The Washington times., 1924-11-12
BANKERS OFFER
POWER 60.
BONDS
New Issue Of So, SOC, 900 Cen
trail Iowa Power and Light
Company Placed on Sale

NEW YORK. Nov. ia new
issue of s6,5OO,OOO Central Iowa
Power and Light Company first
mortgage per cent gold bonds,
Series a. is being offered bv a
syndicate headed by A. G.. Allyn
and Company and Stroud and Com
pany, Inc, at 100 and accrued in.
terest, to yield per cent. The
bonds are dated November 1, 1924,
and due November /, 1914.
The Central Iowa Power and
Light Company will own and oper-
ate the electric and gas properties
now owned and operated by the
Citizens Gas and Electric Company,
Cedar Valley Electric Company and
Northern Iowa Gas and Electric
Company, which supply electric
light and power in forty.seven COM
munities in central and north CEN
trail Iowa.
These bonds will be secured by a
direct first mortgage on all the
fixed property to be owned by the
company.
G. W. McNear & Co, Stifel, Mic.
CLAUS & Co., Inc, A. M. Lamport &
Co., Inc, H. L. Allen & Co., Mer-
camille Trust Company. st. Louis,
and Stern Bros, & Co., Kansas City,
are offering today $1.720,O00 Harris
County, Texas, Houston Ship Cham
mel Navigation District AZ per
cent and per cent bonds. The AIS
are due serially 1884 to 1854 and
yield from $50 per cent to 4.6b per
cent. The IS are due sefially 1884
to 1853 and yield ASS per cent to
maturity. The Harris county
Houston Ship Channel Navigation
District, dredges and maintains the
ship channel from the city Of Hous-
ton to Galveston Bay.
SCHENECTADY, N. Y.-Sherwood
q Mortified, Inc. and H. L. Allen
& Co. are offering a new issue OF
$1,274,000 City Of Schenectady, N.
Y, coupon or registered per cent
gold bonds, due october 10, 1928 to
1914, inclusive, at prices yielding
from 8 to $50 per cent, according
to maturity. q.
A syndicate composed of Edward
B. Smith & Co., Howe, Snow &
Bertles, Inc, and r. F. Devoe 9
CO., Inc, is offering today an
issue Of 1000 900 Industrial Ac-
ceptance Corporation per cent
CunuldIlN0 =11IOI PLCASAAO0 0SOSAN
500 a share and accrued dividend,
to yield per cent.
The Industrial Acceptance Cor
poration will continue the auto
mobile acceptance business con-
Quoted since 1919 by a predecessor
company under exclusive contract
for the Studebaker Corporation, the
operation of the business forming
- - VArff.
cedure of the Studebaker Cor
FIFTH AVE. BLDG.-Charles +.
Moves Company placed through A.
b. Leach Il Co., Inc, for Frederick
Brown a $2,OOO,0OO 2O.year s pei
cent bond issue on Mr.. Browns
eighteen-story FIFTY five Fifth
Avenue Building at the northeast
corner of Twelfth street on plot
Of 1872 square feet with front.
ages of 131 feet on Fifth avenue
and $50 feet on Twelfth street
Under the management of the
Charles F. Noyes Company the IN
come of the building has been
brought UP to over 100000 yearly
and the Noyes organization hai
obtained on long term leases some
of the largest insurance compan mics
in the country as tenants, includ
ing the Sun Insurance Company
Atlas Assurance Company, Ltd, OF
London, London Guarantee & Acct
dent and Metropolitan Casualty
Company. Joshua Bernstein rep
resented Mr.. Brown as attorney II
the transaction Just closed anc
Earle & Hoar acted for the bankers
in all legal matters.