The herald., 1896-02-06
ASTOUNDED THE EXPERTS
[continued from First page !

HunHs Aoep N Oo'' NC" 1oEAs $ooVsVoO'
AT 1le.e74: Firs. National bank, Pasa-
dens, S26 900.
At ll5: Nevada bank of San Francisco,
100000; H. S. Howe, United States
army. $4,000.
AZ ii2.s: Nevada bank, San Francisco,
100000,
Third National bank, New York city,
5000, 900, at l10.71.,
J. A. Satterwhite, New York city, $780,
600, at lis.
Helifax Banking company, Halifax, $780,
600, at 1925,
John A. Donaldson, New York city, s475,-
600, at 111.65.
First National bank, San francisco, $1O,-
600, at 1880.
First National bank, San Francisco, $1O,-
600, at l12.125.
First National bank, San Francisco, slO,-
600, at l12.O625.
First National bank, San Francisco, S1O,-
900, at 112.
First National bank, San francisco, Sl0,-
600, at 11l.75.
William Graves and associates, New
York City. $3.50, 900, at l. $500.
Kuhn, Loeb e. Co., New York city, $780,
600. at 11l.5O.
Kuhn, Loeb & Co., New York city, $780,
Santa Rosa National bank, Santa Rosa,
Cal, $4,000, at Ill ,531.
In addition TO the foregoing there are a
very large number of bids for amounts
ranging from $50 to 100000, offering
premiums ranging from l. TO 100. There
were numerous bids at over l20, there be-
ing one bid for $50 bond at lbO, but
without exception the bids offering over
$l20 were for very small amounts, rang
ing from $50 to $500.
II, or most all of these bidders, as we'll
as those mentioned in the foregoing list,
1sIx IAa
there were host of unsuccessful bidders,
their aggregate bids exceeding 100000.
Some of the largest bidders werei Hanover
National bank, $l,O00,O00 at 1O9, $l,-
100000 at 100 .O5, 81 100000 at lO9.09
and 81 200, 900 at 11O.52O.
The Merchants National bank, Balti-
more, $35O,OO0; Heidelbach, Ickelheimer
company, by John A. Stewart, $4 ,OOO, 900;
Vermilllon & Co., So,O0O.O0O; LaEard
Freres, "a 1000, 900; German American
Insurance company. New York, 5000, 900,
and New York State National bank Of Al
bany, N. y, S30O,OO0, at 1lO.50; Guar
aotss Ga' az S BANK Of Mon
100000, at figures ranging from l071< TO
llO; Rollins, Morse & Co., Boston,
$l,OOO,O0O, at 100. 127; Robert Treat
Paine, Boston, 81 900, 900, at 1O5.127; L.
Cahill, jr., Jersey City. $1,OOO,000, at
lO9ls; $l l,OOO,OOO, at lOS.
Only United States gold coin or gold GER
tificates will be received in payment for
bonds. Under the terms of the secretary's
circular calling for bids the first payment
of 20 per cent and accrued interest must
be made upon receipt of notice of accept.
ance of bid. The remainder of the
amounts bid must be paid in installments
of 10 per cent each and accrued 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 ipstaliment or at any time
previous to the maturity OF the last install-
ment, provided that all previous INSTALL
ments have been paid. The bonds will be
dated february l.. 1895, to run thirty
fore mature February, 1925. Accord
ing to the calculations of the Sec
retary of the treasury, a bidder
in order 10 realize 2M per cent interest on
his investment, should have offered 130.-
S749 for each 500 bond bid for. To real
ize higher rates of interest bids should
have been made as follows; 2M per CEN,
per cent. l17.l949; 3I per cent. 1l6.-
647l; 3.l6 per cent, 115.3391; 81 per
cent, 1l4.O506; 3 5-16 per cent, 49,
78l4: 3ss per cent, IL 1910; 3 7-l6 per
cent, 100000; 81 per cent. llO.OS56;
2 g 9-1e per cent. ao7.se; SN Re Psr cent.
lOOstlGlS ll-4O PoI ScHts tOCsoo+Os
3M per cent, 1O4.4sO2; 1871 per cent,
1O3.28l6; 3T per cent. 1O2.l7l6;3 8 l5.l6
per cent. l0l.O77S; per cent, 100000.
SURPRISED THE BRITIsHERs
LONDON, Feb. Ga New York dispatch
to the Daily News says:
The success of the loan is astonishing,
and shows that the investing public does
not fear that the country will adopt silver
standard.
The News says editorialIy on the same
subject:
"Certainly, compared with previous ex-
periments of the kind. its popularity is re-
markable. and President Cleveland's con-
fidence is amply justified. Its success will
repair the damage to credit and will steady
public confidence. Still Secretary Carlisle
will not fail to impress upon his country,
men the costliness of these experiments
for maintaining the reserve. Probably. the
most satisfactory feature to President
Cleveland and Secretary Carlisle 10 the
proof Of public confidence In their tlnsn'
oial policy.'