The Hawaiian gazette., 1911-08-01

!. cent bonds have been oversub-
X scribed six times or more.
X
0** X X x + y X X X 4 X *O
There we're smiles all over the capitol
Yesterday. over in the board of health
building, also in the belt road commits
sion offices and, in fact, all over town,
even in the gloomy quarters where the
supervisors meet, at the news that the
territorial bond issue had been sub
scribed six or seven times over.
For the issue of $1,5O0,0O0 there
were bids aggregating no less than So
10000, and some of the biggest banks,
financial houses and insurance COM
panies in the United States were anx-
ious to take the whole issue. All the
bidders save two offered premiums:
Never in the history of Hawaiian bond
issues has there been better demand
at good premium for territorial seeu-
rites and the smiles were justified. The
bond ;ssue has proved great adver-
tisement for Hawaii and has shown
that its credit stands very high.
Big Interests Bid
That big interests wished to secure
the whole issue of bonds as frst-class
eecurities is shown by the list of those
who made their bids at the Offices OF
the United States Mortgage & Trust
Company. 55 Cedar street, New York
This list, as eabled to the Governor yes
terday morning by Treasurer Conkling
is as follows:
Easterbrook & Co., Boston, $4,000
at 1O3.75 to 104.75; Breed & Harrison
elO0 900, at 102.27; Payne & Co. an6
Hasensall & Co., 81 100000, at 1918
Turnure & Co. Syndicate, $1,5O0,000, a
l01. 80; National City Bank, $l,500,00O
at 1O0.59; Bache & Co., 100000, a
IOO.25; Equitable Life, $1,5O0,00 a
10000: G.. F. Lee, $25O,000 at 99.75
Read & Co., 81 100000, at 99.1462, aver
age.
Rockefeller's Bank Tenders.
This makes a total of $S925,0 900 BIZ
in New York. In addition there wer
two bids fled at the Treasurer IS ofic
in the capitol here, namely, Mrs. Set
tie, $1,000 at 101, and the Bank OF Ha
waii, S25O,000 at 100000, bringin
the grand total up to $9,176,0OO.
1t will be observed that among tn
financial institutions which wished
obtain the bonds in full are the NJ
tional City Bank of New York, job
ID. Rockefeller's Is bank, which alway
knows a good thing when it sees /
The famous Equitable Life InsuranC
Company, which ever since Hyde sol
out has shown a disposition to inveI
some of its surplus funds on the Paeif
Coast, bid for the entire issue at pa
while Bache & Co., one of the biggeI
financial houses of New York, desire
to take a round million and offered
premium only little below that o
fered by Rockefeller's bank.
When important and world-knov
houses like some of those mentiont
consider that the Territory's securiti
are so desirable that they bid premium
to get them there is certainly ever
reason for the Governor to feel guC
along with the rest of the people.
Governor Congratulated.
That the Governor was immense
pleased was amply shown by him "
terday. He even attended little jol
feation by going over to the board
health building and from there witne
ing the burning of the old morgue.
and +. A. MottSmith, president of
board of health, chattered Cheerful
y about the bond issue while the fan
laid the ghosts which have been hau
ing the mOrgue many year.
awe have received good many c'
RFatulations on the success of the bo
issue" remarked the Governor, g a =
cess in regard to which we are
attempting TO conceal our pleasure.
are glad to get the bonds out so
peditiOusly so that public works n
hThe bonds win probably be deliy
ed about the middle OF August, pr
ably the thirteenth OF the seventeen
according 10 circumstances, but m
likely the thirteenth"
A ooodly Premium.
The successful bidders are Esterbr
& Co., Boston, $4,000 a. l03.7b
l0l75i Breed Harrison, 100000
1927, and The syndicate composed
Payne A Co aud ilnseusall a Co.,
bid fOT the whole issue ai l0las
small bids mentioned will be allQi
Ia fuil while tha ayndicalt viii get
a25lO00 Kprih ~ bonds,
Governor ffeaf hRufrd nni that
slpA4nm Iffrlbna Hlll De a-siiis,
average selling prier ~ he h0ndI
I0lbhah, Hblrl maknH thr heiual
~ inifffff n0fh nlf IA 8pHni pes
ofR l|tilf Ices fhau : Hpa at 100.
Willie ihr nhnle ltauf NHf over
Henhfa hfinfru sls 900 afffl lme.
esslf4H hnd lefal nnaHfift d
Hfany fHf iiWeH pfsllaa pa paI
HiGff Naf
NJ q Eies1Y pi1as'a ga onlY
asNlF ~ lHHh tHff HaHf IN
Hsfi Hsaff fal nW iie ismfHa 4
fHf N4fa faI ileH alIa ilH Haff