New-York tribune., 1907-09-11
BONDS SOLD FIVE TIMES
BIDS FOR S2O7, ,159, ,42O.
Offers from Par to 11O-Abraham
White Wants Entire Issue.


bonds was five times subscribed. the total Of the
bids at par or better reaching 500. .159. .420.
Controller Metz estimates that the bonds
brought premium OF about 81 on the 500. SELL
ing at an average Of about 1O2. or a little
above.
Eight hundred and eighty-six bids were turned
in. some Of them coming from Europe through
local bond houses. The clerks in the Controllers
office worked until $40 O'Clock opening the bids
and until midnight last night tabulating them
and making entries of the certified checks The
complete tabuation will not be made up until
to-day The Controllers office was thronged
with representatives Of the bond buyers all the
afternoon.
Abraham White. head of the Abraham White
Bond Company. of No. ~ Broadway. created a
sensation by putting in bid for the entire issue
at prices which warrant the prediction that he
will obtain between S1T.OOOOOO and S20OcOO0O
of the bonds. Without disrespect to Mr.. White.
1t is a fact that the Controller has suspicion
that his bid may be stage" bid. and Mr.
Metz is acting with caution with reference TO it
On S11 100000 worth Mr.. White bid 1O2.59 His
offer on the S5OO0.OOO Of assessment bonds was
1OO35. The other bids ranged from 1O05311 to
1O255
Mr. White is the man who. IN the Cleveland
administration in the early COS, put IN the
famous postage stamp" bid for several mill
ions Of government bonds He had no money at
the time but it is said got Russell Sage TO help
him through with his first payment on the
bonds. clearing up profit Of S15OOOO
w c. Butler OF the Bond company. said that
the Abraham White Company Incorporated
ten years ago 10 deal in government and n1unict-
pal bonds and that Mr. White. the president OF
the company. had been successful bidder on
government and municipal bond issues Of the
past.
OTHER WHITE BIDS
Among the issues, Mr.. Butler said. were the
| United States government bonds OF 1893.
large block of which awarded 70 Mr. Write.
and the Boston subway bonds. Brooklyn
subway city water and New York City bonds
When Mr.. Butler was asked about the
| 100000 certified check drawn on the Greater
New York Security Company, he refused TO
discuss il. Mr.. Butler also denied that Mr.
White was in contempt OF any court or that
Mr.. White was trying 10 evade the United
States deputy rnarshals. was published IN
some Of the papers Mr. White is forty-three
years old and Is living with his family at West
End. New Jersey.
Mr. White yesterday sent with his bid GER
titled check for $4,000. dated September 10.
1907 on the Greater New York Security Com
pary of No 70 Broadway The address OF the
company was typewriter on the face OF the
check. which was signed by the Abraham White
Bond Company, and by Mr. White himself as
president.
/ Controller Metz, who got IN on the Kronpr1nz-
I essin Cecille just IN time TO be hurried up the
bay on the steam yacht Laverock to his Office
before the hour set for the opening OF the bids.
( whistIed as he looked at the check and saw
( its purpOrt. The check was certified by R. H
Robbins. treasurer Of the security company.
'T won't know whether Mr.. Whites check viii
T be honored until tomorrow morning" said the
Controller Mr. White was in here twice this
afternoon, and he seems to know what he IS
about He stands 10 obtain very large block
Of the bonds-perhaps as much as SIi'Wp.OVV
Of them. Wen know about 1t Immediately after
the openfng OF business tomorrow SHAH put
The check in the National City Bank. and II Vill
No. take many minutes 10 learn whether there
e SsnDOOO on hand 10 meet It am compelled
70 assume that the check is o. K until kne'"
70 the contrary. although I never heard OF the
creator New York Security Company until to
day
MORGAN OFFER Low
The Morgan syndicate bid was put IN
,,,. ., g. doubtful II the syndicate gets any 81
tra bonds as the bid was low. In fact. the nrst
ti5 o,ansd was the one which came from the
,rorzar Offices 1t proved TO be JOINT oIu "
IL p Morgan & Co. the NationaI Clty ooiiH'
-. r-,-s. National Bank and Harvey FISK 3
sone and offered 1OO67T for s35.VcNp Oh l.7
5o-,-ear bonds and 1O0.O6I for s0.oVoo .. 20
10 I-o.- essessrnent bonds. Even IL the Oio @.
the Abraham White Bond Company Is
g. 1,o,,rd seem that the Morgan bid IS TOO 10" 10
-, co,sfdarabIe amount of the bonds
-rt 1ocar insurance companies made Iarse OA
Co. FOR blocks of the bonds. and the EqulCAOio
,~ohab,1, will get S2,5OOOO0 at lO-Ol-
r,o,,td 2 Hill Of Albany. bid FOR sIVVOV "a
the assessment bonds at 1ol
r,o-,,s F4eaIv. Of IIornell. who nearly always
-. citv bonds offered Alb for SJoOoo Ihe
highest bidder seems to have been JESSE
sa,,or- of No. COS Ninth avenue. VINO Do AIo
for $1,000 -,
C7arIss A smith, of LewisburS, Penn DID
,o1N for s1OOOOO0O but he forgot 70 inclose
-.tsoa .+act He seems 10 want the bonds.
,,-sr ss he requests that II his bid is high
arousb 70 be attractive he be allowed time 10
come nv train 10 New York and take his bonds
Sarah A. Stout. of Atlantic City. sent IN a
bid that caused rude men to chuckle-
please sell me $4,000 worth OF the bonds"
said Sarah 'at the cheapest price that the city
will sell them for" A good sized check was in
closed. and IT is altogether likely that saran
will get her bonds
SAGE ESTATE MAKES OFFER
The Russell Sage estate offered from 1923
10 1Oo 10 for 100000 Of the bonds. and doubt
less will get block.
Harvey W. Wiley. proprietor Of the poison
squad" In the chemical bureau of the AgricUl-
tural Department at Washington. bid 1O2 for
5000 and probably will get some of the bonds.
Some of the bids follows:
6o1ss a6o do 4, Io sl 81 ooeoo az loo ss *
@ at l9 90 S6o Ge e. 10 i9l iS 81 81 :, 600
az @ iV a. 90 of 81 81 10000 at ioI So at ioe o.