davidaulloa/AmericanStories huggingface dataset:
The Daily Alaska empire., 1938-10-14

has been the story in so many mining locales"
 Drilling Caribou
 On Caribou Creek, near Fair banks, Johnson is hoping drill work will be completed this fall in order that dredge can be installed early in the next year. The dredge planned for the ground will be d four foot boat.
 Wattamuse Dredged
 Down on Wattamuse Greek, where Johnson has. again gone into the front rank in developing new coun- try, his 2h-foot dredge, is "doing very well,", and Johnson believes that Goodnews Bay, limelighted by the platinum rush. has entered an era of gold development.
 Johnson noted this summer more than ever before.Y feeling of "im- proving property" everywhere he journeyed in the Territory, from Fairbanks and the Fortymile to the Anchorage district, Seward Pen insula, and on down the line to Ketchikan.
 Its hard to put your finger on the exact impression you get" John son. said But that feeling of in creasingly better times and brighter future for the North is definitely there"
 In discussing Alaska's develop ment needs, talking of the certain benefits of more roads, and the inevitable gold tax question, John son sounded a new note from the camps opposing the present tax when he urged, not repeal, but amendment regarding the use of the funds gotten from the tax.
 "A lot of the pain would be taken out of the tax if the Leg islature would make definite dis position of certain amount of the aggregate tax take for the building of new roads, for which it was understood the tax was orig inally levied"
 And Johnson suggested still an- other new note in Alaska planning when he touched on the long con- sidered possibility of encouraging prospecting.
 Next year I am bringing up a light drill to loan to couple of prospectors I have in mind to enable them to get to bedrock without bucking the problem Of thawing winter holes down and running into water"
 Johnson believes plan might be worked out where the Territory could make available such drills to prospectors who have enoug h trouble getting grubstakes without mourning the impossible expense ot prospecting equipment.
 Such drills could be located at strategic points about the Territory for prospectors' use at the dis elimination of Bureau of Mines engineers
 Going south on the Denali to- night, Johnson will spend the win ter in his. San Francisco offices ."tieing the ends together. of his widespread investigations this sum- mer.
The Daily Alaska empire., 1938-10-14
BERNE-EHLER CONCERT TO BE ON NOVEMBER IA

Members of the Catholic Daugh- ters of America will present Marye Berne, soprano, and Ernest Ehler, tenor, in concert at the Parish Hall, November A.
 MT. and Mrs. Ehler have been heard in concert before in this city and music lovers will again welcome their forthcoming appearance.
 Tickets are now on sale and may be purchased from members of the GOA.
The Daily Alaska empire., 1938-10-14
ON VACATION

Mary VanderLeest of the Bureau of Indian Affairs is sailing south on the Denali tonight. going Out side on a months leave. She ex- poets to visit Seattle : and San Francisco.
The Daily Alaska empire., 1938-10-14
RETURNS FROM VISIT

Margaret Whitley, who has been visiting with relatives in Seattle for the past month, returned to her home in this city on the Canadian Pacific steamer Princess Louise.
The Daily Alaska empire., 1938-10-14

A $2 shirt may contain as little as 10 cents worth of cotton; $5 bathing suit, 15 cents worth of wool and a package of cigarettes, less than 1a cent worth of to- bacco.
The Daily Alaska empire., 1938-10-14

he useful in this picture the next make 1na1s to oe World Cruise and got the story for that one too
 oarnett set with fairly complete shootlne sciips w Trade Wnds"-hes author-to by lie snos pacAeo' that he would need of San Ffanclsco eii a csed murder pursued through the Orient Dy e V detective He wrote kind of storynosty cnase oi a definite
 Like all Garnett wants to be his own producer It's tough get backing for his independent pro duon efforts moneyenders lend to those who HAVE produced those who'd like to- So Iays hopes-wil be Trade Winds" done for Wanger
 There's great deal of process photography used m pictures Fay explains believe its full possibilities have realized I'm hoping that Trade Wnds-uthzng some of those backgrounds the pw demonstrate something it then think III De set to World Cruise own
 Process photography-which really brings the world to serve Hollywood stage subject movie producers vincngly they know how it's done will only applaud the more
 50 you thought the trip just for fun huh?' he laueled out of marbles in England and had to stop enough pick moreo get the boat hack home retrieved nowbut that pleasure cruise was the biggest gamble I've ever made"
The Daily Alaska empire., 1938-10-14
KARL KiTZ IN TOWN

