The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-12-15
BONDS
PLACED ON
SALE
Bankers Offer $4,000, 900
Issue Of Central Leather
First Lien 2o-Year Bonds

NEW YORK, Zee. 15-Kuhn, Loeb
8 Co. head a syndicate which will
offer today $15,O0O,O00 Central
Leather Company, 20-year first lien
sinking fund gold per cent bonds,
due January i, 1945. Subscriptions
VIII be taken on a basis of 95 and
interest to yield approximately 6.45
per cent to maturity. Included in
Kuhn, Loeb & Co. in the offering
VIII be the Bankers Trust Com.
pany, Kidder, Peabody & Co.;
HefdeIbach, Ickelheimer & Co., and
Dominick & Dominick.
a sinking fund Of not less than
$f0O.O0O per year, payable in half
yearly installments, beginning July
!, 1875, to retire entire issue by
maturity will be effected. The
sinking fund is to operate by pur.
chase OF bends at or below pAr
and accrued interest or redemption
Dyglot at par and accrued interest.
Inc entire block Of bonds is re-
deemeble as a whole only at los
per cent ard interest upon forty
two days notice.
A syndicate composed of EIdridge
& Co, Redmond & Co, e. H. Rollins
q Sons. and Kountze Bros, are Of
fering new issue of $2,936, 900 City
OF Cleveland, Ohio, Az per cent, Az
per cent and 5 per cent bonds due
serially 1925 to 1850 at prices to yield
per cent for maturities 1926 and
1927, 40 per cent for maturities
1928 and 1929. AIS per cent for ma
turtles 1880 and 1881, and APO per
cent for maturities 1882 to 1850.
Cleveland is the fifth largest city in
the United States and one sof the
most important commercial and in
dustrial centers of the country.
Splitter. Rorick e Co.. is offering
a new issue OF $4,000 900 State Of
North Dakota per cent farm loan
gold bonds, due January /, 1885,
1910, 1915 and 1850 in various
amounts, at prices to yield 4.50 per
cent. These farm loan and real
estate bonds are doubly secured as
they are a direct obligation OF the
State, payable from an unlimited
ad valoren ta~-An all real estate
and personal property in the State
and are additionally secured by the
deposit with the State treasurer
as collateral of a like amount of
first mortgages upon improved
farm lands in North Dakota at
not to exceed so per cent Of their
value.
George H. Burr & Co., are offer.
ing a new issue of $315,OO0 Cuya-
hoga County, Ohio, s per cent direct
obligation bonds dated December I,
1924, and due ,serially October i,
1926 to 1885 inclusive The bonds
are being offered at prices to yield
from per cent to AIS per cent
according to maturity.
Brandon, Gordon & Waddell, are
offering an issue of $4,000 City Of
Talladega, Alabama, 5h per cent
gas plant bonds due July /, 1854,
have completed arrangements for
the purchase of $11.0OO,000, the
American part of the Greek govern
ment loan of 1924, and it is ex-
pected that these bonds will be Of
fered for public subscription. in this
country by the middle of next week;
E2,500, 900 of this loan has been
taken by a group of Greek banks
headed by. the National Bank of
Greece, and f7,50U,000 were offered
last week in London for public sub.
scription, by Hambros Bank, Ltd.
and very largely oversubscribed.
and the bonds are now selling in
London at premium Of about 4
per cent. Indications are that the
loan win prove an equal success in
this country as applications for par
ticipation in the American syndicate
{ are already largely In excess of the
amount available.