New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-24
SURE TO BE OVERBID.
OPINIONS THAT OFFERS FOR BONDS WILL
REACH 500 10000.

ONE SYNDICATE SAID TO HAVE BEEN FORMED
TO SOLICIT THE WHOLE ISSUE AND AN
OTHER WILL TRY TO SECURE
LARGE PART OF 1.-THE AL
LEGGED PREMIUM on GOLD
u sean,s pro,abe now that the bids for the Gov
'.r,uo,,,s new issue Of bonds VIII amount to si"V"-
ooc If they do not 20 beyond that hsure' from a.
80 ,tcr,,en, bankers who are interested In the
Loan and with others who are well lniorned ."
the subject it can be said positively mat not ON:
has a syndicate or combination been iorineu WIN"
will bid for the entire issue. bui that there i an
o,her combination outside of this one whioh WI.
bid for from $2OC9lOC) t. S})o0oV o. the pohuS' an"
tho, thor, are a large number q independent p'"-
dcrs for large amounts. The bids range 'i'i" "
basis of rs TO per cent. banner VINO - a. -.
Interested in one OF the combinations OF S''"P'' 90
they call them tod Tribune reporter Ee7''''''
that he thought the iaceer rart Of the DDS "o"'u
,a nader . ne, cent AMI just a shade better than
o. ner cent In fact. he said positively tnat from
what ne could learn there would be no D''S "'
per cent: all would DE lower
In all probability the following are Included III 'ne
eroup which Will make bid for the whoe ISSUE,
The United states Trust Company, the Nd''o'l''
Rank oc Commerce the National PARK BANK "'e
Merchants Nationa, Bank. the Gallaih Na'o'''
Bark the Union Trcs. Company BROW" h'o'",''
a. co. Drexel. Morgan CO.; krhn' hoep 80
ard ] & W Sehenan X co. 1t seems pro'aDiv
amount to $75.V0,o,o or N""'@
4 BIG DEMAND FOR BLANKS.
There was such a large demand for bond issue
crculars and application blanks yesterday AT '"'
snbTreasury that the supply ran out ana d.
there was not time 10 send Tor more. 'O ~
struck off OF typewriters. ana Appl'''"' -
limited one each, and We're '%s~ no To han one
AS far as could be learned here dnr T {n south
H %atinnaI Sank This LIFT the gold reserve DIT
National Bank r.dculed the idea OF golu 9yMS at ns
premium. He had gGd IN me ssi HG" premium if
any one wanted it; but he had had no apImv' ba5
hoibt toId from bullion houses, and as they h had
10 pay a small commission IoI IT,, u" rha Iiea he
got out that gold was at premium Inc ''''' ~
SAD; wa stewart would not say word about the
zion which will subscribe FOR me "hoie 10
sue He consented however. to say thS rho cam.
'The loan viii be a gr ,ynr anS the matter now
has been dismissed from my mind' mat al
care 10 SS the Sis will he made. it was learned
through Mr. stewart. lie has been i% %n 10 he
nrssident Of the Gallatn National Bank sad ne
thought the bids would amount 10 rescb sioo
on, G16 and 100000 and they might re@o" CIV"
ve AS9Tl to be used for bond subscription pur
p'9' ARE FOREIGNERS BIDDING?
man who is much interested in the issue said
,,as,erlov that the subscriptions would DE an
agreeable surprise to the country. They "ouin
~ossihlv amount to sl0oOQooo and The bids "ou.d
he On the bayrs of at least per cent. ana proO"DE
hotter The Government would derive at least Si,-
ON erl gold from the issue ana pe'hap7 MOI
Yieva5 tSat a number Of bids were put IN Whieh
represented foreign capital Mos' OF me nnS, ~
Thought would come from 7hs cltN, io.t"A' 49,
cago and san Francisco. one OBJECT "i ur -
he understood was 10 break the e. ,hahSe mar
Eet SO a. to prevent the export ~ 2oiI ana - u"
courage the import of the precious iet-l ,,,..,..
AZ a matter of fact exchange 44d hrtah S.iE-i'iH
and well-informed persons think tntt IL WI" o.
cline stiu further \ London dispatch vs. pun-
lshed last night which said there was SOM ittSotI
for believing that operations were unaer way W"iSh
should have "a slightly beneficial erect lr'L ti'
American point Of view, on American eAoisaI'hc.
This would seem to refer 10 he easier cviilUg3'
of the exchange market which prevailed '"-''I j"
the day. 49,, al .,a
talk will cease ana the country Will kNp" Neii''''s
whether the loan a success or not.
PROTESTING AGAINST THE BOND lSSJ J..
New-Or,eans Nov 2S-The Knights Of Labor TO-
day adopted resolution protesting against the issue
Of 100000 bonds by the Government characteflz-
tng the issue az an unmitsated fraud ana outrage
upon the tol,ng masses.
The recommendation that all surface railroad en-