The Washington times., 1924-12-23
ZIEGLER GOAL
BONDS ON
SALE
Bankers Offer $4,000, 900 Of
First Mortgage 6D2 Per
Cent Bonds

NEW YORK, Dec. 23.-The Con,
tinental 4 Commercial Trust & Saw,
ings Bank of Chicago, Halsey,
Stuart & Co., Inc, and Taylor,
Ewart & Co, Inc. win offer for
public subscription OF an issue Of
$4,OOO,OOO Zeigler Coal & Coke Co.,
first mortgage 61ss per cent sink.
ing fund serial gold bonds, due
1925 to 1899, at prices to yield
from AIS per cent to $50 per
cent, according to maturity. Pro.
ceeds Of the bonds will be used to
refund outstanding indebtedness,
reimburse the company for ex'
penditures in connection with the
development of No. Q mine and TO"
other corporate, purposes. Joseph
Letter is president of the com.
pany.
The National City Co.. the
Bankers Trust Co., and William
n. Compton Co., are offering ST..
SEQ 900 Los Angeles, CAL, AZ per
cent bonds, due 1886 to 1884, in.
elusive, at prices to yield 4.50 per
cent.
Guaranty Co., of New York and
Harris, Forbes & Co., are offering
today 81 10000 Memphis Power Y
Light Co., first and refundina
mortgage gold bonds, series A, )
per cent, due 194S. The bonds are
offered at SO and interest, to yield
over $50 per cent. The Memphis
Power & Light Co, does the entire
central station power and light
and the entire gas business n
Memphis and Certain suburbs serv.
ing a population estimated at
over 200, 900. The operatic:a OF its
properties is under the supervision
Of the Electric Bond & Share Co.
j. S. Rippel and Company are OF.
fering an issue of $1,O00,O00 State
Of New Jersey Az per cent coupon
Or registered bonds, due July !,
1889, at 101.75 and interest, yielding
about 4.10 per cent. The bonds are
exempt from Federal income and
New Jersey State taxes, and are
legal investment for savings banks
and trust funds in the States of
New Jersey, New York, Massachu-
sets, Connecticut, etc.
Mark C.. Steinberg and Company
members of the New York and st.
Louis stock exchanges, have an.
nounced an offering of $125,O0O
Beck and Corbitt Company per
cent cumulative preferred stock at
500 share.
Strauss and Company, members
Of the New York stock exchange, are
offering today 1000 shares of the
Standard National Corporation cu-
mulatiVe per cent preferred stock
at a price of 500 per share and
accrued dividend, to yield Z per cent.
The corporation is engaged princi-
pally in underwriting and dealing
first mortgage bond issues and in
addition conducts q general invest
ment security business and PARTED.
pate in general undertakings and
security offerings. Net earnings
for the calendar year 1928 were
equal to more than six times divi-
dend requirements of the 7 per cent
preferred stock then outstanding.
From January /, 1924, to Novem-
Der %, 1924, the date of the last
audit, dividends for the 1000 shares
OF preferred stock then outstanding
were earned more than thirteen
times. The eighth quarterly dividend
has been declared payable January
2, 1926, to stockholders of record
December "a. 1924.
Dillon, Read and Company are Of
fering d new issue Of 80 1000, 900 Fisk
Tire Fabric Company first mortgage
ten-year 61s per cent sinking fund
gold gonds CLOSED issue.) The bonds
are to be dated January /, 1926. and
are due January /, 1925. These
bonds are being offered at SO and
interest to yield over 6% per cent.
The National City Company, Bon
bright & Co., Inc, Halsey, Stuart
q Co., Inc, Hemphill, Noyes & Co..
and Marshall Field, Glore, Ward &
Co.. are offering an additional issue
OF SO, 900, 900 Of the Tennessee Elec-
trio Power Company first and re.
funding mortgage gold bonds, series
A, per cent, due 1947, at q price
OF 99k and interest. to yield 6.04
per cent. Gross earnings for the
twelve months ended November 80,
1924, were $9,528,7s1, as compared
with $9,123,S35 the year before.
Net earnings amounted to $4,45S, $40,
against $A.12S,043 the previous year.
p. w. Chapman & Co., Inc, are
offering q new issue OF 1857 500
Edith Rockefeller Mccormick Trust
first closed mortgage s per cent
gold bonds, dated November L.
1924, maturing serially May ID
1925, to 1884, at 100 and interest, to
Yield 6 per cent. The bonds are
redeemable as a whole or in part
at par and accrued interest on any
interest date upon thirty DAYS