Karl K. Katz, representative of the Northern Pacific Railway, with his headquarters in Seattle and with Alaska as his territory, ar rived in Juneau aboard the Cana dian Pacific steamer Princess Lou ise.
The Daily Alaska empire., 1938-10-14
FAULKNER RETURNS

Attorney H. L. Faulkner returned to Juneau aboard the Princess Lou ise after a professional trip south.
The Daily Alaska empire., 1938-10-14
U. S. DEPARTMENT OF AGRICULTURE, WEATHER BUREAU
 THE WEATHER
By the U. $. Weather Bureau

nd vicinity 3:30 Oct IA: tonight killing frost Saturday increasing coud northwest moderate
 Weather forecast for Southeast Alaska Fair tonight With heavy killing the Saturday increasing cloudnes probably moderate northwest winds becoming moderate southerly
 Gulf of Alaska: Moderate northwest winds Entrance Cape Hin clinbrook becoming moderate southery
The Daily Alaska empire., 1938-10-14
WEATHER CONDITIONS AT AM TODAY

WEATHER CONDITIONS AT 8 AM. TODAY
 Seattle temperature 41 Blaine partly cloudy 40 Alert Bay 43 Bull Harbo cloudy 43 cloudy 48 Prince Rupert raining Ketckan partly cloudy 45 Craig cloudy 47 Wrange 43; Sika 36 Hoonah foggy Tenakee 42 Radiove cloudy 36 cloudy, Skagway Haine clear; St. Hnchnbrook partly cloudy 42 Chtna Mccarthy cloudy 22 Seward partly 34 Fairbanks showing 29 Hot IT. 28; McGrath showing 6 Platinum foggy Flat Stuyahok 26 Bethel clo Solomon clear 20 Council partly cloudy Is; and Nome partly cloudy, g.
 Juneau 15.-S
The Daily Alaska empire., 1938-10-14

Today's News Today.-Empire.
The Daily Alaska empire., 1938-10-14
WEATHER SYNOPSIS

The pressure extreme 29 24 inches west of Atka this 2906 ridge of high air eastward the lower Mackenzie Gulf of Alaska south the Pacific Southeast Alaska southwestern Canada and fell from Barrow to the Yu light moderate the Aeuan
 Southeast Alaska along the last 2 hours Temperatures well be- interior Alaska the
 occurring along the lower Yukon River with both Nuato Kaak reporting above
The Daily Alaska empire., 1938-10-14

he useful in this picture next one make lhas to DC World Cruise and I've got story for that one too
The Daily Alaska empire., 1938-10-14
LOCAL DATA

Temp. Humidity Wind Veloe
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01
North Redwood In
The Weeks News
By Mrs. O. w. Simondet


North Redwood - The Citizens
League at school held its regular
meeting Wednesday afternoon.
The following officers were elect
ed to serve for three months:
president, Dorothy Herdina; vice
president, Eva Castle; secretary,
Marcia Hanson; treasurer, Phyllis
Irish. A Thanksgiving program
followed.
Mr.. and Mrs. j. B. Sowder and
family recently went to Mime
apolis to record selections by their
orchestra.
Mr.. and Mrs. Ralph Simon left
marck, N. D. after a 10 day visit
with relatives here and at Nor
ton.
Mr.. and Mrs. j. B. Sowder
visited Mrs. Sowder's mother,
Mrs. August Kraemer at Vesta
Thursday.
Mr.. and Mrs. Walter Shulz and
family returned to Verndale Sum
day after several days visit with
relatives here.
Mr.. and Mrs. Clark Sponaugle
and Darlene, Leo Kurschner and
Ethyl Anderson were Sunday
guests of Mr.. and Mrs. Melvin
Broke at Watertown, S. D.
Mr.. and Mrs. Lester Hewett
and daughter were Thanksgiving
guests of Mr.. and Mrs. Ed Hewett.
Mr.. and Mrs. J. c. Lugow of
Minneapolis spent Thanksgiving
at the Palmer Hanson home.
Mr.. and Mrs. Carl Stancer and
Shirley and MIR. and Mrs. Garold
Stancer were guests Thanksgiving
day at the home of Mr.. and Mrs.
Leo Stancer at Redwood Falls.
Mr.. and Mrs. Jerome Stancer
and daughter were dinner guests
at the home of Mrs Stancer's
mother, Mrs. Myrtle Roush,
Thanksgiving day.
Mr.. and Mrs. w. Prodoehl and
family were guests of Mrs. Pro-
doehps sister Mrs. Raymond Will
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01
THE REDWOOD GAZETTE, REDWOOD FALLS MINNESOTA

