The Washington times., 1924-06-12
ONE
YEAR BONDS
OFFERED
$40, 1000. 900 Issue Of South
American Government Is
Placed on Market

4 NEW YORK, June 12.-The larg.
est Offering today is the SIC, 900 900
Government of Argentine one.year
bA per cent Treasury gold notes,
dated June 16, 1924, at 100A, to
yield. approximately per cent
These notes are being Offered by
Blair & Co., Inc, and the Chase
Securities Corporation, managers Of
a banking group, which includes
Cassatt & Co., Halsey Stuart &
Co., Inc, and the Illinois Mer.
chants Trust Co.
These Treasury notes will be the
direct obligation Of the Government
Of the Argentine nation, and. their
proceeds are to be available for. the
general purposes Of the government.
The bankers state that the out
standing six months 5M Treasury
gold. notes, due August rs, 1924,
will be accepted at 4 per cent in.
terest basis in payment for the
one-year notes allotted.
Banking syndicate composed of
Goldman Sachs & Co., Solomon
Bros. & Hutzler, Lehman Brothers.
F. s. Moseley & Co.. and A. g.
Becker & Co. are offering 81, 900, 900
Federal intermediate Credit Bank
Az per cent debentures. to be
dated June 16, and maturing June
16, 1926. Offering is made at a
price to yield per cent. The de-
bentures are secured by deposit of
obligations discounted by banking
institutions or. made by properly
capitalized agricultural credit cor.
porations.
American Bond & Mortgage Is
offering $2.75O,OO0 first mortgage
6k per cent real estate bonds on
Alden Park Manor, Brookline.
Mass, dated February Is. 1924.
The bonds mature in three to
twelve year periods. The Alden
Park Manor is to be the. largest
apartment house In New York. It
is to contain 264 apartments. -
large ballroom. dining room ana
garage.
The National City Co., Halsey.
stuart & Co., Inc, are offering So
5OO, 900 Chicago Rapid Transit 6H
per cent bonds, series due 1914, at
"a n ana interest, to yield Z Der
cent. : The Issue is authorized by
the Illinois Commerce Commission.
The physical properties were an.
praised by the Illinois Public Serv.
Ice Commission as of June 80. 1919.
at. $50, 100000, which with certain
SUBSEQUENT; additions and better.
ments makes a total valuation OF
$50, 000. 600.
Blair & Co, Inc, are manager or
a banking group, including Csssat -
& Co., Halsey, Stuart e Co Inc
ano illinois Merchants Trust Co,
Wnlcn are offering sac, oO0,0 900 Gov.
eminent OF the Argentine Nadon
one'year OK 70 Treasury Gold Notes
dated June 16, 1924. At the sub
scriptlon price Of 100A the notes
yield approximately Sc.
G. L. Miller & Co. offer s-Oo ooo
Iirst mortgage per cent real es.
tate gold bonds on the Hotel Red.
mont, cunningham, Ala. The bonds
mature in two to fifteen years and
are offered at par and interest to
yield per cent. Lessees Of the
Hotel Redmont are operators of a
chaln OF the most prominent hotels
IN the Southeast. The hotel is in
the center OF the business district
OF Birmingham, its site being re.
garded as the best available ;oca.
ton in the city for a hotel Of the
character Of the Redmont.
L.: -
5. w. Straus & Co. announce that
permanent 63s per cent first mort
gage serial coupon gold bonds of
the $75O,OOO Nineteenth and Spruce
Streets Apartment Building issue
are now ready for exchange of
Interim certificates outstanding.