The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-16
COUPON CLIPPERS
LIKE OUR BONDS
Good Prices Paid for Both
Issues.
WHILE THE CITY IMPROVE
.AIENT BONDS WENT AT 1924.
AWARD OF TIE LATTER WAS NOT MADE
As the Highest Bidder Failed 10 Deposit a
Guarantee. Cleveland Firm Gets The
township Issue.

This is certainly true Of the bonds
that have been sold in this city-State.
county, township and city.
Since the Legislature adjourned there
have been four bend sales mere, a ioi-
lows:
State bonds to pay off indebtedness
Of the penitentiary, $4,000. i per cent,
80 years. Sold to Wachovia Loan ana
Trust Company. Winston, for 1o9.2Io
or for S120.2O2.5O.
County bonds, to build bridges. 5000,
6 per cent, 80 years. Sold to Grimes
and Nass, of Raleigh. for I'LL and IN
terest or for S9,9OS.S0.
City bonds. for street improvements.
100000 4 per cent. 30 years. Award
of tine bonds to be made Monday. Inc
highest hid is 109.24
Township bonds. for school purposes,
$4,000. ) per cent. so years. Sold 70
Dennison, Pryor 4 Co, Cleveland, Ohio
for 116.271 and interest or for sos
1870.
The bids for the two last-named issues
We're opened yesterday. and the prices
We're much beyond what the city and
CpuHtt IistU even Holtsu Iol.
The township school bonds were open
ed in the county freasnrer's office. inn
meaiately aster the opening Of the city
bonds. The school committee. the county
treasurer, number of the bidders and
several citizens We're present. Mr.. q.
Rosenthal. chairman of the School Board
opened and read the bids.
There were exactly dozen of them
all but two from Northern and Western
bond dealers and all for the entire Is
sue. They ranged from 10S.15 to 1868.
The successful bidder was only So4.23
ahead of the next highest man. Both
are Cleveland, Ohio. firms. Lamprecht
Bros Co, We're the successful bidders
at 1858 or $TS. 1870 and accrued inter-
est, while Dennison, Pryor and Com
pany bid 11G.271 or S5S. 1870 and ac-
crued interest.
The bids in the order in which they
were opened We're as follows:
Raleigh Rank, of aRaleiglL Lille fiat.
for the entire issue.
Rudolph Kleybolte and Company. Gin
cinnat, 1883 and accrued interest for
entire issue.
Thompson Bros. Baltimore, 1O4 and
accrued interest for entire issue.
Seasongood and Mayer, Cincinnati,
1925 and accrued interest for entire
issue.
". J. Hayes and Sons. Cleveland, O.,
113 fiat for entire issue
Citizens National Bank, Raleigh 111;I
fiat for whole issue.
Mason. Lewis and Company, of Bos-
ton. 11Jlh and accrued interest for whole
issue.
Dennison,s Pryor and Company, Cleve-
land. O.. 116271 and accrued interest
for the whole issue.
T.. T.. Fulton and Company, Chicago.
113.CS2 and accrued interest for the
whole issue.
Dewitt. Tremble and Company; Chica-
60 and Hanbleton and Company, Bal
timore, 1876 for the entire issue.
Briggs, Todd and Company, cincin-
natl, 1882 and accrued interest for the
whole issue.
Lamprecht Bros. Co. Cleveland. o..
1163S and accrued interest for the en-
tire issue.
Two bids were made on per cent
bonds, as follows:
Dennison, Pryor and Company, cleve-
land, Ohio. 1887 and accrued inter
est for whole issue.
Iamprecht Bros. Co. Cleveland, O..
1875 and accrued interest for entire
issue.
Bids for the 100000 of city street
Improvement bonds We're opened ut
noon, in fhe directors room Of the Citi
Gems National Bank, by Mr.. Joseph G.
Brown. president of the bank and treas
Iirer of the city.
Mayor Powell, City Clerk Smith,
members Of the Finance committee of
the board Of aldermen and several of
the bidders were present. The first bid
opened was the highest. being 1924.
The lowest bid was 99O35.
No award has yet been made of the
bonds, as no guarantee deposit has been
made by the highest bidders, s. +. Gas
cologne. Wall Street. New York He
has. however, been telegraphed TO and
will probably arrange the matter by TO-
morrow at , o'ciqk when the award OF
the bonds will be made. Ii Gascoigne
does not put up the forfeit the bonds
will be awarded to Dennison. Kleybolte
4 Co. the next highest bidders
OF the eighteen bids only one was
from this State. and that for $1,000.
All the bids except two were for tin.
whole issue. The bids were as fol
lows:
s. f. Gascoigne. New York, 1924 fiat
for the entire issue.
First National Bank Of Youngstown.
Ohio, 100 and accumulated interest for
entire issue.
Rosenberger and Livermore New
York, 102 and interest for entire issue.
II. B. Wilcox, of Equitable National
Bank, Baltimore, 1879 and accrued
interest.
chas. III. Coffin Chicago. 1OO25 fiat
Rudolph Kleybolte, of Cincinnati
1Oo.433 and accrued interest.
Cyrus Pearce, PHILADELPHIA 1O1 .WI
and accrued interest for $4,000.
III. NJ. Holleman, of Boston, for SSS,.
600 for S99,035
G. II. White & Co. New York, 1O1 OF
and accumulated interest.
Seasongood and Mayer. Cincinnati
Ohio, 1O1.6S1 and accrued interest.