully
subscribed.
r. NJ. Grant e. Co. are Offering new
issue of $259,000 Norfolk County (Va.)
5 per cent road and bridge improve
ment bonds, dated May ] and June l.,
1920. and due May /, snd June L.
1910 The bonds are being offered at
1925 and interest, to yield about 400
per cent.
r. NJ. Grant & Co. yesterday an
nounced the receipt of advices from
Chicago to the effect that bonds Of the
new issue of $7,750 600 City of Chicago
5 per cent gold general corporate bonds
issued yesterday morning are payable
in New York.
A new issue Of s226,ooo Halifax
County IN. C.) per cent road and
bridge bonds, dated November /, 1921,
and due serially November !, 1928. to
November i, 1861. inclusive, is being
offered by Sidney Splitter & Co. at
prices to Weld from 800 to $50 per