The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-11-26
SALE OF THE BONDS
ALL ARE LIKELY TO co TO TINE
WALL STREET SYNDICATE.
Stewart Bid for All or None-ForeiGn Hous-
es Are Prominently Kepresented-Tho
Issue Was Three Times Over Bid.

Washington, November 24.-Under treas
ury department circular issued November
18TH inviting proposals for 900 United
States per cent bonds on per cent basis,
sealed proposals were today opened in the
secretary's Office at the treasury depart
ment at Il o'clock, noon, in the presence of
Secretary Carlisle. Assistant Secretary Cur
It's and Chief Huntington. of the Loans and
currency division: half dozen clerks; rep
resentatives of some of the heavy bidders,
and number of newspaper men.
The bonds bid for ranged from $50 to $4,000
in denomination. dated February l. 1894, and
by the terms of the circular are to be paid
for in gold in five equal instruments. 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 Carlisle,
in his circular stated that he reserves the
right to reject any or all bids"
Over one hundred letters. some registered
and others delivered by messengers. were
received at the treasury department this
morning containing bids for the bonds.
Among the important bidders present were
j. Pierpont Morgan, Pliny Fisk and y. Stet-
thauer of New York. and r. w. Bacon, OF
Boston, representing Kidder. Peabody &
Co.. of that city.
The actual opening of the bids began at
12:i3 o'clock, y. m, and concluded at lao
o clock. D. IN. After the bids had been
opened Secretary Carlisle announced that
he was gratifed at the result. There were
30 bids filed, and the total amount bid ior
was $l5i $40 500 The allotment will probaol
be made Monday. 1t is generally considered
probable that the bid of the United States
Trust Company. OF New York, representing
the Stewart syndicate. for the s5o,Oe0.oo0 at
SHOOT per 800. all or none, will be accepted
as the most advantageous to the treasury.
The prices offered for the bonds ranged
from $1.4 to $l.1716
Members of the Syndicate.
The Stewart syndicate represents the
following concerns: United States Trust
Company, Of New York; Drexel, Morgan
& Co. Union Trust Company, OF New
York: First National bank, of New York;
Harvey Fisk Il Sons. of New York; j. >
Morgan q Co.. of London; DreXel x Co..
of Philadelphia; National Bank of Com
merce. OF New York; Chase National bank,
of New York; Fourth National bank. of
New York; National City bank, of New
York: Hanover National bank, of New
York; Gallatin National bank. of New
York; Merchants National bank of New
York: First National bank, OF Chicago;
Mutual Life Insurance Company, of
Chicago: Manhattan Life Insurance Com
pany. OF New York: Morton, Bliss * CO..
of New York; Hedebach. IcEelheimer d
CO.. of New York; l. & ;. Wormser, OF
New York; j. & W. Seligman & Co., OF
New York; Blair & Co, of New York;
Vermilye & Co, of New York; +. .
Smithers & Co., of New York; Edward
Sweet & Co., of New York; kountze Bros.'
of New York; Laidlaw &c Co, OF New YORK.
Bowery Savings bank. of New York;
Knickerbocker Trust Company, of New
York; Greenwich Savings bank. OF New
York; Cooper, Hewet: * Co, of Ne" YORK;
A. Y. Emo. of New York; a. r. Orr, for a
BROOKLYN savings bank; Brewster, Cobb X
Estabrook. OF Boston; Winslow, Lanier K
Co. of New York; the Brooklyn Trust
Company. T. i. Rollins, Morse & Co..
Blake Bros. * Co.
Some bids aud Bidders.
Among other heavy bidders were these:
Indiana Trust Company, indianapolis, ST.
goo Ooa. ZIG; Brown Bros. & Co. New York.
81 900 900. n616; Brown, Shipley & Co, OF
London. $l.O0O0OO. Hops and interest; Con-
tinentaI National bank. OF Chicago $780,
o0o 1860: August Belmont & Co., OF New
York. $l,50OoG0, 1860; Importers ana
Traders National bank, OF New YORK. w.
600 900. 1lGOsl; Manhattan Trust Company
of New York, s1.oOoOOO, 1l64l; Old Colony
Trust Company, Of Boston, $l,oooOoo. HOE
New York Life Insurance Company, S-'9oo'-
oo1 1163s: Thames National bank, NORWICH
Conn. 100000, 11Gss; Spejer q Co.. New
York 81 100000. sl16 266; Speyer & Co.. OF
New York. 81 .OOO.OOo 1865; Speyer & Co.
or New York. 100000, 116.i06; Speyer *
90 New York, 81, 900. Ooo 1876; Ladenburg,
Tholman & Co, of New York, DID LOT N'-
roo GOO in sums of 100000 TO $250,Ooo at rates
from 1860 to 1i7.11J. From these prices
and amounts the bids ran down to bids
from individuals for $1,000. one oil theSe
in New York was for $1,000 at lUi. what
are known as the foreign banking houses
Of New York. who are the heavy Shippers
of gold. were heavy bidders for the loan
At the svndicate's bid of 1l7017, the rate
of interest realized will be ISIS PEI cent.
ONLY about $lOooO.Ooo of the bids were
at prices above the syndicate's figures.
There were no gold Withdrawals an
nounced today from New York. At the
close of business the treasury's stated
balance stood at $lOoO6O,OOO, of which $685.
O5S. 900 was in gold, slight gain over
Yesterdays balance.
one good thing about DR.. Prices Bak-
ing Powder is that contents of the cans are