Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-25
BIDS FOR THE BONDS
They In Duly Opened IN Secretary
CarliSle'S once.
THE LARGEST OFFER, $ii7.o77.
This II Made by tho Stewart Syndicate
and Will Probably BE Accepted-Totai
Subscription, s1Sa,37o.oo0


the Treasury Department circular issued
November 18th inviting proposals TOT w.
10000 United States 6 per cent ponos Oh
a per cent. basis. sealed proposals were
to-day opened In the Secretarys ohice a.
the Treasury Department at IL NJ, In the
presence Of Secretary Carlisle, Assistah''
Secretary Curtis, and Chief Huntington
of the Loans and Currency DIVISION nan
a dozen clerks, representatives OF some Vi
the heavy bidders. and number Oh
newspaper-men.
The bonds bid for ranged from 80 to
s,0 600 in denomination. dated February
1891 and. by the terms OF the circular
are to be paid for in gold In fve equal
instruments. or In one sum, at the option
of the bidder. so soon as he shall have been
rotined that his bid has peen
accented. Secretary Carlisle in his circu'
,or s,a,ed that he reserves 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 Depart
ment this morning containing bids Tor the
bonds
Among important bidders present were
pierpont morgan. Pliny Fisk, and A.
stetthauer, OF New York. and X. W.
Bacon. OF Boston. representing kidder
Peabody e. Co. Of that city.
The actual opening of the bids began al
12:43 and was concluded at lA5. Aitei
the bids had been opened, Secretary Gar.
Isle announced that he was grained az
the result. There were 297 bids filed, and
for t1Ji 30. UU.
ALLOTMENT TOMORROW.
The allotment will probably be made on
Monday. 1t is generally considered prop
able that the bid OF the United States
Trust Company, Of New York, represent
ing the Stewart syndicate, for the SJo,Vp,
900 at sll7.O77 per 500. all or none. VIII be
accepted as the most advantageous to the
Treasury. The prices offered for the ponds
ranged from sl.0t TO d.l7l6.
The Stewart syndicate represents tn
following concerns: United States Trus
Company. of New York. Drexel, Morgan
G. Co: Union Trust Company, of New
York: First National Bank, of New
York; Harvey Fisk & Sons. Of New YORK
Drexel &: Co.. Of philadelphia; j. S. Nor
gan 6, Co., of London; National Bank Of
Commerce. of New York; Chase Ma
tIonal Bank, Of New York; Fourth Ma
tional Bank. of New York; National City
Rank. of New York; Hanover Nationa
Bank, New York; Gallatin National Bank
New York: Merchants National Bank
New York: First National BANK
Chicago; Mutual Life Insurance Com
many. of Chicago; Manhattan Company
New York; Morton, Bliss & Co. Ne"
York: Heidelbach. Ickelheimer d Co.
New York; l. & $. Wormser Ne"
York; ]. & W. Seligman & Co, New
York: Blair & Co., Of New YORK: 'er
milye g. Co., New York; +. S. Smither!
& Co.. New York; Edward Swee
q Co.. New York; Kountze Brothers
New York; Iaidlaw & Co.. New YORK
Bowery Savings Bank. New YORK
Knickerbocker Trust Company New
York: Greenwich Savings BANK. Ne"
York; Cooper Hewitt 81 Co, New hork
A. T. Orr, for a Brooklyn savings paiiA
Brewster, Cobb G. EstabrooK, bos'ou
Wtnslow, Ianier & Co. New YORK ths
Brooklyn Trust Company; Z. hoiiiiis
Morse & Co.; Blake Brothers q Co.
OTHER BIDS.
Among other bids were these:
Indiana Trust Company, Indianapolis
81, 10000; SIG. x.,,
Brown Brothers g. Co., New YORK
100000; sl16l6. o
brown. shipley & Co., London. 1900
0OO; sl1525 and interest.
continental National Bank, chicago
$500, 600; sllo.5o
August Belmont & Co.. New YORK
81. 10000: sllS3o
importers and Traders National Bank
New York. 100000; sllG.oSl.
New York Life Insurance. Company
$500, 900; sl65s.
Thames National Bank Norwich. Conn.,
81, 10000; sll6.5S. .o,oooo
speyer & Co.. New York, N'cW'W'
sI6.266
Do. do. 100000. at slieiOa.
DO. do. 81, OO0.O00 at sll5l5S.
do. do, 81 10000, at Sil6.766.
Iadenburg, Thalman & Co. OF rev
work hid for 81. 100000 in sums Of slOocs
a. s2jo.O at rates from $3.50 TO slA''h0
FOR SMALL AMOUNTS.
From these prices and amounts th'
bids run down TO bids from indiViuuai'
for 81 900 one Of these in New YORK wa
for a thousand at $l.O4.
What are known as the foreign panh
ine-houses OF New York, who are tht
heavy shippers OF gold. were heavy pid
ders for the loan. -- a.,
Al the syndicate's bid Of fll7W7. th'
rate Of interest realized will be S2.S'S
Only about ten millions Of the bids were
at prices above the syndicate's figures.
There were no gold Withdrawals an
no,nced to-day from New York. AT the
close Of business the Treasury's STATED
balance stood at $lOo.OGoO00, Of whicf
SIS. 900 was in gold. a slight gain ovei
Yesterdays balance.