roth at Gibbon Thanksgiving day.
Mr.. and Mrs. E. w. Henze were
guests at the Walter Henze home
near Belview Thursday.
Mr.. and Mrs. Ralph Simon,
Tom Whiting and Mary Malecka
were Sunday evening dinner
guests of Mr.. and Mrs. William
Vierling. #@t
Grace c. Dahmes spent
Thanksgiving. vacation with her
sister Mrs. Stanley L. Johnston
at Atwater. IL
The pupils in the lower grades
visited the upper grade room
Wednesday morning to sing a
group of Indian and Thanksgiving
songs.
Ethyl Anderson of Minneapolis
is the guest of Mrs. Clark Spon-
augle this week. Monday evening
at a dinner in her honor Mrs.
Sponaugle entertained Mr.. and
Mrs. Oscar Dahmes of Morgan,
Mr.. and Mrs. Fred Neitzel of
Morton, Mr.. and Mrs. Floyd
Little, Mr.. and Mrs. Myron Kur-
schner, Leo Kurschner, James,
Lynde and Norman Otto of Red
wood Falls and Viola Frederick
son.
Mr.. and Mrs. Richard Scoates
and Dickie were visitors at Glenn
ents Monday evening.
Mr.. and Mrs. w. M. Sommers
were Thursday evening dinner
guests of Mr.. and Mrs. Aaron
Sommers.
Thanksgiving day guests of Mr..
and Mrs. William Vierling were
Mrs. Margaret Vierling and
grandsons of Wabasso, Mrs. John
Malecka and Mr.. and Mrs. r.
Trap and daughter.
Mr.. and Mrs. R. Trapp and
daughter moved this week to San
born.
Bertha and Lena and B. H.
Kuenzli were guests at the Char
les Kuenzli home at Redwood
Falls Thursday.
Mr.. and Mrs. M. J. Hanson and
Gene of Olivia were guests Sun
day at the Alvin Becker home.
Mr.. and Mrs. Frank Gaffney
and family and Mr. and Mrs. IT.
vim Draeger and daughters were
guests Sunday of Mr.. and Mrs.
| Arthur Draeger.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01

Thursday until Sunday.
Eda Spalding, Mrs. Earl Pat
terson and Richard returned to
st. Paul Sunday after visiting
their mother, Mrs. Ida Sparkling
since Wednesday.
Erwin and Eshter Doepke
drove to Mankato Wednesday to
get their brother Harold who
spent his vacation at home.
Joe Lenertz of st. Paul was a
business visitor here Saturday.
Mr.. and Mrs. John Amann and
family and Mr.. and Mrs. Alvin
Jensen visited at the Arthur
Amann home at Marshall Sun
day.
Helene Langholz had small
tumor removed from her eyelid
at New Ulm Friday.
: Mr.. and Mrs. Peter Beranek
and Mr.. and Mrs. Joseph Jen-
niges were Fairfax visitors Mon
day.
The Christ Luther league en-
tertained the Morgan league at
the Sharon church basement at
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01

called on his son and daughter
in-law, Mr.. and Mrs. Clarence
Baune Sunday.
John c. Jenniges drove to
Sacred Heart Wednesday to join
his wife who spent last week
there with relatives. They re-
turned Friday.
Kermit Doepke of st. Olaf col
lege spent Thanksgiving at his
home here.
Rev. and Mrs. w. j. Langholz
and family were Thanksgiving
guests at the Theodore Boethke
home at Morgan.
Mr. and Mrs. Edward June
mann and daughter Elaine and
Andrew Hagert Sr. attended the
Roiger-Flor wedding dance at
Springfield Tuesday evening.
Mr.. and Mrs. Arthur Amann
and son of Marshall spent
Thanksgiving day at the John
Amann home.
Sister Barbara of st. Joseph's
academy at Marshall visited her
father, Nick Jenniges from
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01
WANDA HOLIDAY
VISITORS TOLD
IN NEWS ITEMS
BY Esther Doepke

