Birmingham state herald., 1896-02-06

1 amount was received. | Mir. Morgan, after figuring on the bids | received, said tonight that he estimated | that he would be awarded on his bid | about 60 per cent of the $100, GOO. He reached the conclusion simply from hear l ing the various bids read, as he did not l think that more than $40.000.000 bids above that figure had been made. 1 Scarcely more than one-third of the l actual bids received are included in the | imperfect lists now published. Several | thousand bids below the obvious limit of 1 acceptance are omitted. Bids for many l millions of dollars coming from New York, Ohio, Pennsylvania, Texas, Illinois, l Connecticut. Virginia, Maryland, Ne l braska, South Carolina, North Carolina | Indiana Michigan, Louisiana, the state | of Washington, Iowa, Wisconsin, Mime | sota, and in fact every state in the un.on, were thrown into the most incongruous l state of juxtaposition, and quite num- | Der of offers from Canada were received | at prices ranging from 109 downwards. The number of small bids was quite re- markable. The $50 offers ran up into the | hundreds and at fairly good prices and over 1000 small banks and private indi- viduals. whose offers at the highest rates l of acceptablity ranged from $500 up to | SSOO0 or $90OO are not included in the lists | published The offers by all classes of small bidders below the no and fraction | limit, which seems to shut off the issue, were still more numerous. | A feature in these offers was that so | many of those of large amount, ranging | in many cases up to $1, ,000, 900, came from fiduciary institutions which thereby ln- | dicated that they had no better outlet | than that afforded by United States bonds at the price at which they will un- doubtedy be awarded. | One of the curious incidents of the day was the fact that the bids of the Union Trl1S c nf New York S72 000 900 a t 110.075 almost escaped notice in the | monotony of the reading, while the bid | of the Morgan syndicate was received with applause. The Hanover National bank of New | York submitted six separate bids of s1 .O00,O 900 each at prices ranging from 1O9 to 110.S75. Lazard Freres of New York | bid 110.75 for GOO and President John A. Stewart of the Union Trust com pany of New York bid for $10,e00000 in addition to the $7S.000 mentioned at low CT figure. The following are some of the bids from southern states:
 Berney National bank of Birmingham, Ala. $50000 at 109.
 Lynchburg National bank, Lynchburg, | Va, $25,000 at 109 Bank of Charleston, Charleston, S. C., 1 $75. GOO at 110.50 | Citizens National bank, Knoxville, Tenn. $10000 a 111.50.
 Germania Savings bank, New Orleans, | La., $250O0 at 112
 First National bank, St. Augustine. l Fla, $25.000 at 112.
 First National bank, Columbus, Miss, $20. 900 at 112.
 J. T. Allison, Statesville, N. C., $10,0OO at 112 | First National bank, Mobile, Ala, s15,- | GOO at 110
 Fort Worth National bank, Fort Worth, l Tex. $5O000 at 11O. Texarkana National bank, Texarkana, | Tex. $25, ,000 at no.
 Edisto Savings bank, orangeburg, s. C.. $20.0O0 at 110. ] Bank of Charleston H. B. Al, Charles. ton, S.. C., $25,000 at 1112N. | New Orleans National bank, $100,000 at $30, GOO at 1102992.
 Hibernia National bank. New Orleans, La, $50,000 at 110.2992. l First National bank, Barnum, Tex, $3O, 900 at $110.2992.
 Following bids were at 1O9 and under: John L. Willard & Sons, Richmond, Va, $100000.
 First National bank, Flatonia, Tex, O,OOO
 John G. Armstrong; Wilmington, N. C., $7OO, 900.
 Carolina National bank, Columbia. s.
 First National bank, Chattanooga, | Tenn, $72, 800.
 National Bank of Wilmington, N. C., $1OO,O0O
 Union and Planters bank, Memphis Tenn, $100,00O
 Germania Bank of Savannah, Ga, $125,- 900.
 First National bank, Fernandna, Fla, $1O,OOO.
 Commercial National bank, Houston, | Tex, $100, GOO.
 City National bank, Selma, Ala, $100,- 900.
 Peoples National bank, Winston, N. C., $2O, ,00O.
 Steiner Bros, Birmingham, Ala, $250,- 900.
 First National bank, Memphis, Tenn, $100, ,000
 First National bank, Vicksburg, Miss, $63, 300.
 Vicksburg bank, Vicksburg, Miss, s30,- 900.
 Richmond National bank, Richmond Va, $270,000, in nine bids of $3O,OOO each ranging from 107.51 to 111.51. | Merchants National bank. Richmond Va, $250,0OO at III and ditto at HOBO.
 Other bids for round amounts were:
 First National bank, Cincinnati, O., | $1, 200, 900 at 109.05.
 Joseph Pulitzer, New York, $1, 900, 900 at IA.
 Onhoffman & Co.,, New York, $7,5oO,Ooo at 110.075.
 Speyer & Co.,, New York, sS,0OO.O00 at | 110.524 to Ill .051.
 
 GOO, GOO at 1101a and S5, ,000, 900 at III.
 Mutual Life Insurance company, New | York GOO at no.
 August Belmont & Co.,, New York, $3,- | 800, 900 at 109.015. The list of bids from New York em- | braces an endless number of names fla | miliar in the financial and commercial | world. as well as of private capitalists not actively engaged in business. The Bonds Quoted at 117.
 New York, Feb. 5.-There was some lively bidding for the new per cents on the curb this afternoon. The quotation on the street at o'clock was 1894 bid and IF asked. The impression here is that the Morgan syndicate will get the bulk of the new issue. This combination bid about Ill for the bonds, so that if the secretary should award the bonds to the Morgan syndicate the latter will have a market at once and at big profit. l Confidence Restored.
 London, Feb. 5.-The Daily News in an article commenting upon the subscrip- | fCt bo fpericap loa n yVi tp.