Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-08-11
Norfolk Thirty Year Fours Bring
q Handsome Premium.
BIDS ENTERED BY 10 FIRMS.
Successful bidders Were Rudolph, Txlcy-
boltc ~ Co.. of Cincinnati. who Gave
Premium of s5.,iT For Entire ISSUE of
se7O,ooo Six Per Cent. Bonds To he
Redeemed Bids opened al Noon Yes
terday in City rrensurer's once.

NorfollZ city 4 per cent. bonds sold
at higher premium yesterday than
ever before in the history OF the city.
In fact the city has only in the past
few years been able to sell bonds
bearing only per cent, whereas. now.
BONDS OF this description to mature at
The end or thirty years are sold ut q
handsome premium.
The $2'0,oC0 fours sold yesterday
brought S2ao,'l1, or = premium of 5,I1I.
which is equal TO Sl.c2l.lTi Consider
ing the rate of interest in the past and
the selling qualities OF the BONDS of
the city. this transaction on the part
OF the city's financial agents-the gen
tlemen of the Finance COMMITTEES of
the Councils-tels tale of wonderful
material prosperity for the metropolis
of Virginia. and the coming metropolis
OF the South.
MANY WANTED TO BUY.
Another sign of this material pros
perity was the large number OF capt
talists clamoring for the bonds which
the city offered for sale. Mr.. Beaman
the chairman of the Finance Commit
tee, ana the other members of that
committee, smiled with compliment
satisfaction rs they watched the swarm
of capitalists and their agents at tic
meeting mt noon yesterday in the CITY
Treasurcl's Office where the bids for
of note was that 5000, O00 worth of the
bonds were issued for the purpose of
redeeming bonds hearing per cent.
interest, which mature September list.
The successful bidders were Rudolph
Kleybolte u Co. of Cincinnati There
were two Norfolk bidderS-AIr. Z. w
shelton ana the firm of Nottu. dc Witt
&; Co. Tho bids were all at par and
stated premium. They were as fol-
lows:
=,
p. S. Briggs & Co, Cincinnati, S270-
600: premium. Si,I50.
y. w. Harris &. Co, New York $27O-
600; 1G07S,.
land. o.. $97O000: premium, $3.50
Rudolph, Klcyho'tc & Co, Cincinnati.
$2fC,OeO, premium, $5.1li.
Seasongood 6: Meycr, Cincinnati.
$970, GOO; premium, S4.o00
II. y. orrlck. Baltimore. $27O,OOo
II. c. Roche. Baltimore $1,000. 1926.
T. w. shelton Norfolk. $2so,OoO;
y: r.. Todd 4 Co., of New York,
a. $ Leland y Co. of New York.
S2T00G0; l0l.S75.
i'arson, Leach x Co. of Chicago.
S270000; premium, $i,O77.
FEEDER Holyman &. 90, Cincinnati
$4,000; premium. Se,765.
w. j. Hayes & son, $27o coo; prcmi-
UNI $4,000.
Mason, Lewis & Co. Boston, S27o, 900:
1925.
Dennison, Pryor & Co.. Cleveland. o..
$270000 premium, $3.50
New First National Rank, Columbus.
O., $2T00Q0 premium, $4,000.
Thompson. Tcnny & Crawford, New
York, 500 600: $lol $50.
AIottu, dc Witt & Co, Norfolk. $27O,-
900: 101.i7
WHAT THEY WEIRD ISSUED FOR.
The bonds We're issued for the fol-
lowing purposes:
For the purchase of property
to be used for public school
purposes in Iirambleton
Ward Observation-Disclosures 10000 90
For improving streets and to
tons NEUTRALITY-SUSPICIOUS.. $4,000 90
For the purpose of redccming
bonds maturing September
LIST. 1900 200. 600 90
Total SEQ, 000 60
The hnnls Will he dated September
1st 1900. and are scmi-annual coupon
bonds The purchasers have the privi-
lego of having them registered They
are in denominations of $1,000 and
$500.
The last issue of per cent. bonds.
something over 100000 worth. WAS sold
at q premium OF II of cent. about
third of the premium brought yes
terday.
Nearly all the companies which bid
for the bonds were represented at the
meeting Yesterday by agents.