Wanda = Andrew Hagert Sr.
spent Saturday with his son-in-
law and daughter, Mr.. and Mrs.
Louis Prull at Sanborn.
Mr.. and Mrs. Lawrence Baune
and family were Redwood Falls
shoppers Saturday.
Sunday guests at the Edward
Junemann home were: Mr.. and
Mrs. Lawrence Junemann, Mr..
and Mrs. Henry Junemann and
family of Bird Island, Mr.. and
Mrs. Lawrence Baune and family
and Andrew Hagert Jr.
&c. Balfany and Frank Hogan
of Lucan were business visitors
here Tuesday.
Joe Jennlges called at Redwood
Falls Tuesday.
Henry Baune of Bird Island
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01
FUNERAL HELD FOR
WILLOW LAKE GIRL
EVELYN FENGER DIES,
OTHER NEWS FROM
THE COMMUNITY e..
By Zefelda Fennern

Willow Lake - Evelyn Anna
Fenger, daughter of Mr.. and Mrs.
Robert Fenger, died Of heart
attack Friday noon.
She was born November 6,
1916 in Willow Lake. In Septem-
Der, 1887, she took up beauty Gull
ture at Mankato and graduated
in April. In May she began fail
ing but appeared to be recovering
and was up most of the time.
She is survived by her parents,
seven sisters, Verna, Lorraine,
Ruth and Bernice, at home, YER
ona and Mrs. Herbert Fennern of
Springfield and Mrs. Christian
Fennern and one brother, Hilman.
Funeral services were held at
the Evangelical Lutheran church
Tuesday.
Flower girls were Ethllymn
Fenger, Mildred Hoffman of Fari-
bault, Mageline Martius of
Springfield and Harriet Larson of
Redwood Falls. Pail bearers were
Helmuth Timm, Wilbert Radel,
Ernest Fennern, Raymond Fen
ger, Arvid and Gerald Fenger of
Mankato.
Walter Hoffman, Mr.. and Mrs.
Ferdinand SchWeim and Priscilla
and Mr. and Mrs. William Schrae-
der and family were dinner guests
of Mr.. and Mrs. Herman Hoffman
Thursday.
Mr.. and Mrs. August Radel
Everline and Norma Jean and
Helmuth Timm returned Sunday
from South Dakota where they
had been visiting relatives.
Elvera Aftermath of Redwood
Falls spent Thanksgiving at the
home of her mother Mrs. Louise
Aftermath.
Mr.. and Mrs. w. c. Goldsch-
midi of Rock Island were
Thanksgiving supper guests at
the Robert Fenger home.
Mrs. William Fennern celebrat-
ed her fifty-ninth birthday Sum-
day evening.
Valentine and Titus Mack of
st. Paul spent Thanksgiving with
their parents Rev. and Mrs.
Christian Mack. They left for St.
Paul Sunday evening.
Albert Foelster of Mankato ar
rived at the Louis Fenger home
Monday. He will spend several
days visiting relatives.
Charles Kuehl and William
Lehne of Redwood Falls were
business callers at Walnut Grove
Friday.
Mr.. and Mrs. Mike Lange Jr.
and Oscar and Paul of Waterbury
visited at the Walter LANCE home
Sunday.
Mr.. and Mrs Armin Kuehn and
family and Mr. and Mrs. Henry
Kuehn helped Alvin Hoffman of
New Avon celebrate his birthday
Sunday evening.
Mr.. and Mrs. George Schunk
and family of Wabasso were din
ner guests of Mrs. Christina Tur-
bes Thursday.
John Kuehn and Raymond
Fenger of New Ulm were dinner
guests of Mr.. and Mrs. Walter
Fenger Sunday.
Mr.. and Mrs. Walter Hoffman
and family of New Avon and Mr..
and Mrs. Armin Kuehn and FAM
lily were Thanksgiving dinner
guests of Mr.. and Mrs. Henry
Kuehn.
Verna Radel of Clements spent
Thursday to Sunday at the home
of her parents.
Mr.. and Mrs. w. c. Gold
schmidt of Rock Island, Ill. ar
rived at the Louis Fenger home
Wednesday. They left Friday
morning.
Mr.. and Mrs. Herbert Fennern
and family of Springfield were
supper guests at the William
Fennern home Sunday.
Mildred Hoffman of Faribault
will spend the week with her par
ents Mr.. and Mrs. Herman Hoff-
man.
Friends and relatives helped
Ben Foelster celebrate his birth
day Monday evening.
Rev. Christian Mack was able
to preach Thanksgiving and Sum-
day. He had been i'll with neuritis.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01

