The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14
IA. OIL BONDS
RI AGED ON
SALE
Bankers Offer $500, 900
Issue Of louisiana Oil
Refining Corp. /.

NEW YORK. Nov. ia. Spencer,
Trusl 3 CO., Of this city, and
stevenson, Perry, Stacy a Co., Of
Chicago, are offering an issue OF
$500, 900 51h per cent serial de-
benture gold bonds Of the Louisiana
oil Refining Corporation, at prices
to yield from A per cent to 8 per
cent. according TO maturity, The
bonds are due $780, 900 each Decem-
ber / from 1926 to 1929, inclusive.
They are redeemable as whole
upon ninety days notice on any
interest date on and after Decem-
Der j, 1925, at 102 and accrued
interest.
The Louisiana OIL Refining Cor
poration Ii the operating subsidiary
OF the Invincible Oil Corporation,
which owns more than SO per cent
Of its capital stock, and is engaged
In the producing, transporting, RE-
timing and marketing of petroleum
and its products, principally In
Oklahoma, Texas, Arkansas, Lou
isiana and Mississippi. The com
pany has approximately $4,000
acres Of land 15, 900 acres fee and
10000 acres leasehOld.
Blair & Co, Inc, are Offering 10.
day at $46.5O per share q new
issue Of $4,000 shares 81 Botany
Consolidated Mills, Inc, class "a
stock. The class "A stock is en-.
titled to preference over the com.
mon stock as to assets and as ia
cumulative dividends at the ratio OF
81 per share per annum. IN add.
ton, 1t Is entitled in each year to
- asyftIS
mon stock in any further dividends
declared in such year until the
class AZ stock shall nave received
di Vidends Of 81 In all IN such year.
The new stock Is being issued ia
provide part consideration for the
acquisition of ~, 63T shares of
Botany Worsted Mills to be pres
emily purchased, which will tfing
stock owned by the CONSOLIDATED
Company up TO about 9Sh per cent.
The Botany Consolidated Mills also
owns the Garfield WorsIed Mills Mt
Garfield, N. =.
William p. Ross & Co, Inc. and
the Fletcher American Company
are offering q new issue OF $500, 00Q
first mortgage per cent gold
bonds, series Al, Of the Home Tele.
phone and Telegraph Company Ct
Fort Wayne, Ind, . par and in.
terest yielding 6 per cent. The
bonds are non-oallable until July 2.
1888.
Austin, Grant & Co, Inc, are Of
fering two issues, one OF Roanoke
Va. AZ per cent building and Inn
provement bonds. due July ], 1880
to 1854, to yield 4.2O per cent to
4.30 per cent, and tine other Of City
Of Houston, Tex, per cent bonds,
due serialIy 1929 to 1949, at prices
to yield 4.25 per cent and 4.5O per
cent.
Union National Corporation il Of.
fering new issue Of 1926, 900 Town
of Hampstead, N. r., Union Free
School District No. 90 4.SO per cent
bonds, dated December /, 1924, and
due January /, 1884 to 1855. al
prices to yield 400 per cent. This
district includes within Its limits the
village of Lynbrook and q part 81
the village Of East Rockaway.
Remick, Hodges & Co. are OFFERING
$4,000 City of Detroit, Mich. az
per cent coupon bonds due June i
1897, at q price to yield 400 her
cent. The bonds are EXEMPT from
all Federal income taxes and are
legal investment for. savings baaJxs
and trust funds in New York, Mas.
sachusetts, Connecticut and else.
where.
Lee, Higginson & Co. and Cassatt
e Co. announce that the $4,000. OO0
South Penn Galleries Company
first mortgage 6 per cent sinlxiar
fund gold bonds, series "A, have All
been sold.
Pynchon & Co., in behalf Of the
syndicate consisting Of themselves
and their associates, West & CO. and
Jackson q Curtis, who Offered
$1.25O,OO Broad River Power Con-.
pany Z per cent cumulative preferred
stock at $3.50 per share, announce
that the issue has been oversub.
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