New-York tribune., 1918-03-13
2o,ooo,ooo City
Notes Are Sold On
4.79 Per Cent Bas;.
Guaranty Trust Awarded
Entire Offering in Face
of Heavy Bidding

"o amy trust Company, bid.
ding 4.79 per cent for all or non. :,
the short term securities offered :.
public sale yesterday by Char,e, ~
Craig, City Controller, got the sr.;. :
issue. The offering consisted Of s,a
100000 corporate stock notes -
deem outstanding notes, and ssooo oa.
revenue bills issued in anticipation :.
taxes. The former mature on Jun. o.
and the latter on July 8. Both ;s,,..
are dated March ~.
Bids were received from thirtv..,.
banking institutions, bond firms ,,s
corporations, with the total amount ~
the bids reaching s1l1,6SO,OOo.
The last important financing don. !.
the city was the sale to J. P. Moro,s
& Co. of s20,oO0,ooO of revenus Mn, u'
about month ago. This issue v..
awarded on a 4.31 per cent intero..
basis for s1o,ooO,ooO and 432 Der .s,. t
for the other half. The higher r,,.
which will have to be paid on II.
latest issue was attributed by Con.
troller Craig to the proximity Of n.
next Liberty Loan.
Rate Considered Low
In financial circles the interest h..,,
on which the city's notes were so,d
was considered low, in view Of ths
tight position of the money market
Attention was called to the fact that
the city is paying not much more than
one-quarter of l per cent in excess 0.
the rate of Az per cent being paid hv
the United States government on its
current issues of Treasury certificate,
of indebtedness.
In addition to the Guaranty Tru,,
Company, another "all or none" bid
was received from Salomon Brothers
& Hutzler on 4.86 per cent interes.
basis. j. P. Morgan & Co. bid for al
or any part of the issue on 492 Der
cent basis. Other important bids and
the interest basis were received from
the following:
White, Weld e. Co., either maturity
100000 at Ala per cent, s5000OO at
4.84 per cent, Isl 100000 at 4.94 per
cent and $1,OOO,0OO at per cent for
all or any part of either in notes or
bills, or in combination of both.
Blake Bros. e. Co., 100000 at 497
per cent, 100000 at sos per cent
COO0
5.15 per cent and 100000 at 522 per
cent.
Barr & Schmeltzler notes, 100000 st
4.S5oo; 100000 at 4.91go; 100000 at
4.97G5; 100000 at 5.0Seo; 100000 at
5000; 100000 at 5.159e; 100000
at 5.219e; 100000 at 5.27To; $780,.
600 at $500, and 100000 at
$50. For revenue bills, s10oOa
at 4.75%; 100000 at 4.S5T6; 100000
at 4.91lo; 100000 at s4979o; 100000
at 5.03qc; 100000 at 5000; 100000
at $3.50; $4,000 at 5.21ee; 100000 at
5.27ao and 100000 at 5.33Ts.
Central Trust Company-Notes,
100000 at 4.S5 per cent, s400000 at
497 per cent, 100000 at 400 per cent,
S4500O0 at 1925 per cent, s45O,O0O at
4.95 per cent, s450,000 at 4975 per cent
and $450000 at 5 per cent; revenue
bills, 100000 at 4.90 per cent, 100000
at 4.9225 per cent, 100000 at 495 per
cent, 100000 at 4975 per cent, $780,
600 at per cent.
Bernhard, Scholle & Co.-$1 100000
either maturity, at $50 per cent; ST.
100000, either maturity, at 535 per
cent; S1,0OO,0O0 at Sal per cent; ST..
100000 at 5.44 per cent, and Sl,00o,OOo
at SAT per cent
Chase National Bank-$2, 5Oo9VV,
notes, at 4.87 per cent, and $2,5OoOO,
bills, at 496 per cent.
Equitable Trust Company-sl,0W,.
900, notes, at 400 per cent; $1,OOOSw
at 5 per cent.
Farmers Loan and Trust Company
$1,OO0.000, bills. at 490 per cent.
100000. each at 4.74 per cent, 4.s7 Per
cent, 4.99 per cent, 504 per cent sV5
per cent, and bills, each s2Oo,ooV az
4.S7 per cent, 4.99 per cent, QUA per
cent, 500 per cent. 514 per cent
Mechanics and Metals National bans
-$500,00O at 4.70 per cent, S5OO,ooO
4.s5 per cent. ,.,,.
Liberty National Bank, s50ooOo, bus
at 4.99 per cent, and S500,OOO, notes. d.
4.99 per cent. .,.
Brown Bros. e. Co., notes, s25oow
at per cent; s250,oO0 at sos per eels ass
s25O,O0O at $40 per cent and s2'VV~
at SIS per cent. .o.s
New York Savings Bank, s5OV'V~
either maturity, at per cent. IN
Kuhn, Loeb G. Co., s1OO0O0o, iof sa ~
or any part of either maturity, at a."
per cent.