Salt Lake Tribune | 1917-10-30 | Page 2 | Returns on the Sale of Bonds Still Lacking

MS Oil M OP BONOSi ST!LUAGKING Tabulations at a Standstill: and Treasury Officials Await Reports From Reserve Banks. NEW YORK FIGURES CONTINUE TO GROW Subscriptions to the Short-Time Short-Time Certificates of Indebtedness In-debtedness Coming In; Money Half Spent. WASHINGTON". Oct. 2?. liberty loan tabulations were at a standstill at the treasury tonight, awaiting further reports re-ports from the federal reserve banks. On the basi3 of estimates already in band officials are confident that the flood of subscriptions during the closing hours of the campaign Saturday carried the loan well beyond the ?5,000,000,000 mark, but i virtually no figures were received to- day on which to base an accurate estimate esti-mate of the grand total. , The treasury has decided to make no further announcements until November; 1, Thursday, by which time the reserve banks are expected to Jiavte their reports somewhere near final shape. After a day of rest yesterday the banks' officers and employees devoted themselves to tabulating tabu-lating results today and most of them , did not even communicate with Washington. Wash-ington. Thursday is the last day on which subscription sub-scription agencies. including 26,00'" banks, can make their returns to the federal reserve banks. Sale of Certificates. The third day's subscriptions to the government's latest offering of short time certificates of indebtedness of an indefinite amount were ! il-VM 4.000. making mak-ing a total subscription thus far to the Issue of $,"95,241, ouo. The subscription books are still open. These subscriptions bring the total of outstanding certificates of indebtedness, issued as a part of the T-abertV loan financing fi-nancing programme, up to $2, 029, 666, 000, the' largest amount recorded. The entire en-tire sum will have to be retired out of receipts from the second Liberty bond issue. Half the Money Spent. Should subscriptions to the Tiberty loan total ?5, 000, 000,000 the amount of acceptances, ac-ceptances, Secretary McAdoo has announced, an-nounced, would be ?4, 000,000, 000. The present huge total of outstanding: certificates cer-tificates of indebtedness shows that more than half of the $4,000,000.00.0 already has been spent by the government. The three-day total of $395,241,000 subscribed sub-scribed t tho offering of certificates, with one exception, Is the highest yet recorded. re-corded. The exception was the 5400,000,000 issue is-sue offered about six weeks n.go. Indications Indi-cations are that with the fourth day's receipts to the present offering the total to-tal will outstrip all previous records. j