Shamefacedly, the patient said:
81 hate to tell you. My car choked
on top of the hill and 1 got, out to
crank it. The thing wouldn't start
and l got so ALFRED mad at it I
socked it in the eye. I poked my
fist through the headlight"
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01

Frankfort, Ky.-CP) - When a
man with a badly-lacerated,
bloody right hand came to his
office. DR.. Tom Leonard, Frank
fort physician, asked several
questions to learn whether
police report would be necessary.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-01

Lamberton Friday evening.
Gerald Jenniges returned to
Mankato Sunday. after spending
his Thanksgiving vacation at
home.
Mr.. am Mrs. Sanford Henke
and Larry spent the weekend
with relatives at ST. Paul and
Mankato.
Evening star., 1938-10-07
NEW YORK PRODUCE.

NEW YORK, Oct. Z tF1.-Eggs, 11,9s5;
Arm. Mixed colors. special packs. 29-33ia;
standards 2S1a; hrstS. 26l2: seconds,
2434-25; mediums, 2414; dirties. No. /.
"a: average. checks. 20la-21h2 Refriger-
ator, specials. 26A2s: standards, 254;
frsts, 2514; mediums. 23l2.
Whites-Resale of premium marks,
441a-47. Nearby and Mdwestern. pre-
MUM marks. Al R-44; exchange specials,
36-4l MidweStern, exchange standards
as. Nearby. fancy mediums, 81 a-35
Nearby and western. exchange mediums,
Al; pullets pa Nearby and Midwestern.
refrigerator, specials, 2S1a-33: standards,
27I2-2S; f1rsts 26-26a.
Browns-Extra fancy, 36i2-42. Nearby
and western. exchange specials. SO: other
Western standards, 30. Nearby exchange
mediums, 2S. .
Duck eggS-Fancy, So
higher than extra 26Ia-27i4; extra fa3
score). 26-26A; frsts tss-9D, 23a4-26;
Sh Cheese, 167.5a5 steady. Prices un-
CHANGED.
Evening star., 1938-10-07
10 Low-Yield Bonds.
PS the Associated Press.


NEW YORK, Oct. THE bond
market, after steady opening,
steamed upward again today, with
leaders advancing fractions to 8 or
more points
Prices held to narrow course in
early deals, apparently waiting for
the secondary rails which for some
months have been at the fore of every
advance. Shortly after noon the car
rier liens, lower in the forenoon, start
ed ahead, and plus signs began domi-
mating the list.
United States Governments showed
gains ranging up to 11/32nds of a
point, and nine Treasury issues hit
new highs for the year.
Up l to or more going into the
final hour were Southern Railway IS
of Sc, Illinois Central 434s, Great
Northern 4l2s of TT e" Allegheny
Corp SIS of so, stamped, and Armour
4s of '55. Fractionally higher were
Bethlehem Steel 412s, Loew's 312s,
American Telephone BIAS of '66, Inter-
national Telephone SIS, and McKesson
& Robbins 3l2s.
Ahead among the foreigns were
French TIPS, stamped Italy rs of 81
and warsaw City rs of So
Radio-Keith-O -Orpheum IS of Al
Jumped around 5l2 on sale of Is bonds
Evening star., 1938-10-07
PRICES IMPROVING
ON WOOL MARKET
Better Tone Evident at Boston.
Australian Centers Report
Firmer Trend Also.
By the Associated Press.

By the Associated Press.
BOSTON, Oct. THE Commercial
Bulletin will say tomorrow:
There is a better tone in the wool
market. Further sales of medium
bright fleeces are reported at prices
which show some tendency to ad-
vance. Fine and fine medium ter
ritory woods, also, are firmer and if
anything against the buyer, although
not quotably dearer.
"Advices from the Australian mar
kets indicate a firmer tone prevailing
there, also, with best topmaking Ga
70s up to a clean landed cost, duty
paid, of 80 cents.
'"As for the piece-goods markets,
they evidently are feeling better, too,
although the commitments have not
been heavy during the week.
western operations have been
rather limited, except at the Denver
auctions where 650,o00 pounds were
sold, of total offerings of 1,731, 900
pounds, at an average price of 1870
cents per pound.
"Mohair is bit lower in Texas with
kid hair bringing less premium"
Evening star., 1938-10-07
FOREIGN EXCHANGES.

