The morning news., 1894-11-25
BIDS FOR THE new BONDS.
A Total Of Sl54,37O,qOO Bid for BY
297 Bidders.

The Opening Of the Proposals Begun at
12:43 O'clock and Concluded at l:45.
a Probability That the Bid of the
United states Trust Company for the
Whole Issue at S1l7,O77 WIN Be Ac-
eepted as the Most Advantageous to
the Government.
Washington, Nov. 24-Under the treas
ury department circular issued Nov. lS.
inviting proposals for $50.O00,O00 United
States per cent. bonds on a per cent.
basis, sealed proposals We're to-day opened
in the secretary's Office at the treasury de-
partment at y m. in the presence Of Sec
retary Carlisle, Assistant Secretary Cur
tis and Chief Hunting Of the loans and
currency division, half a dozen clerks,
representatives. of some of the heavy
bidders, and a number of newspaper men.
The bonds bid for ranged from $50, to S10,-
600 in denomination dated Feb. 1. 1894, and
by the terms of the circular are to be paid
for in gold in five equal installments, or in
one sum, at the option of the bidder, so
soon as he shall have been notified that
his bid has been accepted. Secretary Car
Isle in his circular stated that he "re-
serves the right to reject any or all bids"
over one hundred letters, some regis
tered and others delivered by messengers
were received at the treasury department
this morning containing bids for the
bonds. Among the important bidders pres
ent were J. Pterepont Morgan, Plny Fisk
and a. Stetthauer of New York, and r.
| w. Bacon of Boston, representing Kid
der, Peabody & Co. of that city The
! opening of the bids began at l2:43 o'clock,
and was concluded at lbs o'clock. After
! the bids had been opened Secre tary Car
/ Isle announced that he was gratihed at
! the result There were 297 bids filed and
the total amount bid for was Slj4,37O 900.
/ The allotment will probably be made on
Monday. 1t is generally considered prob
able that the bid of the United States
/ Trust Company of New York, representing
/ the Stewart syndicate, for the S5OO0OOOO at
$ll7JI7 per $ll0, all or none will be ac-
/ cepted as the most advantageous to the
/ treasury. The prices offered for the bonds
I ranged from $1.0i to S117l6.
/ The Stewart syndicate represents the
/ following concerns:
/ United States Trust Company Of New
/ York; DreXel Morgan & Co.; Union
/ Trust Company of New York; First Ma
/ tional Bank of New York; Harvey Fisk
& Sons of New York; Drexel & co. of Phil
euelphiti D. >. morgan d 20. OF LONDON
| National Bank of Commerce of New York;
! Chase NauohaI sank OF New YORK
Fourth National Bank of New York;
| NaOoIia IIly 6ahh OF Ne" loih' nan
! over National Bank OF New YORK; Cal
/ latin Bank OF New YORK; Merchants Ma
/ uonaI Bank OF New ork; FIRST Nauonal
/ BANK OF Chlcago' mutual Lhe insurance
/ Company OF chicago; Manhattan Com
! PaLg OL view IOlh' .'lOi LII Dll7S ~ ~
/ of New YORK; Heldelbach' lckeiheimer q
% OF new AoIhI L. * > "oIIHser OF
/ New York; j. W. Selgman d co. OF
/ new York bIalI q 20 oL New 1oIhi
Nermile q Go. OF New York t. ). smith
( ers d. 90. OF New 4orh' Edward Smth q
/ 60. or New foIk. AolnJze bros. OF rev
orki LaloaW % 20. OF New y iorki BOW
! cry Savings Bank OIL New ork' hhlcker-
/ booker Iiust company Oh NeW YORK
I Greenwich SAVINGS bahk or New YORK;
I cooper, HeWllI q % .! Ne" hoih' a
X. Emo OF New Aork' a. Il. Orr Ior
/ Brooklyn savings bank brewster Cobb &
EstaDrook OF ooSlou! " InsioW L1Hler y
/ Co. of New YORK Inc Brooklyn trust
| Company; b. Rollins, Morse * Co., Blake
Bros. d 60.
Amohs oLher heaVy pluoeIs IsIst were theSe'
Indiana Trust Company indianapolis
SlO0J,OOJ, ll6. -
Brown Bros. q Co., New YORK. SLOOO'OOO
ll6.l6. ......, ..-o-
Brownshtp & Co, $lVOOVVo' llo.zo ana IN
terest
Continental National Bank OF Chlcago
$500 900, 1850
August Belmont & Co., New YORK, N'-
100000, 1860.