The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-01
KEPT ON THE MOVE
London and New York Passing
Gold Back and Forth.
THE BOND CONTRACTslGNED
Gold Shipped to England Last Week
VIII Come Back on the Same
Steamer-Financia Con-
ditions Mixed

New York. Dec. s1.-The Evening
Post in its last edition says: The
contract was signed this morning by
all the members of the bond syndicate
subject to the formal acceptance Of
the government. The syndicate agrees
to furnish 11,500,000 ounces of gold,
amounting to about $500. .0o0. 900 in gold.
the government to take half this sum
first and to have the option of taking
the other half and deliver 4 per cent.
so-year coin bonds at about the same
price as paid for the last issue of
bonds, managers of the syndicate to re-
ceive a compensation of per cent The
price at which the last bonds were
taken was 1o4.o9. at which they yielded
81 per cent interest.
The same paper says further: The
most interesting piece of news in finan-
cial circles to-day, next to the report
that contract had been signed by ].
p. Morgan & Co. for a new govern
ment loan, was the announcement that
Lawson, Weidenfeld & Co. had ordered
100000 in gold from London and that
1t 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 that
the firm wanted the gold, that thcy
were not acting for any one else, and
II was necessary that that 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 bonds to
be issued. A curious thing in connec-
tion 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 export gold to cover their bills
Foreign bankers, however, said no
doubt that for some time imports and
exports of gold would occur simultan-
eously in consequence of the unintelli-
gible action of congress and the terms
of which subscriptions to the new
government loan would be received
1t was reported to-day that the syn
dicate in the first instance was made
up ]. p. Morgan & Co., the City Ma
tional bank. the Hanover National
bank and a German bank; that Messrs
Morgan & Co. would take $50, ,000, 900,
the City and Hanover National banks
s25. 900 between them and the Ger
man house $25.000.000. other banks
are to be allowed to participate at a
price in what is virtually to be a blind
pool, four members OF the syndicate
mentioned handling the bonds. Fur
the proof is received to-day of the
orders given by London bankers to
claim gold for all coupons payable in
gold. due on Jan. 1, and remit the gold
or, as in some cases, retain 1t subject
to order. In event of non-payment in
gold, protest thereof is to be made
Many bankers also received similar in
structions to-day from interior banks.
with regard to coupons of the Penn
sylvania Railway company. and other
companies falling due on Jan. 2. These
banks, some of them in Pennsylvania.
instructed their agents here to remit
the gold to them by express. Bullion
dealers to-day offered x per cent. pre-
MUM for gold, but could obtain none
at that price. The lowest offers were
made at IA cents premium. and at
that rate one foreign house said 1t
could be imported at a profit. 1t was
announced at noon that the gold
shipped from this city to London last
Wednesday had been purchased for
American account in London and
would be returned on the same steam
er. The price was half a penny per
ounce higher than the Bank of Eng
land hid