NEW YORK, Oct. : GP-The British
pound declined more than a cent and the
French franc dipped moderately in terms
of the dollar today in quiet foreign ex-
change dealings.
Renewed essness of these units, ac-
cording to banking circles, was due mainly
to hesitancy caused by further German
demands in CZechosovakia and gloomy
spots in the French financial picture Com
mercial interest in the market it was
said, was small.
The belga advanced OF of a cent, the
euilder lost similar amount and the
swiss franc was unchanged.
Noon rates follow:
Great Britain in dollars. others in cents:
Great Britain, 4.79; 60-day bills 47Sl4;
Canada. Montreal in New York, 99,@sls;
1921; Czechoslorvab5ia' 345; Denmark
many 4O.O71a; benevolent. 1925; travel
21 rs; Greece, ;ssl2; HunsaTy' 1885;
lands, 54,4o; Norway, 24;Io; Poland,
spain, unquoted Sweden, 24. 20; Switzer..
land, 22S0 Argentina, 32.00n: BraNl
free), soon: Mexico City. 2025n: Japan,
27.95; Hong Kong. BOIL; shanehai 16 20.
Rates in spot cables unless otherwise indi-
Gated. Nominal.
Evening star., 1938-10-07
BITUMINOUS OUTPUT
INCREASES MODERATELY

The National Coal Association, from
incomplete carloading reports from
the railroads, estimates bituminous
coal production in the United States
for the week ended October l as ap-
proximately 100000 net tons. Pro-
duction for the corresponding week:
1887, 9,80s,0O0 tons; 1886, 9,337,0o
tons
The report of the National Bitumi-
nous Coal Commission shows produc-
ton of 7,372,070 tons for the week
ended September II, and 100000 for
the week ended September "a, 1898.
Production calendar year to October
/: 1888, 234,928.000 tons (subject to
revision; corresponding period, 1887,
329,114,000 tons.
Evening star., 1938-10-07
GAS LIGHT PLANS :.
%,5OD,0lO ISSUE
Big Refunding Operation
to Be Made Through
Private Sale.

The washington Gas Light Co. plans
to refund Its $8,500.000 five per cent
bonds of 1858 with new per cent
issue maturing in 1868, it was revealed
late yesterday when the company filed
application for approval Of the issue
with the Public Utilities Commission.
The application revealed arrange
ments already have been completed for
sale of the $8,500,000 issue privately
to group of insurance companies,
thus ending Capital security dealers
hopes of receiving share of the buSi-
ness through public offering. The
price will be 101.
A high official in the company said
last night that question Of private or
public sale had been given careful
consideration and that the price to be
received from the insurance companies
was much more favorable than could
have been obtained from public offer
ing.
He pointed to the bond issue Of
Michigan Consolidated Gas Co. offered
publicly yesterday as an example. He
declared that issue was offered at 81,
which. after deducting underwriting
costs, returned a price Of only 95 to
the company
In addition to reducing the rate Of
interest from to per cent, the Gas
Light refunding operation will extend
the maturity of the obligations five
years.
Insurance companies forming the
group which has made arrangements
to buy the bonds here together with
the amounts they will purchase follow:
Equitable Life Assurance Society of
the United States, $3.700,000 John
Hancock Mutual Life Insurance Co.,
$4,000, 900; Northwestern Mutual Life
Insurance Co. of Milwaukee, 81 l,500,-
600; Massac chusetts Life Insurance Co.,
S500,000; Mutual Benefit Life Insur-
ance Co.. s5O0,000; New England Mu-
tual Life Insurance Co., 100000.
The proposed new bonds are to be
dated September /, 1888, and will ma
ture on September /, 1868, making
them run for Is years.
The application adds that the pro-
ceeds will be used solely for refunding
the per cent issue and that 104l2
will be paid for the present bonds.
The premium of AZ per cent will
be paid out of the companys treasury,
officials state. The outstanding bonds
were issued in 1888.
The fact that the new bonds are
to be turned over to the insurance
companies means also that they will not
be listed on the Washington Stock
Exchange. The present per cent
bonds have been listed on the ex-
change ever since they were issued. So
far this year there has been turn
over Of $4,000 of these bonds on the
Washington exchange, the last sale
being at 1852. Their low for the year
is 104l4 and the high LOT.