The Washington times., 1924-09-26
FLORIDA / A 8 I.
C0BT BONDS
offered
Banker offer $4,000, 900
Refu1dlng Mortgage $, Per
cert Gold Bonds

NEW YORK. sept. 26.-I. X,
Morgan d Co. the First National
Bank ana the National city Com
pany are qfering SIS 100000 Of first
and reful@ng mortgage 5 per cent
series " gold bonds Of the Florida
East Coat Railway Company Ct %
to yield 6.22 pei. cent, The issue
will be dated September !, 1924
and willImature on It's fiftieth an
niversar
The binds viii be redeemable in
whole d IN part on ninety DAYS
notice hi and after September !,
1914, BIT prior to September !. 1871,
1T 105 Ind accrued interest. III sFe,
after hey win be redeemahls a
The bonds constitute a direct and
first lin on 139 miles Of railroad
and 81 an additional fifty.fiye miles
undereonstruction ana nearly com
pleted[ The bonds also are q Atcond
lien 81 GIG miles of railroad subject
Ia $4,000 900 Of ~ per cent first
lnortglge bonds.
IN j923 the income available fol-
fixed Charges on the funded debt
including the present issue was "a
tirnes the amount required The net
income ii that year Availabl fol-
diyidends after charges was more
than S per cert on the SS7, 800 ,0oe
capital N compile ion % ,e pres
emit financing the total funded debt
az TIE 81, nj vi he 5000
which contrasts with the SCI, 900, OO0
spent to date IN construction aud
Improvement d the property !,
The Florida last Coast Railway y
known as the F'iagleN system. Il
has $40 miles tract Age, Including
the fifty.five files Under constrnc.
ton and is tn only railroad ssry.
Ing the Easkrn Coast Of hat
Kuhn, Loeb \ %. have purchased
subject to de- approval OF tbs
Interstate C6lm6rce Commission,
$iS,7S0, 200 Isnnsylva1lia railroad
general Aquiprrnt trust ~ per cent
Certificates maturing IN equal
amounts In annual installn1entG
from Octoberl1, 1895, to October !,
1889. both inAusiVe, which are belR j
distributed ifivately at prices for
the several haturities which average
an income field Of 40 per cent for
equal arnoVhts Of all m9turities.
These cftificAtes will be secured
by new sandard steel equipment
costing nd less than $21, 200, 900 al
which rs per cent in cash 10 to be
paid by tie railroad company.
"A newissue of $2,600,0 900 Donnitli.
can repjbljc two-year 66 per cent
collatAr4 trust gold notes. dated
SeotenDer 1, 1924, and due Septetd.
Der 1925, is being offered by Lee,
Hireison 4 Co.; Dillon, Read & Co.;
Brow Brothers & Co., and Alex
ande Brown & Sons at 100 and In.
appoval Of the United States Gov.
ernnent required by the American.
Doiinican convention Of 1907.
fhese notes are secured by deposit
OF $500 zoo Dominican republic
tAnty-year customs administratioyl
81 per cent sinking fund RI
hnds. These bonds, together I'm
100000 other bonds Of the. rsnIs
isue are specific charge en- az c4s'
Ntplns revenues which the y ,,l
republic agrees shall X Is cOn IS q
during the life Of the pnIs BY AZ
official appointed by hs FTesluenl
Of the United States,
The proceeds from ness noscs as
being used in ccsAection with its
n,,bIic hi~hwavs and public works.
q. W. McNzr & Co. are offering
cam mo oIvEhorna city, Okla, s. per
cert uystsyworlte bends due $lOg, 900
snnuaIIv 1888 to 19l1 inclusive, ait
prices Is yield 4.S5 per cent. MI