The Monmouth inquirer., 1925-01-01

etructi0n of world business viii also
be discussed by Mr.. Roberts, at the
annual meeting Of the New Jersey
Federation OF County Boards Of Agri-
culture, Wednesday evening. fie will
speak on sThe Post War Crisis and
Recovery III c. Mckenzie, director
| vi research in taxation Of tbs Ameri-
can Farm Bureau Federation viii
talk on Rural Tax Problems Of New
Jersey" the same evening. Other mo-
table speakers will discuss production,
marketing and economic problems a.
sessions during the week, when IA
associations interested in New Jersey
farming will hold their annual or adj
| journed business sessions.
Bond Issue Is Subscribed at Home
Never in the history of the State
have New Jersey bonds proved SO
popular as when more than 200 bids
were received for 100000 worth Of
bridge, tunnel and road bonds. Tren-
ton banks were well represented
among the bidders, as were New York
banking interests.
Prices quoted ranged from par to
102 plus. The majority of bids were
upwards of par More than two hours
were required to tabulate the unpre-
cedented volume Of bids submitted.
Assignment Of the bonds was defer
red until the figures have been
checked.
The bonds were divided into three
groups. One division comprised
So, 100000 worth Of highway bonds
designated as Series d, and another
way made of 100000 worth Of high-
way bonds known as Series c, The
third group OF 100000 worth of
bridge and tunnel bonds was subdi-
vided into blocks Of 100000 and
| $5,000.000, the smaller classified as
| Series A and the larger as Series r..
New York banking interests entered
bulk proposals for all or any Of the
issue. Bidding for all or none Of Se-
ries A and F, the National City Com
pany OF New York offered 100.647.'
For all or any OF the same series, the
company submitted a price OF 100.307.
On Series D the firm offered 100.647
| likewise for all or none and entered
an alternate proposal for all or any
part at 100.307.
The Guarantee Company OF New
York bid 100000 for all or any part of
Series G and D.. The First National
Bank of Jersey City quoted a price
of 10O,553 for the entire issue OF Sc
ries G and the First National State
Bank of Camden offered to buy all of
Series d at 101501.
An offer was received from the
Broad Street National Bank of Tren-
ton, for $1,OO0,O00 worth of Series F
in blocks Of 500 900 or more at prices
varying from 100.5337 to 101.26S7.
The Mechanics National Bank bid
10O639 for like share OF the same
series.
For a $s50.O00 block of Series F.,
the Trenton Trust Company quoted
101.44. The Colonial Trust Company
disclosed willingness to take $4,000
worth of the series at the same figure.
The Trenton Trust Company also
submitted a Series A bid of 1016S for
bonds aggregating $250,00O. Propo-
sails entered by the Mercer Trust
Company for Series A and F in.
amounts of $125,OOO and 100000. re-
spectively, conceded with the prices
of the Trenton Trust.
For 100000 worth Of Series F the
Trenton Banking Company offered
1902 It's price was 1015 for 100000
worth of Series A.
The 100000 bridge and tunnel
bonds offered for sale complete the
final 100000 of the $2S,00O,0OO Isl
sue authorized by referendum few
years ago. The other $1.000,000 is thu
first instalIment of the $S,0O0,0O0 issue
approved by the voters at the Novem-
Der election.
Denies Change In Trolley Zone
IN s;smissing an application by the
employees Of the Pennsylvania Rail-
road Company at the meadow shops in
Kearny for modification of the zones
of the Public Service Railway Com
pany between Newark, Jersey City
and the shops, the Public Utilities
Commission has announced a decision
Bolding that to grant the request
would result in a discrimination
against other passengers.
The westerly end Of the Jersey City
zone terminates at the bridge over the
Hackensack river. the meadow shops
being located about mile west o.
the westerly end Of that zone. The
zone from Newark begins at the
Public Service Terminal, extending
through Newark and Harrison into
Kearny. The Kearny zone extends
from Harrison to the Hackensack riv-
er A Ave cent fare is charged for
each zone.
Passengers from Jersey City to the
meadow shops pass through two zones
and from the meadow shops to the
terminal in Newark, or vice versa,
through two zones Passengers be-
tween Jersey City and the Newark
4x.r-x.>T $3.50.