The Washington times., 1925-01-30
ISSUES
PLACED ON
SALE
offerings Include 50, GOO
Shares Of oppenheilr',
Collins & Co.

NEW YORK. Jan. 30 Merrill,
Lynch & Co, have purchased
block Of so 900 shares Of an author
ized issue OF fa0O, 900 shares Of com
mon stock without par value OF
Oppenhein, Collins & Co. Inc, and
expect to offer the same 10 ~.
vestors tomorrow. The company
has no funded debt or preferred
stock. The transaction does not
involve any financing for the com
pany which Is not in need of addi-
tional working capital, but repre-
sents q sale Of stock held by those
In control.
The business was originally estab-
lished In New York in 1901 and now
has stores In addition in Brooklyn,
Buffalo. Newark, Philadelphia, Pitts
burgh and Cleveland.
Isaac ID. Levy has been in active
charge OF the business since its
inception and his associates have
been identified with 1t for periods
ranging from ten to twenty-five
years. Mr.. Levy will continue to
have full charge Of the business
and win retain along with his assoc
ciates substantial majority Of the
capital stock.
Graham, Parsons & Co., and
Phelps, Fem & Co, are SeSering
new issue Of S489 900 Middlesex
county, New Jersey Al per cent
road bonds, dated February q, 1925,
due seriaIly February q, 1927-1944.
To yield A per cent to Ais per
cent, according to maturity.
| B1yth, Witter & Co, announce
the closing at ii a. m. today of the
subscription books on 100000
Dierks Lumber and Coal Company
serial 55z per cent gold notes. Sub
scriptions were received considers
ably in excess Of the amount Of the
offering.
Bond q Goodwin e Tucker, Inc:
/ Blyth, Witter q Co, and the Mer.
camille Securities Company Of Cali
| fornia have placed with investors
an issue Of $4,000. 900 Pacific Light
/ ing Corporation per cent secured
gold bonds, due February /, 1940, at
a price of 100 and accrued interest,
to yield per cent.
The Pacific Lighting Corporation.
organized in 1907, is the successor
Of the Pacific Lighting Company,
which was formed In 1886 to acquire
and own gas and electric companies
in California. Besides other valuable
holdings the corporation owns all the
Gas and Electric Company and has
recently arranged to acquire control
OF the Southern Counties Gas Com
pany. The greater part of the funds
derived from this financing viii be
used for the last-named purpose.
The bonds will be the direct obi
CATION of the Pacific Lighting Cor
poration, whose preferred and conn
mon stocks have market value in
excess OF SIS, O00, 900 and win Be di-
rectly secured by deposit with the
trustee Of $4,000 shares Of the ceni.
mon stock Of the Los Angeles Gas
and Electric Corporation, the value
Of which stock is in excess of $11,-
0OO, 900.
| Porter q Co, Of Boston, and Otis
& Co., of Cleveland, will offer
today new issue Of $1.000,O09
Hudson Valley Coke and Products
Corporation five-year z per cent
sinking fund gold notes, due Jalin-
airy /, 1880, at a price of 98 and
accrued interest, to yield about $50
per cent.
The proceeds Of this issue OF notes
will be used to increase the 0rigi
nally planned coke oven capacity
i Of forty.four ovens to fifty-five
i ovens to take care of the increased
i
gas win be supplied The capacity
OF the blast furnace win also be
4 increased.
Ames, Enrich & Co. are offering
a new issue of $1,000, 600 Rocking
ham county. N. &C., 4 per cent
bonds, dated February l. 1926. and
/ due serially February I, 1926, 10
1855, inclusive, The bonds are being
offered at prices to yield from TO
4.55 per cent, according to ma
turity.
D. williams & Co., members New
York Stock Exchange, New York
city, are making a new offering
OF $4,000 shares Tulip Cup Corpora.
ton common stock at SIS per share.
The business of the Tulip Cup
i Corporation formerly called the
Paper Utilities Company, Incl, is To-
Gated in Brooklyn, N. Y, at which
place the company manufacturers
sanitary paper drinking cups known
as the Tulip Cup" also soda. cake
and souffle cups, butter chips and
finger bowl liners.