New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-24
BIDS ON CITY BONDS.
4VER4GE PRICE HIGHER.
Issue or s25. 900, 900 Subscribed fo'
Eight Times Orer.

Controller Grout yesterday afterno'" oPs,'eu 40
bids which had been put in in response 10 ii.s ~
OF s25oo0OOO Of 312 per cent TAX 'NeiP' -
gotta bonds of the city Of New-fork anu "a'
.,,,. .,-stiaea 70 find that the average or the
SO vas substantially higher than mat AT inc
last nrecedng sale Of city honds-an iin'l"' 'i
which is In line with the strength OF me S''
,o,5 market and which reflects the judgment oi
e,a~s ond investors that business confidence
&c rap,dlv being restored an opinion greatly foru
fed BY the recent overwhelming verdict OF aP
prevail OF the Republican national pohc'es.
The average price Of the bids figured out at
I02 Ii represents n net income basis OF ".4V per
cent The issue Of s25eoo.o0o was subscribed tor
more than eight times over. the bids agsresatlng
SOS 269 $40 while the number Of bids was the iars-
est ever received There were awarded to William
Solomon & Co and Lazard Frerss. who bid l'-.40i
FOR all or any part OF the issue. S23SSI150 OF the
bonds The other successful bidders We're:
r 1. Heller. $500 at 1c25o; Nathan d, Prince
500 at 1921; u. schnakenberg. $4,000 at 1879 "
81 600 AZ l02 50: Elizabeth H. Sprague, 5000 AT
If250 Samuel Wilcox. $1,000 AT 1o1 80; James Nc
s2o60 AZ 102 n $3.50 600 at 1925 ana $4,000 lo25l
Hannah Y Leyison, $50 AT lo3S " e. a. M 9S .
and S50co at 103: Moorewood & Co. $59@o at l07:,
and sos 600 at l02 20. Foster & Lounsbery, $500 at
io2 SIS. and Craig ColgNte 100000 at 1929
Some Of the more irnportar. bidders ana the
prices offered by them follow; Shafer Brothers.
50 500 l0L15 10 1926 Ninth National Bank
$4,000 1O %: Hoagland estate $4,000 from 1oi
lG2. estate OF Oliver Bucknar. $4,000 from 1ol
1913: zimmerman Forshay, $4,000. from
J0oSs 01.6s1; Domnick & Dominck, 100000 ct
In2g72; c. II Venner & Co, 100000. at 101 233;
T<nickerbocker Trust Company. $500 90 l0l.7S;
Lawrence Barnum & Co. $200009 1879: Mills &
Co. Soo.Go AZ l0l; James McJioverr & Co. S250Oo0
from lo1 IS TO 1o2O7; National City Bank and Kuhn
Lon & Co. all or none at SOB. for any part
e. l01Ul; Harvey Fisk & Sons. Fisk & Robinson
and Farson. Leach & Co. all or none. at ~, or
for any part at 1017T: J. & ". Selgman &c Co.
Nermilye & Co. and Edward Sweet & Co. ten lots
Of s25ooo0 each from l01.lO I0235; T J Lawrence
& Co, $4,000 al 101: Rhodes & Richmond 800 OCn
from 1920 10 1927; Mechanics National Bank.
100000. from 10ll9 to 1929: Assurance Company
Of New-York 100000 at 1925 to I0l. Kountze
Brothers for the whole amount in $4,000 lots
from iO0.71 1023G; r L Day & Co. 81 100000. in
lots Of 100000 each from 102 % 5000
in 81 100000 lots from 10l.09 TO 1916 Many Of the
bids were from small bidders, who wanted amounts
from $40 up 10 81 $50 or Sl,500
OF The proceeds Of the bond sale SlS5G0000 will
be used Tor various municipal purposes s., 10000
Tor the water supply and $4,000 for the rapid
transit railroad.
The last preceding sale was held on May 5. when
bonds 10 the Of S37 600 coz disposed Of
the largest bond Offering made 10y the city of
New DIRK The average price paid by the sue
cessful bidders a. that sale l0124 II I'M
derstoOd at the time hat more bonds would be
been so well taken by invest ors and the bond
Het has improved materially thai the bankers
Voluntarily assented 10 the new offering Of
81 0g0 Hn