The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-07-24
RAl WAY BONDS
PL AGED ON
VI :.
SALE
Northern Central Issue Dis
posed Of Privately by Kuhn
Loeb Company

NEW YORK, July 24.--Announce.
xnent was made that Kuhn, Loeb e
Co. have purchased and sold, subject
to the approval Of the Interstate
Commerce Commission, So. $780, 900
Northern Central general and re-
funding mortgage 5 per cent gold
bonds, series A, due March /, 1874.
The bonds were offered at 1914 and
accrued interest.
The purpose Of the sale Of the
bonds Is to provide cash to reimburse
the Pennsylvania Railroad Company
in part for expenditures made by It
as lessee; for additions and better
naents on property of the Northern
Central railway and in payment Of
certain OF its obligations. The bonda
are to be the direct obligation OF
the Northern Central Railway Com
pany.
A new issue of $1,000, 900 The NJ.
IA. Hanna Company, ten-year per
cent sinking fund gold debentures
IS being offered by syndicate com.
posed Of Dillon, Read & Co. and the
Union Trust Company, Cleveland.
These debentures are to be dated
August 1, 1924, and to mature All.
gust /, 1884, and are being offered
Ct 1914 and interest, to yield over
go per cent.
s a sinking fund win be provided
20 retire one-half Of the debentureg
by maturity in annual instalmenta
commencing August I, 1925, by pur.
chase at or below the current re.
Gemption price, or II not SO obtain
eDle, BY call by lot at that price.
M!niLnum annual retirements of
$S50,000 debentures.
taylor, Ewart & Co. are heading
banking group which has pur.
chased and will offer shortly q, new
Issue OF $S,200.000 first mortgage 5K
Per cent fifty-year gold bonds non.
Callanle Tor 20 years of the Peoria
Fekin Union Railway Company.
An important railroad terminal prom.
eryt In Illinois. Associated IN the
offering with Taylor, Ewart & Go.
W1ll be the Continental & CONNER.
cial Trust & Savings Bank Of chi.
cago, and Halsey, Stuart & Co. Inc
Ehe Peoria & Pekin Union Railwav
Co., which is controlled by several
roads, including the Illinois Central
chicago & Northwestern. @Ric
sour and Nickel Plate, is iss,,iny
the bonds for refunding Purposes
Remick, Hodges & Co., Roosevelt
g Son, Phelps, Fem & Co. and II
Slsto 4 Co, are offering d new
ISSUE OF $2.1S3,00O City Of st. Paul.
Mimi, Az per cent bonds, due $633.
VOO July !, 1926 to 1853, fncIusive
and $1,500,000 July i, 1854. Al 4
price Of 1.02.N and interest. vield.
ing. from 3.75 per cent Is 40 mar
cent, according to maturity.
Dillon, Read & Co., are offering
$2,00O,000 Province of British chi
umbia 15-year per cent sinkin. !
Iund gold bonds at 100 and inter.
est. The bonds are dated Julv y
1924, and are due July 10, 1899. The
bonds are a direct obligation Of the
province of British Columbia and
are payable, principal and interest
from its general revenues.
Barr Brothers & Co. are ofeerinS
anew issue Of $200, 900 Government
@ Porto Rico gold Az per cent
ponds, due January /, 1929 to 1898.
inclusive, optional January, 1884. st
price all maturities to yield AIS
per cent.
G. w. McNear & Co. are Offering
Q new issue Of slot, 1000 CITY of
Lincoln, Neb., per cent hospital
bonds, due $4,000 annually July ]
1885 to 1914, inclusive, optional july
I, 1884, at price Of 1O6.5O and in.
terest, yielding 400 per cent to op.
uonal date and 5 per cent there
after.