New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-11
REPATMENIS BY TIE SYNDICATE.
THE MEMBERS GET pACr: 20 PER CENT or THE
MONEY ADVANCED FOR THE BONDS Mr. CLEws

THE MEMBERS GET BACK 20 PER CENT OF THE
MONEY ADVANCED FOR THE BONDS Mr. cLEws
OS THE STATE OF THE STOCK MARKET.
Members OF the Belmont Morgan Government. loar
syndicate yesterday received back ~ cent OF tho
money which had been advanced for the purchase
Of the per cent god bonds. Repaymenis amount
ing 10 S2.ol0cc) thus male BY checks on the
National Park Bank. the FIRST National Bank AMI
the Natona, Bank % Commerce. Tho repaynents
proceeds OF bonds sod to outsiders. not profits
on the TRANSACTION II Is assumed that the Be-
mont and Morgan firms together contributed about
100000 Of TIE $325O0JJ0 wh.ch WAS paid in god
FOR the first half Of the issre Of per cent bonds
When tho bonds are al so'd by the syndicate and
the money advanced for tre purchase OF the bonds
from the Government has oeen repaid II is expected
that the syndicate wifi be able 70 divide profit OF
about yer cent On tie Transaction. or about
$4,000.
An Increase OF $}5oCp IN the free availahe go!d
IS 10, ortei BY the United : ates Treasury but men
In Wal Street yesterday who not members o.
the syndicate could not eel where tn" god came
from. and even the o,tclas Of the Sub-Treasury
expressed ignorance on the subject 1t wax pre-
sumei that there hal been transfers at Washing
ton OF Treasury receipts for god. which had been
held by members IF the syndicate
Henry Clews yesterday posted in his Office IL
Broad-st. he following bulletin. which attracteD
much notice
The high rate Of sterling bills only a few weeks
ago at that time demoralized the security narHet
of reversal The London and Continental de
mand for securties-which a very shori time
since despissd by the same parties who are
now gobblng them Up with a crocodile appetite
has caused demoraiized condition in the exchange
market. The fashion IS now 10 export stocks. as II
formerly 20 expor; gold. AMI the Di.s oeing
made against shipments of securitt" are on 50
large a scaie 10 threaten 10 break down the
rates of sterling 10 the goi-mporiing point Sucn
a revolution this in the gold current IN so snort
a space OF time is simply marvellous II was only
about weeks when London ninciers ana
those the Continent wanted nothing American.
their advice being 10 sell everything and bi, no'h-
ing Now it is 70 buy everything and sell nothing.
Al that time orders only for gold a, any pre-
While now the same parties are willing to send u
for our stocks and bonds. The bars which made q
barrier against taking our securities Deioi" were
let down by President Clevel'nl when he gaze M,
per cent bonds AT an inviting price. which nToVeI
70 be bonus TO buy their good nature IN i idv22r
OF this country. This dose OF Gcvernnnsn; non no
proved 10 be equal to "A physicians recipe for tA@
Englishman's bilious attack aEsirs; this country
and was an emc,ic which caused them 10 throw on
their bic. 1t made them open their eyes. I'm.
dense fOgs America. ana now everything
they see on this side appears bright to them viii,
intel,ects entirely obscured their vision
There has been unusual activity in stocks Tor
two DAYS and the sa.es a. the Ne"-NorN STOCK
Exchange on orders from abroad. have been phe-
nomenal Mr. Cews said late in the afternoon.
From present appearances the only things that
.ook like going down are old buildings 70 maxi
MAY for r new b Snf In IN s ETY. a mar
and ahoud be considered as an evidence OF lrpiVn.
Ing times. Judging from the tone which +, Va' !;
al the New-York Stock Exchange. stocks am Don =
look as though they never would 90 down any more
Tha only thing now loft - make the n"afs -Tl'
a little bit is the tearing down Of o'd hui.Ilhj@
They certainly can't get much comfort i!o" "'
stock m srket