The Washington times., 1922-06-29
REDEMPTION Of:
BONDS IN JULY
T0SE:T RECORD
Railroad and Corporation
Bonds Amounting to $1A,-
77e, 900 Due.
BY MUNROE ROBERTS.
tcopyright. 1922. by Cosmopolitan News
Service.)

tCopyrtght, 1879 by Cosmopolitan NeWs
service.)
NEW YORK. June 2s.-Raalroad
and Industrial corporation bonds
called for payments or refunding
during July in advance Of their ma
turity. establish a new high record.
This is traceable to the prevailing
conditions in the money market,
where loaning rates have been scaled
down to the lowest since the latter
part Of 1917. The regular compila-
ton OF the Dow-Jones Company
makes the total redemption OF cor
poration bonds in July $144,779. 900,
compared with s28.282 900 in June,
and S4.839, 900 in July Of last year.
The largest and most important Of
items is the Northern Pacific Great
Northern joint 6h' 3. due 1885. which
will be paid off on July 27th at 103h
from the proceeds Of a new bond is.
sue.
Among the other important issues
that are called for redemption are
S.. 900. 900 Cleveland Electric rs.
due 1895; $4,000, 900 Shawinisnn.
w and p. 7h's. due 1925: S2,&OO, 900
Cincinnati Gas and Electric SIS.
due 1922: $2.l95, 900 Union Bag and
Paper SIS. due 1890: $4,000, ,00D Gin
cinnati Gas and Electric. due 1929;
81 .865,450 Providence Gas convert
ible rs, due 1923; sl.750,00o Peet
Brother Manufacturing Company
rs. due 1923: 312.522 900 Oxford Pa.
per first SIS due 1880.
Seven OF the joint stock land
banks have issued bonds which are
actively traded in in the market
which now comprise a special cate
CORY Of unlisted bonds. The Chicago
Bank has outsta nding a 5h per
cent issue due 1923. and a 5 per cent
issue due 1851. on which the current
market yield is 4.64 per cent; the
Lincoln. Neb.; San Francisco,
Memphis, Tenn; Kansas City, Mo-.
AMI Fremont, Neh.. banks each have
and 5h per cent issues outstand.
ing.
Bids for Philippine government
collateral bonds. having a face value
Of s2.75o. 900. are being sought by
the Bureau Of Insular Affairs Of the
War Department at Washington.
The bonds will be issued In coupon
form OF the denomination Of 81 1000
each and will be dated June !. 1922,
payable December l. 1850. with in
terest at the rate Of ~ per cent. In
terest is to be paid on June l ana
December each year. The legality
Of the issue has been passed upon
by the Attorney General.
The listing committee OF the New
York Stock Exchange has recently
made a number OF important add.
tions to the list Of. new bonds ad.
mitted to trading on the big ex-
change: Among these may be men.
toned: $50, O,O00, 900 Kingdom Of Dem
mark twenty-year 6 per cent exter.
nal loan gold coupon bonds; 5000.
600 Canadian General Electric
twenty-year debenture s per cent.
series "A" bonds: S5.S20.7oo temper.
ary fifteen-year Z per cent sinking
fund convertible debentures Of the
Punta Allegro Sugar Company; 81.
900, 900 first mortgage twen:y-year
per cent sinking fund gold bonds
Of julius Kayser & Co.; $6,s32. 900
prior lien mortgage 5h per cent
gold bonds of the st. Louis and San
Francisco Railway Company; S2.-
$50 900 first mortgage per cent
gold bonds Of the Louisiana and
Northwest Railroad Company: S.
424, 900 5 per cent first and refund
ing sinking gold coupon bonds Of the
Denver Gas and Electric Light
Company: $9.37S,Oo0 General and
Refunding mortgage gold bonds. 6
per cent, series "a" Of the North
ern OIL Traction and Light Com
pany. and 81 400 6 per cent Gu
mulative preferred stock Of the
North American Company.
The most prominent Of today's
new bond offerings is an issue Of
81 800, 900 State Of Missouri 5 per
hn.,iaa honda dafAd March