The evening world., 1914-03-24
s876,0OO BID FOR
S|EGEl'S ASSETS,
WORTH s1,731,34O
Gimbel Offer of $4,000 for
Simpson-C Crawford Co.
Tentatively Accepted.
COURT TO RULE ON IT..
Judge Hough Will Decide To-
Morrow on Disposition
of the Bids. !
COURT TO RULE ON 1T.

Receivers for the siesel properties
in New York wcro disappointed this
afternoon on the opening Of eighteen
bids for various assets owned by the
siesel stores Corporation. Tentative
scceptances Of hide totaliing Ss7e, 900
for property valued At Si,7si,sl0.
Wholesale. were made. and Judge
Hough. In tho United States District
or not these scceptances shall be con-
fir1ned.
Should the bids be confirmed cred.
hors Of the bankrupt stores may ex.
pect an immediate dividend on their
accounts. but the amount OF this divi-
dend cannot be asccrtained now.
Whether or not the depositors In the
bank will be greatly benefited will
DO made known after conference OF
the three receivers tomorrow morn
Ing. when Judge Hough's ruling Will
determine tho cash available for I'm.
mediate Use.
The highest bid received during the
day waa that OF oimbei Brothers for
the merchandise Of tho Simpson
Crawford Company. The Wholesale
cost Of the merchandise was 16si,s40.
The 0imbei bid was $751; 900, which
was tentatively accepted. ~ were
other bids.
The accounts receivable OF the
Simpson. Crawford Company - $685.
2s2.s3-were bid In for ga, 900 by the
O'Neiii. Adams Company. represented
by John Claim. who said that he was
prepared TO turn over his bid TO the
reorganization committee should the
committee 20 desire. >
LESS THAN hALF VALUE FoA
t%rH orRGer STORE. I.
The merchandise OF the Fourteenth
Street store. worth e>os,7is. was bid
In for )i70,S0i by steinfsld = Co. but
tho bid was neither accepted nor re-.
jected.
The bid Of $4,000 for the assets Of
tho Merchants Express Company.
made by e. d. 4 j.. d. Stein. was
accepted. For the fixtures OF Simp.
SON Crawford Company u bid Of ti5,-
500 was made by Van Praag 4 CO..
and the bid neither accepted nor re-
jectsd. Tho fixtures Of the Fourteenth
street Store will 70 to Joseph
Fsldstein for S?7.50O II his bid Is &C
csptsd.
william l.. Gibney bid 5000 for
tho accounts receivable Of the Four
tenth Street Store. amounting 70
S7As3s.<0. but his bid was rejected.
The announcement was made thai
bid had bon made by the Siege
Stores Corporation for all the assist,
Of the simpson Crawford COmpan,
and the Merchants Express Company
but the amount Of the bid was no.
revealed. II 10 Understood to hav,
been made conditional upon certaii
Agreements between the creditors. an,
90 have turned on = percentage. basis
|
will be submitted to Judge Hough.
The bids were opened by Judg
George c. Holt. Special Master 1
Bankruptcy. and read by attorney
for John q. sheppard and William
Marble. receivers for tho stores. Fs'
Of tho depositors we're present an
.. no excitsmsnt prevailed.
II Judge Housh ordared this ate
noon that the amounts Of their Dc
. posits for that day should be returne
! to all depositors who put money 4
the SieGel bank on Dec. 20.
CHICAGO. March 2>-Frank Va
=, gel. partner with Henry SieEel. sal
to- day he expected to go to Now Yor
!, In time To appear in the Federal Coul
! on Monday. Vogel has been III. b,
d his counsel and physicians say h
. would be able to travel by the end ,