The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-25
THE PROPOSALS OPENED.
THE TOTAL AMOUNT BID FOR is
sl54. .370,9
The Stewart syndicate's Bid for $50. .0oo,-
900 st S1i7.Os7 the Most Likely to De
Acceptsd-Otber Bidders.

WASHINGTON, Nov. A-Under the
Treasury Department circular, Issued NO
vemDer 18th, inviting proposals loT s1y,
O1J,VpO United States per cent. OoLlus
on a 3 per cent basis, sealed proposals
were to-day opened in the secretary ,
office at the Treasury Department, AT l.
NJ, in the presence OF Secretary SaIHsle,
Assistant Secretary curtis anu Oi'. Ohlel
division, half dozen CLERKS, represeh "a,
tiyes OF some of the heavy bidders ana
number of newspaper men, 80
The bonds bid for ranged from 80 10
$4,000 in denomination, dated FEBRUARY l.
1894, and, 10y the terms OF the circular,
are to be paid for in gold IN nVe equal
instalments or in one sum, at the optlon
of the bidder, so soon as he shaH nave
been notified that mis- bad has been ae-
cepted. Secretary Carlisle, in his circular
stated that he reserves the rlght 10 re-
jeCt any or all bids
over one hundred letters some regis
tered and others delivered by messeh-
gers, were received at the Treasury De-
| partment this morning containing bids for
the bonds.
Among the important bidders present
were j. Pierrepont Morgan, Pilny flsk 81
and A. Stetthauer. of New York, ana H.
. Bacon, of Boston. representing hlddeI,
Peabody & Co, of that city.
The actual opening OF the bids began
at l2:43 and concluded at l:b. AFTER the
bids had been opened Secretary Carlisle
announced that ne was gratihed at the
result. There were 297 bids filed, and the
/ total amount bid for was Sl54,3'OSOO. Inc
allotment will probably be made on Moh-
day.
THE STEWART SYNDICATE WILL WIN.
II is generally considered probable that
the bid OF the United States Trust COM
pany, OF New York, representing the
Stewart syndicate, for the SoO,VDVw at
Sll7.OH per 500, all or none, VIII De tSo aco
cepted as the most advantageous TO the
Treasury. The prices offered ranged from
$l.04 TO S.116.
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 & Sons, Of New YORK;
gan & Co., of London; National Bank OF
| Commerce, OF New York; Chase National
Bank, of New York; Fourth National
Bank of New York: National city Bank,
| New York; Gallatin National Bank, New
York; Merchants National Bank, New
York; First National Bank. Chicago; Mu-
| tual Life Insurance Company; Chlcaso'
| Bliss & Co.. New York; HeidelDach'
Ickelheimer & Co., New York; J., & $.
Wormser, New York; j & W. Seligman
& Co., New York; Blair Co, OF New
Smithers & CO., New York; Edward Sweet
& Co, New York; Kountze. Brothers,
| New York, Laidlaw & Co, New YORK;
Bowery Savings Bank. New York; Knick-
Greenwich Savings Bank, New York,
Cooper, Dewitt q Co, New York; a. h.
Orr, for Brooklyn Savings Bank;
Brewster, Cobb q Estabrook, Boston;
Winslow, Lanler e Co., New York; the
Brooklyn Trust Company; T.. Rollins;
Morse & Co.; Blake Brothers & co.
THE OTHER BIDDERS.
Among the other bidders were these:
Indiana Trust Company, indianapolis,
| 100000 at SIG.
Brown Brothers CO., New YORK
Brown, Shipley & Co, London, $1,000 900
at Sll5.25 and interest.
Continental National Bank, Chicago,
''g,iG august Beimont & Co, New York,
| 81, $4,000 at SllS.30.
importers and Traders National Bank,
New York, 100000 at $ll6Ool.
New York Life Insurance Company
s.. so, 600 at Sll6.58.
Thames National Bank Norvcch, Conn,
al, 10000 at Sll6J8
Speyer & Co, New York, 100000 at
$ll6. .lG6.
speyer & Co., New York, 100000 at
speyer & Co., New York. 100000 at
speyer & Co., New York. 100000 at
Ladenburg. Thalman & Co. of New
York bid for 81 10000 I'm sums OF 800 00O
to $4,000 at rates from $3.50 TO SllLll5.
SOME INDIVIDUAL BIDS,
From these prices and amounts the
bids run down 10 bids from individuals
for one thousand dollars. one of these, IN
/ New York was for thousand at Sl0i
What are known as the foreign bank-
ing houses of New York, who are the
| heavy shippers OF gold, were heavy bid
ders for the loan
At the syndicate's bid Of Sll7077 the
rate of interest realized will be S2S7S.
only about ten millions of the bids were
at prices above the syndicate's figures
There we're no gold Withdrawals an
nounced to-day from New York. A. the
clOre of business the Treasury's ated
balance stood al $l00, go 900, OF whcn @S,-
05S.0 600 was i'm gold, a slight gain over yes
terdays balance.