The Washington times., 1924-08-18
ILLINOIS BONDS
PLACED ON
SALE
Numerous State and Munich
pal Issues Are Offered
Bond Mart Today >

NEW YORK, Aug. ia syndi-
cate headed by the Guaranty Com.
pany. OF New York, and including
the Bankers Trust Company, New
York; the Equitable Trust Com.
pany, New York; Estabrook & Co.;
Remnick, Hodges & Co.; Ames,
Emerich & Co.; Eldredge & Co., the
Detroit Company. Inc; First Ma
tional Company, of Detroit; Kountz
Brothers; w. A, Hartman & Co.,
Inc.;. Keane. Higbie g. Co., and
Hannahs, BALM & Lee. Is offering
today $12,000,00 State Of Illinois
gold bonds, comprising 50, 900, 900
highway 4 per cent bonds and 49,.
oOo,oo service compensation AZ per
cent bonds. The highway bonds are
to be dated August /. 1924, and are
due serially each March ] from
1885 to 1941, inclusive, and in 1913
and 1914. They are offered at par
for all maturities, to yield 4 per
cent.
The service compensation bonds
are to be dated September 1, 1924,
and are due serially each August /
from 1925 to 1914, inclusive. These
bonds are offered at prices to yield
from ~ per cent to 4.05 per cent.
The issue Of compensation bonds
was authorized by act OF legisla
ture and approved by vote of the
people by a large majority. The
legality Of the issue has been up
held by unanimous decision Of the
Illinois Supreme Court.
X. M. Grant and Company are
offering an issue Of Duval County
Florida, five per cent gold bonds
due 1887 to 1853. at prices Ia
yield 4.50 per cent.
Eldridge and Company and M
M. Freeman and Company are
offering a new issue OF $1,472 .O0C
City Of Trenton, N. J., Az per cent
school bonds, due serialiy Septen
Der 1, 1850 to 1860, inclusive. al
prices to yield 4.05 per cent. The
bonds are tax exempt in State Of
New Jersey and legal investment
Tor savings banks and trust funds
IN New York, Massachusetts and
connecticut. Principal and semi.
annual interest Is payable at the
office Of the city treasurer, Trenton
N. j.
H. L. Allen and Company. are
offering $1,000,000 State of New
Jersey ~ per cent highway bonds
dated July 1, 1924, redeemable july
J. 1883. due July 1, 1854, at 1O2N
and interest to yield 4 per cent to
optlonal date and 4.25 per cent
Elredge & Co. are Offering $500.
'OOO City Of Hartford, Conn. south
school district 4 per cent gold bonds
que $4,000 annually September /
1870 to 1854, inclusive, at prices to
yield S.25 per cent for 1925 maturity
$50 per cent for 1925 maturity, 3.7O
per cent for maturities 1927 to 1929
ana S.75 per cent for maturities
1880 to 1854. The bonds are tax
exempt in the State of Connecticut.
White, Weld & Co. are offering
$26O,OOO City and County of Denver
Colo, gold Az per cent water
bonds, due January /, 1914, at price
to yield ~ per cent. The bonds
are legal investment for savings
banks and trust funds in New York
and Connecticut and constitute
direct and general obligations of
the city and county Of Denver, Colo.
Colo.
Stifel, Nicolaus 4 Co. are offering
a new issue Of $24S,000 city OF
Beaumont, Tex, direct obligation 5
per cent bonds, due serially from
1925 to 1854 at prices to yield 4 to
AIS per cent. These bonds consti-
tute a direct obligation of, the city
Of Beaunant, being payable from
ad valorem taxes levied against all
taxable property therein.
Splitter, Rorick & Co. are offering
a new issue of 100000 Putnam
county, Florida, road and bridge
district 5h per cent bonds, due
July 1, 1r5S, at price to yield $40
per cent. These bonds are free
from Federal income tax.