Business & Finance: Deals & Developments: Jul. 7, 1930

Cities Service, unique Henry Latham Doherty's combination electric, gas and petroleum company, last week announced an issue of $118,000,000 in 5% convertible debentures due 1950. A syndicate headed by Harris, Forbes & Co. in the East and Halsey, Stuart & Co. in the West is handling the issue, has also withdrawn from public offering between $25,000,000 and $30,000,000 of its amount. As 140,000 Cities Service stockholders have already bought an additional $45,000,000, there remains some $60,000,000 in which the public may participate. Object of the issue was the raising of cash for improvements...

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