New York, Nov. 24.
Following the recent example of other leading all companies, -the Socony-Vacuum Corporation wilt re deem two bond issues on February 15, 1935, according to an announcement to-day The issues to be redeemed, totalling $28,000,000, will be the 4% per cent. debentures of the Standard Oil Company of New York and the Ave per cent, bonds of the General Petroleum Company. "Both are due in 1940.
The necessary funds will be obtain. Jed by bank loans maturing every half year at substantially reduced rates of Interest.
Upon' the completion of the transaction the Socony-Vacuum Corpora. tion will have reduced their funded edt 0 $50,000,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.