The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-17
PRICE PAID WAS 1913. IS
THE WHOLE ISSUE OF 100000
BRINGS $65, go.
RALEIGH SAVINGS BANK ACLoSE SECOND
Its Bid Was Only $3.50 Under the Bid Of The
Trust Company. When fccrusd ner-
est is Taken into Account The
Price Paid is High,

That North Cardinals credit is still
good, and that nobody has greater faltf
in her than those who know her btsi
was again evidenced yesterday.
The occasion was another sale q
State bonds. These nonds are for The
purchase Of the Catalonia penitent;ars
farms. These farms will cost, i'll round
numbers. $4,000, and to raise this
amount the State Treasurer was orders
to sell 10000 of bonds.
They were duly advertised and yesfer
day at noon the bids were opened IN the
State Treasurer's Office. There We're
ten bids-four in the State and six from
outsiders. All but three of the bids woIs
for the whole issue. The bids ranged
from 104.60 to 10ST5.
The successful bidder was the Nacfo-
via Loan and Trust Company, Of Win
ston. To this company also was awari-
ed the $4,000 of non Is slld on May
% for payment of the penitentla,y dt lis.
For that issue 109.2T5 was paid. Both
issues are for ten years at A per ceat.
The accrued interest on the bonds
($60,000) sold yesterday was $309.04
The interest on the bonds (S110000)
sold in May was $1,T11.6I.
On 100000 of them it was S933.60,
or S624.56 more than the accrued i'll
terest on the bonds sold yesterday. Iris
will make the price obtained for the
bonds yesterday larger than the price
paid for those sold in May.
This is in part due to the fact that
provision is made in the act for pay
merit of the interest on these 'olts;
no such special provision is male in the
thx,. no. ~ hp
penitentiary's indebtedness.
The bids received anu opened yeste:
day by the Treasurer are as follows:
Dennison Prior & Co.. Cleveland.
Ohio, 105.61 and interest or $63, $50 Oh
for the whole issue.
Hiram n Grandin. New York, 104.S5
and interest, or $63, 2i9D4 Cor the whole
issue. g.
Wachovia L5af + and Triist Company,
Winston, 1OS75 fat, or $65,250 for the
whole issue.
G. III. Coffin, Chicago, Ies. and accrued
interest, or $63. 30904 for the whole is
sue.
S. II. Gascoigne, New York. 1876
and accrued interest, or $sS3,u99of for
the whole issue.
d. Y. Cooper, Henderson, 10S.4.5 fiat,
or S10.S42. 80. for $4,000.
A. s. Worth, Buena Vista, Cuba, 1eo
fat, or $525 for $500.
James n. Williamson, Jr., Elon Col
lege, 105 fiat, or 81, 100 for $1,000.
Raleigh Savings Bank. 1870 Hat, Or
$64.500 for the whole issue.
Lamprecht Bros. Co., Cleveland Ohio,
10460 fiat, or S62, 760 for whole issue.
1t win be noted that tha bil If lie
successful bidder, the Wach1vla Loan
and Trust Company Of Winston. Is on,y
$3.50 higher than that Of The .iaxt bid,
der, the Raleigh Savings Bank.
1t will be noted also that Mr.. Gas
coigne. of New York, is among the bid
ders. He is the fellow who bid Sc
wildly on the city bonds and then failed
to put up the premium. He used IL
signing his bid the same rubber stencil
that he used in his bid on city bonds.
The North Carolina bids were uni.
formly higher than those from outside
the State. The outside bids ranged
from 104.61 to 105.60.
The bonds. Treasurer Worth says
will be issued as soon as he can get
them from the American Bank Note
Company.
The price brought by the bonds is
considered very good, by all bankers and
business men.
The number of the bids and ;ha
amount bid show the very great conf
Glance the people of means have II
North Carolina and her credit.
The bonds are for ten years, ( pei
cent interest, payable semi-annually
and are non-taxable. "And the cou.
pons thereon shall be after maturity re-
ceivable in payment of all taxes, debts
dues, licenses, fines and demands cue
the State of North Carolina of III,
kind whatsoever, which shall be express
ed on the face of said coupons