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Show PENNSYLVANIA ROAD ASKS PERMIT TO ISSUE BONDS WASHINGTON. Fob 4. The Pennsylvania Rqallroad pompanyj asked the Interstate commerce com- misalon today for authority to issue! S I I'O.OOO.OOO w orth of wold Ubnds. Half of the amount, bearing interest! at C per . "nt, would be sold and the other half, bearing Interest at 6 per cent, would be pledged as security for the bonds placed on the market. Of the funds to be derived from the sale of the $00,000,000 of bonds' to be marketed, $10.000.000 would be tsj .1 to purchase equipment of the Pennsylvania company, of which thc- raiiroad owns the majority of stock, and 5-J.O00.ll00 would be used in purchasing shares owned t; thje I'enn-sylavania I'enn-sylavania company in the Pittsburg, Fort Wayne & Chicago L;.llway company com-pany and in other units of the s-teih. s-teih. oo |