The Washington times., 1924-07-14
AND CITY
BONDS ARE
OFFERED
Issue Of SIS, 90. 900 stats Of
California Bonds Lead
Offerings

NEW YORK. July l4.-A syndi,
cate COMPOSED Of First National
Bank. K.ssal Kinnicutt d CO.. ma
redge z ~ Redmond 3 Co, Anglo
London Paris Co. The Detroit Co,
Inc. ana the Bank OF Italy are Of
fering new issue Of $5.S0O,0 geo
state Of California per cent and
Az per cent gold bonds. The bonds
are exempt from all Federal income
taxes and legal investment for saw
ings banks and trust funds in New
York. Massachusetts. Connecticut,
California and other States. Maturi.
ties and prices are AZ follows: 81
1900 1 per cent highway bonds
due July 8. 1g69-lse1: 100000 : ror
cent Sacramento building bonds due
July 3. 1885: Ss2S.OOO I per cent
India basix bonds due January ?,
1885, optional 1899; $s2s.OOO per
cent harbcr Improvement bonds due
July q, 1889. optional 1864 at prices
to yield 4.O6 per cent. and $4,000 900
~ per cent highway bonds due
July 8, 1sss-1ss5. at prices to yield
Kaufman. Smith d Co. Of St.
Louis. c. w. McNear q Co. First
National Company of st. Louis.
Taylor, Ewart & Co. and Stern
Brothers q Co. of Kansas City are
offering 81 ,OOO. 900 City Of Wichita
Falls. Texas, direct obligation ia
per cent bonds due serially Nov.
i. 1875 to 1850, at prices to yield
from per cent to 4.86 per cent
according to maturity. The bonds
are direct obligations Of the city
and are payable by ad valorem
taxes levied on all taxable property
In tho city. They are issued To
refund at q lower rate Of interest,
a like amount of outstanding per.
manent bonds which were author
lied by the qualified voters of the
city.
Halsel, Stuart q Co. Inc. are
offering a new issue Of 1000 900
Houston Lighting q Power Co.
(Iouston, Texas) first and refundins
mortgage series A per cent gold
bonds, due March 1, 1858, at price
Of 91M and interest yielding $50
electric power and light to Houston
and vicinity without competition.
Mclaughlin. MacAfee & Co., Pitts
burgh, are Offering a new issue Of
$450, 900 National Foundry Company
first Mortgage 6h per cent serial
gold bonds at prices to yield from
$50 per cent to per cent. TIE
bonds are exempt from the Penn.
sylvania State tax The National
Foundry Company. established al
Erie, Pa, in 1898, manufactures
high quality steel castings. The
company specializes in the manu-.
failure Of steel gears. tractor shoes,
and heavy ami light casting Of all
kinds used principally by railroad
car builders and manufacturers Of
steam shovels, road building equip
ment and heavy machinery.
A syndicate composed Of Moore.
Leonard & Lynch, J. III. Holmes q
Co., Glover & MacGregor, Morgan
]. C. Saupp and Gordon & Co. Is
offering an additional issue of
s., 0OO, 900 United States Stores Cor
poration 7 per cent prior cumula-
tive convertible preferred stock (par
value at 5000. The stock IL free
Of the normal Federal income tax,
and is redeemable as q whole or in
part on 60 days notice. or for sink
ing fund at Sis and accrued divi-
dends. Dividends are payable March
/, June /, September and Decem-
Der !.
r. M. Grant & Co., Inc, are offer
ing a new issue Of $25O,000 Spar
tanburg. s. c.. AZ per cent school
district bonds, due July l, 1914, at
a price to yield 4.50 per cent.