The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-12-29
WEST VA. GOAL
BONDS ON
IUNHUUU NNU ssrT~a
SALE
Bankers Offer $4,000. 900
Issue Of 6 Per Cent Mort
gage Bonds at 90

NEW YORK, Dec. 2e.--offering
Is announced for today by the First
National Bank, New York, and the
National City Co., Of an issue Of
$10,000.000 West Virginia Coal and
Coke Co. first closed mortgage G
per cent 25.year sinking fund gold
bonds, dated January /, 1926, and
maturing January i, 1850 at price
of SO and interest, to yield $50 per
cent.
The West Virginia Coal & Coke
Co., upon acquisition Of properties
in connection with this financing,
viii control, through direct owner
ship or through long term Favorable
leases, and aggregate of over $780,.
100000 tons of recoverable high.
grade bituminous coal located both
in the northern and southern sec.
tons Of West Virginia.
The first mortgage bonds win he
secured by a closed first mortgage
on all the real estate, coal acreage
and surface lands, mine plant, ma.
chinery and equipment, 1easeholds
and other fixed assets now owned
or hereafter acquired by the com.
pany except for purchase money Oh.
legations on property hereafter &C.
Quired. The book value Of the con-
Solidated properties based in part
on appraisals previously made, will
be in excess Of $25,000,000. Appli.
cation will be made to list the
bonds on the New York Stock Elk
I change.
A. b. Leach & Co., Inc, Illinois
Merchants Trust Company, the
Northern Trust Company, and the
Detroit Company, Inc, are offering
today an issue of $1,100,000 city Of
Asheville, N. c., AZ per cent gold
bonds, due serially November l,
1925, to 1865, inclusive, at prices
yielding from 4 per cent to ASS per
cent. These bonds issued for water
and street Improvement purposes
are direct and general obligations OF
the entire city of Asheville, which is
one Of the largest cities in the State
and an important manufacturing
centen, including a varied line Of
industries.
A syndicate composed Of George
n. Burr & Co., Caldwell & Co., Lib.
erty Central Trust Company, st.
Louis; Freeman, Smith & Camp
Company, San Francisco; Stephens
& Co., Los Angeles, and F. w.
Baumhoff & Co., St. Louis, are Of.
fering new issue Of $1,100, 200
Roosevelt Water Conservation Dis.
trict per cent bonds dated Decem.
Der /, 1924, and due serially Decsm.
Der /, 1885 to 1945, inclusive. The
bonds are exempt from all Federal
income taxes and are legal invest
ments for saving banks and trust
funds in Arizona and Oregon. The
bonds are being offered at par ard
accrued interest, to yield per cent.
George B. Gibbons & Co., Inc, are
Offering a new issue of $3.50, 900 City
Of Railway, N. j., gold Az per cent
school bonds, maturing Dec. 1, 1925 to
1854, to yield as follows: 1925 matur
ity, 4.10 per cent; 1925 to 1885, 4.2C
per cent; 1936-1954, to yield 4.25 per
cent. These bonds are legal for saw
ings banks and trust funds in New
York and New Jersey. Railway has
an assessed valuation of $13, OF
and a net debt of $909,1S0.
Clark Williams & Co. are offering
$4,000 Union County, N. J., gold
~ per cent park bonds, due Dec. l.
1926-1974. The county is one of the
leading residential and industrial
counties of northern New Jersey
These bonds are offered at prices to
yield following: 1S26-1927 maturity
4 per cent; 1928, 4.05 per cent; 1929
A.1O per cent; 1930.1974, AIS per cent