Show BONDS GO LK LIKE HOT CUES CAKES quoted as high as in in new york SOLD IN TWENTY MINUTES I 1 I 1 american subscriptions closed in short order subscribed twenty times over in london although tho the books were opert opan on only y two hours shows confidence dence in tho the strength ot of the country treasury tickled new york feb 20 it took J pierrepont morgan for himself find and august Del dellion nion ont t just twenty minutes today to day to resolve and cl close ose bids for new 4 per pent cent bonds tile syndicate will dispose 0 of the bulk of 0 4 tiie he loan abroad in the interest of their a agreement gre ement v walh ith I 1 the G government 0 o erime rit to maintain the lite gou reserve one hundred md and eighteen u vid tor for the now bonds I 1 in it this mat maikel ket WENT LIKE HOT CAKES london rob fb F b SO 10 IN M son sell say this afternoon that thai the lie now american loan call has bas proved it a co orsil 1 av I 1 ess the abou amou amount nl allotted to europe has been covered twenty times over the pall mall gazette says the success ot of the loan 19 a L mark ot of confidence fide rioe in ili the great wealth anti and linen cani vit abilAy of alir tho united f tho the gazette gazelle alio algo says mys editorially now tar far the man in the street Is contributing to the uces duces uc es of the issue or how far this initial success will be due to the power of 0 haute finance it la Is impossible to say the former atas has been warned by the more conservative of his advisers to leave the bonds alone he cannot have his eyes opened too videly to the fact that the interest of 0 tho the bonds must be paid and that the lands bonds themselves are liable to be repaid thirty years hence not in gold cold but in silver or nickel or other coin of the united states no one could blame the united state if t finding themselves i under financial pressure they preferred to make the bond payments in coin other than gold a for which they paid darly anil and with much discontent this consideration will always hang like a pall over these theme bonds and render ahe inventor who cannot afford the risk doubtful the great success of tho the loan therefore ft all the more a triumph for thona it and for the ca edit of the united states the th daily news in its financial a article artiel 14 el a this morning says the one nind and arlyen only event in yesterday was the aw lwe ue of oe the american loan lean we have leaon to believe tho the loan dan loa da n wita covered nearly fifteen times considering the huge number of the temporary lock up tip of t over ever it Is in not that money ties nas been so scarce one per cent ams waa freely paid md for short loans Wednes wednesday dy morning and the charite charge settled down to abbout in ili the afternoon thele was as a good do demand nand throughout the he dav the dally graphic says there Is nothing surprising in the success of 0 the loan such Is not offered every day especially by a bar borrower whose ultimate so solvency holleY raises no I 1 ise jg Ivings even should di art arise in the future TICKLED AT THE TREASURY washington feb 20 the treasury official hwd heard today to day ith satis of the success s of the lite late bond issue they are especially pl liedwith with the favor with ehn li tile the loin I 1 waa v as received in london RS as it shows T enot r 0 L conclusively faith abroad in our fl elnan n a n caal strength and to pay all obligations ligat ions in gold the od nd effect of the hie recent gold Is already shown wn it Is 1 asserted in the upward tendency of american securities in london the officials were also much Krati gratified fied to learn that in view of the fie vor very Y large subscription for the donds bonds in london the tb mown belmont syndicate would consent to K fell 11 only a small email proportion of ocllo he bhole hole in thi this 9 coll country n try it if this plan an was carried out it would reduce the danger of further gold cold withdrawals dra vals to L minimum and kwet qu et the panicky feeling which has prevailed during the last several months turning IN GOLD flo ports received adibe at the treasury dopart department part plim ment how that 2 in boid coin has aheady been turned into the sub treasury on account of the recent kold gold purchase in gold cot coin n was today to day depo deposited sRed in the yub sub tre troa sury bury at new N e w york in t exchange for united states notes anti and it at cucin cincinnati cin nati odthe of the d received on no nc C count of tho the sold puia haic 51 was kvols at new york at philador alila mand and at depository hanks under the terms of 0 the agre agree agreement menn between the bond syndicate still and tile the covern government e ern ment some borne was to have tk be en deposited di with n alth tho the treasury for the tome home account tile the rest of the hie gold bold required to pity pay tor for tin bonds b hav riving gnp to awne a fram alizad that amount of kold gold had been depos dc iteI thi the treasury this morning this afternoon J P morgan loae a deposit ct cf gold eold et agthe the bub treasury talin in exchange the refo imal tenders tills this action wa bly taken to further instill la I 1 a tho ficano financial al stele of the Tt and la Is in lin line nt alth ith the he policy of the ahe to hold the gold reserve at the full limit |