Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-05
There were fft$-eight bids, aggregating
81, ,269 TjO received at 1000
The Williamsburg Savings Bank of Brook
lyn N Y bid $500,000 at I'LL


81 ,269, $50, received at l10;50
The Williamsburg Savings Bank of Brook
lyn, n. Y, bid $50O,000 at Ill.
Lazard Freres, $4,Gco.000 at 110.75.
German American insurance Company,
New York, S20O,e00, I'D New York State
National Bank Of Albany, N Y, 5000, 600
each at 11O.75.
President John A. Stewart of the United
States Trust Company submitted bids for
$16,00O,OOO at fixed price of 110.U75, which
nets about 3 3-S per ceat. and an additional
$10,O00,o00 at a lower figure.
John A. Stewart announced in New York
that he had received reliable information
from Washington to the effect that no bids
below Ill will be accepted.
Conditions OF the Issue.
The bonds, which are releemable in coin,
will be issued in denominations of $50 or
multiPles of that sum, as may be desired
by the bidders. Only United States gold
or gold certificates will be received in paw
ment of the bonds. Under the terms of
the Secretarys circular calling for bids
the first payment of 70 per cent and ac-
crued interest must be made upon recent
OF notice of the acceptance of the bid Tho
remainder OF the amounts bid may he paid
in installments of 10 per cent each and ac-
crued interest at the end Of each fifteen
days thereafter.
Accepted bidders however, are allowed
TO pay the whole amount OF their bids at
the time of the first installrnent or af any
time previous to the maturity of me Ia Isl
installment, provided 1nat ali previous IN
stallments have been paid. The bonds will
De dated February !, 1885, to run thirty
years FROM that Tina, and will therefore,
mature February !, 1925. According to the
calculations of the actaary of tie treasury.
cldder, in order TO realize 9 IL per .ent
interest inter- u. on MS Investment should have Of
Tered $13o.SI49 for each 800 in bonds hid
fcr To realize higher rates of interest
nids should have been made as follows.
2 81 per cent. $l24.23l;,3 per cent, $ll0 32ay;
s115.sssls ss'J.t' .4 81. IL 'e. Iidcd7l; sic,
. 80 5-S. Sill $40; I'D. sl1O 2,ye; 3 -
Slo3.oS36; 3 GIG, $107. $500; 3 SIS sIO6 71o1
8 lilo, $105.5516; 3 "a, $1O4. 4OSo. 2 i3.1G.
4, 500. '' '''i'''0'
The Last Loan.
For the per cent loan of February I.
ie"4' there were in all 23S bids, represent
ing soz'292,1oO OF this amount s42, 1856 $50
was nid for at the upset price of Sill. 22:3
and S9,29 295300 at a price in excess of tho
m mSu Inc amount awarded was $50 900 =.
ooo, upon which the government resIiznd :.
premium of IS, 295. For the ; per cent
loan OF November Is, 1894 for which there
was no o upset price, the government re
ceIned 3oi bids, Amounting to SITS RAJ 15o
The amount of the bids received at SiI.;
Ss3 was $50 00G,CO0; amount belou, mar
rate, $6l ,IG, 100. at rates between S11G eStls
ad ana sIl'o'1, 500; at s117O77, $50, 900
o.o, oa,a "are rue oy the Morgan-Belmont syndi-
G.; cate. The amount bid at rates above
Mll'oI was s1o,9"5,25o. The syndicate bid
was accepted. the government reaiizirg n
premium of $S.I}S 800. The gold nurcts CO =
OF February s, 1896, was for 3.5OO 900
ounces payable in United States per
cent bonds The bid of the Morgan syndi-
cate Gi 10 furnish the. gold was accented.
ne government under the terms of this
az agreement issued bonds amounting to s6o
oIo'fo, Tor which the syndicate paid at
the rate of S104.4346 per 500, the govern
hieht mus realizing premium of s.. 500, ,S44 t..
Entire Amount in One Hid.
). +. Morgan, Harvey, Fisk & Son and
'ne Deutscher Bank of Berlin bid as a
syndicate 100000, 600 at s1106s7S
Up to 40 o'clock 4,6io bids for &C. 269, $50
had been opened. :.