Monday, Nov. 26, 1928

Loans

Post-election week brought a renewed burst of financing. Among new issues:

Estate of Henry E. Huntington: Nine million five hundred thousand dollars five-year notes; to pay balance of Federal estate and California inheritance tax on $42,000,000 estate of California's most famed book-collector; the library, now a public possession, is not among assets securing loan; Harris Forbes & Co., E. H. Rollins & Sons; counsel: Gibson, Dunn & Crutcher, O'Melveny, Tuller & Myers (Los Angeles).

North German Lloyd: One hundred seventy-five thousand common stock shares at $69 per share ($12,075,000); to pay for six cargo liners, purchase of other shipping companies; Kuhn, Loeb & Co., Lee Higginson & Co.

Pacific Western Oil Co.: Fifteen million five hundred thousand dollars 15-year debentures; to help purchase California oil properties of Petroleum Securities Co. (Edward L. Doheny) covering 40,000 acres, valued at 43 million dollars; Blyth, Witter & Co., J. & W. Seligman & Co.; counsel: Sullivan and Cromwell, Cravath, deGersdorff, Swaine & Wood (Manhattan) Loeb, Walker & Loeb (Los Angeles).