Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-01-01

SUPPLY s2OO,0OO,OOO

New York, Dec. 3i.--The Evening
Post In Its last edition says A con-
tract was signed this morning by all
cate subject to the formal acceptance
of the government The syndicate
agrees to furnish one and a half mill
lion ounces OF gold amounting 20 about
S2oo0OOOOO, the government TO take
one-half of this sum first, and to have
the option of taking the other half
and to deliver 4 per cent. thirty year
coin bonds at about the same price as
paid for the last issue of bonds, the
managers OF the syndicate TO receive
a commission OF 1 per cent. The price
at which the last bonds were taken
was l0i 10. at which they yielded ga
per cent. interest"
The same paper says further: 'rhe
most Interesting piece OF news in finau-
cial circles today next TO the report
that contract had been signed by
j. Z. Morgan & Co. for a new govern
ment loan, was the announcement
that Lawson, Werdenfield & Co. had or
dered 100000 In gold from London,
and that 1t will leave on Saturday
The firm mentioned IL n new one. A
member of 1t when asked for some
particulars of the transaction would
only say that tho firm wanted the
gold; that they were not acting for amy
one else and that II was necessary
they should procure the gold from out
side the United States. A curious
thing In connection with the importa-
ton or gold by Lawson. Weidenfeld 4
Co. Is that bankers who sold them the
exchange on which to import the gold
VIII have to export gold to cover their
bllls. Foreign bankers. however. said
that no doubt that for some time Inn
ports ana exports OF gold would occur
simultaneously In consequence of the
unintelligent action Of congress and the
terms ON which the subscriptions TO
the new government loans would be
received
II was reported today that the syndl-
cate in the first instance was made up
OF j. p, Morgan 6 Co. the City Ma
tlonal bank, the Hanover National
bank and German bank, that Messrs.
Morgan CO.. would take $50, 900, 600,
the city and Hanover banks S25, 0O0,.
900 between them and the German
house $4,000, 900. Other banks and In
stitutions are to be allowed 10 partici-
pate at price In what is virtually to
be blind pool, the four members OF
the syndicate mentioned handling the
bonds. Further proof was received
today of the orders given to London
bankers TO claim gold for all coupons
payable In gold. due on January l,
and remit gold or, as in some cases,
retain 1t subject to order. In the event
OF non-payment In gold protest there
OF IL to be made.
New York bankers also received
similar Instructions today from in
terror banks with regard 10 coupons OF
the Pennsylvania Railroad company
and the other interests falling due ON
January l. These banks, some of them
in Pennsylvania, instructed their
agents here to remit the gold to them
by express, Bullion dealers today bid
rs premium for gold. but could obtain
none at that price. Tho lowest offers
were made at ! IL premium and at
that rate one foreign house said II
could be Imported at profit. II was
announced at noon that the gold ship
ped from this city 20 London on last
Wednesday had been purchased for
American account in London and
would be returned on the same steamer.
The price paid was 12 penny per ounce
higher than the Bank of England's
bid"