The Brunswick news., 1922-12-13
LOCAL ISSUES
SOLD YESTERDAY
TOTALS S4O0,OO0
City Bonds Sell at $3.43 Above
Par and County
at $3.50.
B. B. & T. CO.. BUYS THE
ENTIRE CITY OFFERING
While the Hibernia Securities
Co., and the First Trust and
Savings Co., Buys the County
Issue. No Contract Let For ST.
Simon Highway.

City of Brunswick and Glynn coun-
ty bonds reached a new high level
in price yesterday when both city and
county sold issues aggregating a to-
tai Of $4OO GOO.
The city issue, consisting of $l75.-
600 for the construction of the st. ST.
mon highway and $4,000 for the ex-
tension of the city sewerage system
was sold to the Brunswick Bank &
Trust company, of this city, for a to-
tai of $232,7175O; $l8l002.5O being
paid for the St. Simon highway is
sue and $51, 1880 for the $4,000
sewerage bonds.
The local bank won in this competi-
tive bidding over six other banking
houses and trust concerns from all
over the country and it is to be con1
gratulated IN thus displaging its deep
faith in the securities of its home
city. It was said last night that the
:. fore many of the other bidders, rep
presenting out of town banks, had left
the city, the Brunswick Bank & Trust
company was offered a substantial
profit for large portion Of their
purchase.
The complete list of bidders in this
sale were as follows, on the St. 81
mon Highway bonds:
Grant & Co, New York. SITS $4,000
Trnct % Of CeOrUin Al
lanta ....-.......-....4... 17917O.25
Citizens & Southern CO.,
Savannah -..,.,.,--,.,...-..-.. 8,73713
. J. a. HiIsman & Co, At
lanta ...,.,........,-..-.......-... 18O,1OOOO
Brunswick Bank & Trust
Company ..............-... 1871, ,002 50
Robinsbn- Humphrey Co"
Atlanta .......-............. 8,7Ol25
Hibernia s. Co & lst T.
Co, .....--...-..-.,...,.-.- l75,47250
On the City Sewerage bonds:
Grant & Company $51,120.O0
Trust Co of Ga, Atlanta 81 1,191 so
Citizens & Southern Co.
Savannah -.................- 50,968 20
]. H. Hillsman & Co., At
Ianta .............................. 5O9O0.OO
Brunswick Bank & Trust
Co. ........-.,.....................a.. 51,715.00
Robinson Humphrey Co.,
Atlanta .--..........-...... 51O57OO
Hibernia Co. & Trust Co.,
Atlanta ..............-.......... 50,l35,O0
In the sale of the county issue of
$4,000 for the St. Simon highway,
the sale was made to the Hibernia
Securities & Trust company and the
First Trust & Savings company, the
highest bidders, whose bid was Sl79,-
l28.00. There were ten bidders in
this class and it will be noted that
the two Atlanta concerns made a
joint and purchased the entire issue.
Those bidding in the county sale and
the amounts Of their bids are as fol-
lows:
Grant & Co., N. Y.-........-~.$176894.00
Trust Co. of Ga, Atlanta $175410.32
Citizens & Southern Co.,
Savannah ..-................... 176,582.77
Hilsman & Co., Atlanta 175,025.00
Brunswic Bank & Trust
Co. .-...,..............-.............o l76,o175O
Hibernia Securities Co. &
First Trust and Savings
Corporation, Atlanta M i79,128.OO
gFtzer-Rorick & Co, To-
ledo. O.. ................. 1855. 20
stacy g. Braun Toledo 73,82750
National City Coz .178,000.00
The sale Of this list Of local securi-
ties at such attractive figures will
certainly be most gratifying to the
people of Brunswick and Glynn coun-
ty. 1t not only speaks fine of the
magnificent financial standing of city
ad county but it indicates a healthy
improvement of the bond and stock
market, which is pretty fair index
Of general business conditions.
It will be noted that the sale Of
the county bonds Yields q total Of
S1O2,S6 or to be accurate 1886 above
par, while those of the city go it a
$500 sf3a - sasssfEs