The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-11-26
BONDS SOLD BY
CITY COUNCIL
Eighteen Bids Received for Elec.
trio Light Plant Bond Issue.
WILL BUY NEW OIL ENGINE
Diesel Oil Burning Engine of 2S0 H. p.
Purchased-Will Cut Down Op-
Grating Cost of Plant.

The successful bidders for the mu-
nicipal bonds for the electric plant
were the Northwestern Trust COM
pany of St. Paul, acting through the
First National bank here.
That the bonds of the city were in
great demand by investors is evil
denced by the number of bids re-
ceived, eighteen firms being repre-
sented. The bids were opened We'd
nesday noon, at special meeting of
the council, and it was found that the
best bidders were the Northwestern
Trust company of St. Paul and Wells
Dickey company of Minneapolis. The
First National bank of this city acted
for the Northwestern company in put
ting in the bid.
After going over the various bids,
the council considered the bid of the
Northwestern to be the best and
awarded the sale of the bonds to them.
The Northwestern Trust company Of
St. Paul is one of the largest finan-
cial concerns in the west, closely con-
nected with the First National bank
of st. Paul, and of which the Hills,
James j. and l.. w., are big stock
holders. The action of the council
seems to meet with general salts
faction, as the firm which was sue
cessful is interested in the develop
ment of the city and country, and
the fact that the deal will be handled
largely through local bank makes it
even more desirable.
The various bids were as follows:
Hohobelen, Cummings & Pruden,
Toledo, $1S,521, at 6 per cent.
John Nuween e. Co., Chicago, $751;
558, at 6 per cent.
Hauchett Bond Co., Chicago, bids
$18,817, at per cent; $18,227 al
8 1-2 per cent; $17,733, at 5 per cent
Lumberman Trust Co., Portland
$1S,271.35, at 1-2 per cent.
James N. Wright Co., Chicago, $18,.
1850, at 5 1-2 per cent.
Halsey & Co., Chicago, $1S,378, at
5 1-2 per cent.
A. B. Leach & Co., Chicago, $18,.
705, at 1-2 per cent.
Elston & Clifford Co., Chicago
S18,232, at per cent.
y H. D. Holtz & Co., Chicago, $18,
483, at per cent.
Western Bond Co., Portland, $1S,
O37, at 5 1-2 per cent.
Sidney Spetzer, Toledo, $1s,013, a
5 12 per cent.
Chas. H. Coffin, Chicago, $lS,O91
at 5 IL per cent.
Wells-Dickey, Minneapolis, $18,
I 45O, at 1-2 per cent.
t Northwestern Trust Co., St. Paul
$18,025. at 1-2 per cent, followed b.
later bid of $18,365, at 1-2, or a
per cent and discount of $179 from
par.
Security Trust Co., Toledo, two bids
$13.465, at 6 per cent; $18,01O at l..
per cent.
C. o. holman & Co., St. Paul, $17,
/, 900, at per cent
i Keller Bros, Denver, $18,723. a
D 6 per cent; $18,211, at 1-2 per cent
:, Corster Earles Co., Seattle, $18.
$50, at 6 per cent; $18,135, at S l.
per cent.
The purchase of an oil engine an
unit for the electric light plant wa
then taken up by the council and af
ter hearing the arguments of the rep
; resentatives of three engine manu-
iacturers, the council accepted tn
bid of the Allis- Chalmers Co., to ful
nish a 28O horse power Diesel oil en-
n CINE, switchboard and fuel tank, tn
: price being $17,715. This type of er
l. CINE is a four-cylinder horizont:
IS type engine and was the biggest er
o CINE of the three which were offere
n and will be able to handle the pea
d load of the local light plant witho,
y any trouble, with enough power lei
'e to take care of the future growth. Tt
le Allis-C Chalmers Co. guaranteed
l. make delivery of the outfit here will
d in forty days after the signing I
a the contract. This type of engil
'e is coming into general use in ligl
,e plants all over the country and j
Sc economy of operation and other a.
IS vantages make it best adapted f
n. this work.
w The other engine manufacture
ly who submitted bids were the Sno
d. Co., whose bid was $4,000, to flu