The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-05-20
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Offer $3.50, 900 8 Per Cent
Bonds at o6HaLafge J
Railroad Issues Z: !.

NEW YORK, May 2O.-K uhng
Loeb & Co., Kidder, Peabody 4 Co..
and the National City Company are:
offering at 96h per cent 1890. OONs
Of Czechoslovak Republio 8 per cent
secured external sinking fund gold
loan Of 1922 bonds. series B. due
October /, 1852. These bonds, to-
gether' with f1.S50.O0 series B
sterling bonds, being floated in Lon
don by Barring Brothers & Co., Ltd
N. M. RothschiId & Sons and H.
Henry Schroeder & Coz and f200. 600
series B sterling bonds, being offer
ed in Amsterdam by Hope & Co.,
constitute the balance Of the total
authorized loan of $50,0o0,000 tor.see
f10 ,O00,0 O0>, the first portion Of
which, consisting of $4,000, 900 dol
lar bonds and f3,SOO.0OO ssterling
bonds, due April /. 1851, were is.
sued in 1922. 4
The bonds Of series B are to be-
redeemable through an annual
cumulative sinking fund OF 1 per
cent beginning October H. 1924, to-
be applied semi-annually to the pure
chase Of bonds under par or to the
redemption of bonds at par by
drawings If unobtainable below par
All bonds Of the entire loan, but
not a part thereof, will be redeem,
able at 108 and accrued interest at
the option of the government after
May 1, 1882, upon three months'
notice. @aIsA
The authorized issue Of $50, OOO, 900
Tor f10,000,000) is secured by AZ
first specific charge on the receipts
from the customs duties and on the
net profits of the tobacco monopoly.
which together, in 1922, yielded
lr. 824,795,188; in 1923, kr. 1854,
8S0,249, and in 1924 are estimated
to yield kr. 1913, 636,76 lat zee,
equivalent to $44, 765, 446l or ten
times the annual requirements for
interest and sinking fund Of thea.
entire loan. t
One Of the largest issues expected
this week is the New York Central /
Equipment issue, negotiations for
which have been under way for
some time. This issue will prob.
ably total $25. 100000 Then one Of
the large Northwestern roads wili8
probably sell a small issue during
the week. The Baltimore and
Ohio Railroad Company, which has
siderable refunding to do next
year, is expected to start that work
shortly by issuing over $40, O0O, 600
in bonds. The Nickel Plate financ-
ing. which will total $25, 200, 900, a.
still awaiting the approval of the
Interstate Commerce Commission.
Another large piece Of financing
is the reported issue of preferred
stock Of the Public Service Corpora.
ton Of New Jersey, which is looked
for in few days. @a
| Peirce, Fair & Co. are offering
new issue of $780, 900 Port of Sc
attic 5 per cent serial gold bonds,
dated July 1, 1924, and due seriaIly !.
1926 to 1854, inclusive, at prices to
yield from 400 per cent according
to maturity. -
Discount house of Solomon, Bros
& Hutzler is offering a new issue Of
$796,000 City Of Yonkers, N. 4Y..
coupon Az per cent gold bonds.
dated February 1, 1924, $4,000 OF
the bonds mature serially 1880 to
1889 and are offered at prices to
yield Ais per cent, and $376, 900 Of
the bonds mature 1910 to 1859 and
are offered at prices to yield 4.1R5
per cent.