New-York tribune., 1908-11-24
>ru xopr nAuy TR1HrNE TUESDAY NOVEMBER "a 1908
CITY BONDS GO WELL
BRING BETTER THIN 1925.
Speyer 6 Go. May .Get More than
Half of the Offering.

The city's per cent bonds went with rush at
better than 102 Is the bids opened by the
Controller o'clock yesterday. The oherihs
of 81, 10000 oversubscrbed more than twelve
times The last offering was in February, Wheh
s5oc0o,0D0 were Sold at 104 but these carried az
per cent interest and worth as an Investment
considerably more than those offered YESTERDAY
Several of the big bond houses offered 20 take 'iie
entire lot.
The tabulation will not be completed until some
time to-day. 1t is believed that fully one-half OF
the offering will go TO Speyer & Co, VINO DIG loz-9o
for the entire Offering. Controller Metz was JUDI
liant over the success OF the sale.
The result of to-day's sale justifes everything
I have said when have maintained that the city
is not bankrupt and never will be bankrupt" said
Controller Metz. Some Of those muckrakers-l
don't want to mention any names-who have been
coming out with long statements that this admlhls
tration has been extravagant and running ahead OF
the city's resources can now take back seat Inc
sale of corporate stock to-day one of the most
successful that the city has had for many years
past. When We get out the tabulation tomorrow
which viii show the average price at which the
bonds viii be Sold don't expect to hear anything
from those Knockers
The rate of per cent is a return to the rate
in vogue before the financial stringency last year
The sale was of 100000 corporate stock for Varl-
Gus municipal purposes, $4.OOoOOO corporate stock
water $4,000 corporate stock for rapid trahsiI
railroad construction s50OO0 corporate stock for the
New York Public Library, and So00VoO assessment
bonds for street improvements All were hfty-year
bonds except the assessments, which are for ten
years.
All issues between April "a, 1896, and August Il
19O7 inclusive were Of per cent bonds; all prior
81 per cent except the issue of January, I"l Wich
was at ; per cent The September sale and that OF
February Il last were of AZ per cent
Following of the bids:
speyer & Co offered to take all or any part OF
Sl20O0eJO at IG2 296 and all or none OF $zV"VV aI
seiieman & Co bid for s12oo00O0 at 1o1-77-
Fisk & Robinson bid 10l5n for all or any pant
2131 for all or none. -. .-Do o,o
William G. Read & Co. bid 1926 fcr S7V'VoV
and less for $8ooJ,0n. , 40 -
down 10 1Ol.2 for varying alotmentS agsresa'iIs
The Equitable Life offered l625 for $2oo09o
I.azard Freres & Co. bid lO1o0l Tor S-vuV.vV
Eubn. Loeb & Co. offered 101.S1 for all or none
and l60.35 all any part OF the onerng. ng., ooo
Mavben & CO. offered better than l02 Tor Sl,UtlVA
Iadenbure ThaInlann q Co. Tor LudWlS A hOiI-
stan. bid better than 103 for SJOUVs ana proDapiy
Will get all that was bid for. -,..,,
Sutro Bros bid better than N2D Tor Sz@VgVl
er5 The accountants last night thought that this
firm would get a large allotment.
Dudley s. Earde bid for 100000 at prices rang
ing from lG2 20 down to 101-5l0. ...,,
Bond &, Goodwin offered TO bay S,5O04S at
slightly better than 10l %.
The Farmers Loan and Trust Company offered
" Niar7 Solomon & Co. offered 1o1514 for 5000.
coo 102OS4 for 100000, 1W13+ for $s0""" ana
1O2. 26s for a,00e0-
It looked last night as though the following
awards would be made: