The Montgomery advertiser., 1906-03-16
Secures About S300,00O
 Premium on Issue. GOES TO A SYNDICATE
But Small Bidders Are Awarded
 About $346.00O.
Montgomery, Birmingham and New York Bankers, Secure s7,0ye,eoo of the Four Per Cent securi-
 ties at 1o4.Is4.

Eomery and Birmingham banks was the successful bidder for the entire issue of renewal bonds of the State of Alabama with the exception of $346,o0o which went to small bidders. whose offers were better than those of the sydicate. This was the announcement made last night by Governor Jelks, bids for the bonds having been opened yesterday at noon.
 The bid of the syndicate. which is composed of the First National Bank of Montgomery, Ladenburg Thalman S Co. of New York. William Solomon & Co, of New York. The First National Bank of Birmingham. the Peoples Saw ings Bank and Trust Co. of Birining- ham, and Otto Marx & Co, of Birming- ham, on the entire issue of s7,s47.eO0 bonds drawing interest at per cent was 104.1s4 From this the state will receive about ssoo.oOo premium on the bonds.
 The condition of the money market is largely responsible for the fact that the bonds did not bring even better price. Money has not been so high in the East for many years and the gov ernor considers that under the circum- stances the price paid for the bonds by the syndicate Is as high as the money market warrants.
 About s34s.000 went to the smaller bidders whose offers were higher than that of the syndicate Some few ef these small bids were on three and q half per cent bonds but the great ma 1ority of bids were for the four per cent class.
 The bids were opened in the office Of the governor at noon. There was notable gathering of nnancters in the capitol building yesterday when the seals on the bids were broken. There were & H. Marsh, of New York. otto Marx. Henry E. Gray, VI e.. c. aardins, 1,'dn 'urer J. Craig smith, c. c, Abercromble IL R Shorter, L. B. Farley and w. Strassburger, of Montgomery, John p. Burnett Evergreen C. F. Hoover and P W. Chapman, Chicago, A. J. Spence, Atlanta, and Julien Refs, Cfncinnati. The bids were opened by the Chief Executive and listed by his private sec retaryeIon J. Kirk Jackson. Governor Jelks then invited the bidders to re- turn to his ofice at { o'clock when he would announce his decision.
 The Governor, however, was not ready at that time. He held repeated conferences with the bidders and at 6 o'clock again dismissed them. asking that they return at o'clock. At o'clock he announced that the great bulk of the bonds would be awarded the syndicate.
 List of the Bidders.
 The bids were as follows:
 Jefferson County Savings Bank, Bir- mingham. Ala, $ioo,ooO, per cent, 101.
 Ala, $25.0oO. 4 per cent, 1o6.
 I. Well. Montgomery, $50,00o, 4 per wei. Montgomery. s1O,ooo. 4 per I. Wei. Montgoemry. s25,OOO. per cent. 104.5.
 I. Well, Montgomery. sl5,OOO. per rent, 104 3-4.
 First National Bank of Montgomery. Ladenburg, Thalman &NCo., William Solomon & Co, the First National Bank of Birmingham, Peoples Savings Bank and Trust Company of Birmingham and Otto Marx & Co, If Birmingham, ST. 427.sOO. 4 per cent. lo4.1S4' ($So1OOO premium.)
 seasongood & Mayer, Cincinnati, $1,- 100000, per cent, $1.os6,s16.50.
 Harris & Co.,, Chicago (whole issue), S7.437,600, 4 per cent, $766S, ,165.o0.
 Title Guarantee Loan and Trust Com Danyt SoU.UVOs 4 per cent, iVf.
 J. F. Mclaughlin, Birmingham, s2o,- 900, 4 per cent, 104.
 Mutual Life. New York, $500,OO0. 1 per cent. par.
 John D. Burnett. Evergreen, $17,OOO, S1-2 per cent., 1.01.
 Read & Co. New York. (whole issue) 1 per cent, 102.56.
 State of Florida, $6O,OOO, S1-2 per J. B. Whitfield. s25.OoO, 4 per cent. Factors & Traders Mutual Insurance and stonewall, Mobile, $192,oOO. l.: p Lee Sanders. Demopolis. (no check
 William Palmer. Ackersvile. one s1 .OOO and one $500, { per cent. 105.
 T. c. Culverhouse, Birmingham, $15,. GOO, per cent, 10S; 31-2 per cent.
 IN Mrs. HH L. c. Newton. s2.OOO, s1-2 pei
 W. M Newton. s2.OOO, per cent, al par.
 The bids were awarded as follows:
 Traders National Bank, Birmingham R25.00O. per cent, l05.
 I. Well. Montgomery. $10'000, four pei
 T. well. $25.oOO, four percent, 1O4.5
 Well, Montgomery, $15,OOo. four pe cent. 104 3-4.
 Syndicate, $7,076,60o ..
 Holm D. Burnett, Evergreen, $l7,OOO three and one-hslf per cent, 101.
 State of Florida, $6o,ooc three ana one-half percent, at par.
 Factors and Traders Mutual lnsu rance and Stonewall $192,OOO' thre and one-half percent, 102.
 William Palmer, Ackervilfe. one $l ooo and one st, 10000. four percent, 105.
 c. Culverhouse, Birmingham, SIS, oo0 and one 5000, four per cent, lOS half per cent, l0l.6o. .- was an effort made by the syndicat to capture the entire issue of S7,s47,6O at inc expense of the smaller bidders The governor however, decided to giv the little bidders a show Tor thel money and whenever the price was good or better than that of the syn 5icate they were given the bonds.
 Ths hondH are for the purpose of re