New-York tribune., 1897-07-30
CITY BONDS SELL WE'LL
THE LOAN OF $10.O00.0o0 Sh PER CENi
GOLD BONDS LARGELY OVER
SUBSCRIBED.

When Controller Fitch opened the BID pox OF '''o
Finance Department yesterday IN wncm ".e as
th,rty-nine bids for the loan or No'ooSoi' ~ or
per cent gold bonds. and found 'hat 'he oo'"
nde bids ran from par TO l"S' ne '.',u ,'rosusrtr
the country was the high roao 10 prospe,',
Th. sum total aggregated SIG. .35S, gilmore than
double the amount offered.
Tho highest regular bid came from Henry b.
Platt general manager OF the r1nei'y anu D..,o
Company Of Maryland and son OF senator law
for 100000 for which 1077s was onerec''
The Sinking Fund Commissioners VIII oee'oe
which is the best bio for the city ana thes -.
likely 10 award the loan es n whole 10 Nern,ise
& Co. who with Xuhn. Loeb & Co., offered iOo'siI
and accrued interest for the whole issue. IL was
said at the Controllers Office yesterday that the
award would in all probability go TO the Verhiye
frm II will be announced to-day 'aise nun"
Der OF spectators watched the opening
7 p Morgan & Co.. Harvey Fisk d Sons ana
Blake Brothers & Co.. bidding together oHereu
1oel47 for the whole none Of the *Soo'V" oocN
bonds and lO2 4s7 for the whole or any part OF the
remainder. ~,
The highest individual offer was that OF D. W.
Freeman for 10000 at 112 and 100000 at III ou' a
his bids were not accompanied by certi'ieo '"ee"
10 insure evidence of good faith they were re-
1ected informal. r,-
The first bid opened was from the Traders Fire
Loyds for s25 900 worth Of bonds payaoie III i'i''
The bid was 107
H. Mills asked for $500 worth at par
Iaurencelle No ls5 Greenwich-st. bid lOl
for 5000
r. j Trimble wanted sl5l5o worth at lol
Edward Obendorf No. 1b5 Maiden Lane pid TOT
$40 900 in varying lots follows: lVo IVo io'o
lO7 lO7 l2ia 1O7 %. l07.5O and 1910
The Netropoan Savings Bank desired sloooW oi
+he following issues in various lots at these rates
Issues payable 1916. 1042s; November J. 1910 lci'o'
November J. 1915 1o4 90; November l. 1921 100 'so'
p T. Connolly. Of -hundred-ahd-tiIrtS -"'e'
et and Third-ave bid lO37S for $4,000 of the con-
soidated issue
l. Van Cook desired $50, ,0co at l01.S7. Y. A saw
yer of Waverley asked for 5000 worth at par
The bonds were desired for another person
The Insurance Company Of America. through
r G. Rathburne bid for 100000 worth In TWO iots
at 1876 and lO7sO The National Standard lnsur-
ance Company by r. c. Rathburne also. bid Tor
$50 go in two lots. at 105.1 16 and lV7@
c. b. Richard & Co. desired $4,000 worth at 1o7o
The Bank of Montreal asked for siVo"o worth al
1919 o.o
The Washington Trust Company asked for 100000
AT iCfiS and 10000 at 1898. $1,000
Maitland o CSpped nd soS S 9a at ld9 IS
Reitze Schmidt asked for r.. $1,000 S at 165 lg7o' $500"
scholle Brothers asked for 100000 at 1O6.le' and
sg WS,,ehopse al yo'P e. Co. asked for $4,000 at 1o5
Fidelity and Deposit Company of Maryland asked
' T White. Brooklyn, asked for 5000 at o2lo, and
Lafayete Fire Insurance C! Company asked for
Rslston & Bass asked for 100000 at 1861, 10000
l05 Sp,vO at lU1. 10, dl lVo'0o s4V'"V
Ijm9n Brothers asked for 100000 at l04125.
Stewart & Paddock and Consolidated Trust asked
for 5000 600 0i.9557 $4,000 at lOi9i5 SlVDVN at
lO qiel 800 OOO at 105071 and 100000 at 1O4S39 49,
United States Mortgage and Trust bid Tor slWpW
terest: Due November l. 1916 1o4 02 due November l.
l9S lOi 81: due November /. 1921, 105 Il.
Nermilye & Co, In conjunction with kuhn, Loeo
& Co. offered 1892 accrued interest for the entire
issue. certified check for s2l2941O3 was enclosed
by the bidders. - .,,
The proceeds OF the sale will be used as follows:
$4,000 additional water stock OF the city OF
New-York" principal payable October J. 1916: 5000
sanitary Improvement schoolhouse bonds, princi-
pal payabe November /. 1916 $4,000 for the pur-
Street Cleaning principal payable November ], 1885,
I'O abe Tovember SnoI" lsls S 100000 for acqurns
land required for the bridge over the Harlem
10. principal payable November /: 1918: $4,000
for new buildings. etc. for the Department OF
Public Charities. principal payable November ]. 1918:
s25OcOO for buildings. ec for the Department. OF
100000 for repaying streets and avenues. prin-
cpal payable November l. 1915 100000 for laying
water-mains. principal payable November l. 1915
10000 Police Department bonds. principal payable
November !, 1915 &i9oSG 50 Street and Park Opening
Fund stock. principal payable November !. 1918:
sSe 80 oS for redemption OF bonds issued for
the payment of awards etc. In the Fort Washing
ton Park proceeding. principal payable November l.
1915 $3.50 431 90 for the redemption OF revenue bonds
issued for the payment OF judgments for the awards
house for the Appellate Division OF the supreme
Court. PRINCIPAL payable November l. 1918; 100000
dock bonds" principal payable November l. 1927.
The last big bond sale took place year ago, when
The premium he obtained reduced the interest to
about 800.