The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-01-09
Terms of the Contract.

New York, Dec. 3l.-The Evening
Post in it's last edition says a con,
tract was signed this morning by al
the members of the new bond synql-
cate. subject to formal acceptance by
the Government. The syndicate agrees
to furnish II, 100000 ounces OF solu'
amounting to about 5000, 0OO,OOO, the Gov
eminent to take half this sum hIst,
and to have an option of taking the
other half, and deliver four-per-cent
thirty-year coir bonds at about the
same price as was paid for the lasl IS
sue OF bonds. The managers OF the
syndicate are to receive commission
OF / per cent The price at which the
last honds were taken was 104.49, at
which they yielded 3% per cent inter
est" ,,,r,-
The same paper says further; The
most interesting piece OF news III
financial circles today next 10 the re-
port that contract had been slgheu
by ]. p. Morgan & Co. for new Gov
eminent loan was the announcement
that Lawson, Weidenfeld a. 90. nau
ordered $4,000 in gold from LONDON
and that it will leave on saturday.
The firm mentioned is a new one "A
member of 1t, when asked for some
particulars of the transaction, would
only say the firm wanted the gold, that
they were not acting for any one else
and 1t was necessary they should pro
cure the gold from outside the United
states. 1t is understood the gold Is
imported for the purpose of paying for
some of the new Government ponds 10
be issued
"a curious thing in connection with
the importation OF gold by Lawson,
weidenfeld & Co. is that the bankers
who sold them the exchange on which
to import the gold will have to expert
gold to cover their bills. Foreign bank
ers. however, said no doubt that for
some time imports and exports of gold
OF nannQlV in cOnSn-
quenee of the unintelligible action OF
Congress and the terms on which sub
scriptions to the new Government loan
would be received.
at was reported today that the syn
dictate In the first instance was MADE
up by j. p. Morgan & Co., the City Ma
tional bank the Hanover National
bank and a German bank; that Messrs
Morgan & Co. would take $50,0O0O00
the City and the Hanover Nationa
banks $25, 900 900 between them, and thu
German house $25. 000, 900. other banks
are to be allowed to participate at {
price in what Is virtually to be blint
pool, the four members of the syndl
cate mentioned handling the bonds.
NO SYNDICATE GUARANTEE.
New York, Dec 3l.-Bankers In thi
city, In close touch with the Admins
tration, express an opinion that tn
announcement regarding the Govern
nent bond issue will be made not late
than Thursday Details of the contrac
with the syndicate will closely conform
to those of the previous issue. The loa
ia expected to be for 500, 600, 900, wit
an option on an additional 100000, 0O
The Arrangements do not provide 10
any guarantee by the syndicate as J
the last issue. Formal applications fo
allotments of the loan are being RI
oeived today by j. p. Morgan g. Co
who announce that no applications wi
be received after p. m. Domestic al
rJications alone, 1t is believed, will az
gregate $3.50, 100000.
MAY BE POSTPONED.
Washington, Dec. 31.-There were ne
developments today in the matter of
new bond issue, and the opinion no
q number of day. yet. The cessatio
Of large Withdrawals of gold for e.
mort and the fact that one or more o
ders have been placed for gold shi
me. IS from abroad are important IA
tors the question of an early issu
Or :hc other hand, the almost dai
announcement from the sub-Treasul
at New York that considerable quaint
ties are being withdrawn in redempti(
OF legal-tenders would seem to 1usti
prompt action by the President The
redemptions. 1t is said, are undoubted
asked for the purpose of accumulatir
a supply of gold with which to pu
chase bonds when they shall have be,
placed on the market by the syndicai
and as they now aggregate consider
bly, more than IS, 900, 900 since the fort
coming issue became a settled fat
their early discontinuance has becon
q matter of the first Importance.
Gold in the Treasury.
Washington, Dec 3l-The Treasu
lost today $4,000 in gold for expo
and $685. by the redemption of leg;
tenders, leaving the true amount