The Montgomery advertiser., 1906-07-22
PANAMA BIDS
 SATISFACTORY Z ~-fetary Shaw Ex-
 presses Pleasure. FLORIDA MEN ARE SUCCESSFUL Treasurer Congratulates Bidders on
 Their Patriotism.
 
FLORIDA MEN ARE SUCCESSFUL
Days Win Elapse Before All Awards Can Be Made Owing to Neces- sity of Inquiry Into Bid-
 ders' Finances.

Washington. July 2i.-The Panama Canal bonds for which bids were open ed yesterday will be awarded. among others to the following bidders:
 E T. Holmes. Palatka. Fla, 100; 10S125.
 c. A. Morrison. IT.. JacksonviIie. Fla, 20: 105.
 Fisk and Robinson. New York City. 5.000.000; I04.23.
 Fisk and Robinson. New York City. 5.0o0,oo0; 104.1o
 Treasury officials ascertained today that one bid for s5.00o.0oo at s1os.ss7 had been misplaced. It was found among bids of lower figure. The discovery of this bid will fix the line between the successful and unsuccess- full bidders at about $1o3.s5. This bid is one of several that was filed by Samuel Byerly of New York.
 Fisk and Robinson, New York City, 5,0o0.00o: 103.ss.
 Palmetto National Bank. Columbia. s. C., 100000 at 103.s75.
 Samuel Byeriey, New York City, D. s1s.5so at 1o3.s67.
 The last bid Is for s5.00o.0oo. Should any of the other successful bidders fail to complete their purchases the amount allotted to Mr. Byerley will be in- creased.
 This brings the average of all of the successful bids to above s1o4
 There is no doubt that the prices bid yesterday for the Issue of $3o,0o0, 900 Panama bonds were highly satisfac- tory to the treasury officials and Sec retary Shaw in speaking of the matter today said that he was especially grat- flied at the patriotic spirit manifested by great many of the bidders.
 Willing to Go Higher.
 They were willing. he said. to sub scribe for the bonds even at high rate. in order to show they appreciated the governments efforts to build the canal in the shortest possible time. It definitely known just where the divid- ing linests between the successful and unsuccessful bids, but 1t is the best Judgment ot the ofacials today that 1t will fall between sios.73 and slos.7s.
 Secretary Shaw said that quite a number Of private persons had put la bids for comparatively large amounts certain whether all of these parties would be able to pay for the bonds. The Secretary also said that he should immediately make partial ailotments to the apparently successful bidders covering nearly the full amount bid for and then make the final aliotments when the whole schedule had been ad- justed.
 Designate Deposiforiea.
 The Secretary will at once designate as government Repositories all nation al banks whose bids were successful or not, and in this way he expects to put into circulation at least $20.000.000. This will leave the treasury cash in splendid shape and enable the Secretary to meet any money stringency this fall with another distribution of s20,000.- poo or less, as the situation may re- qulre.
 the Secretary will require the deposit of government bonds as security and 1t is expected that in this way large part of the present issue of twos will he absorbed. As to whether the Sec retarv will require government bands as security. for deposits which are like Iv to he made next fall, or whetrer he win accept State and municipal bonds, ia A matter In which the Secretary gays, he has not yet reached defi- nite conclusion.
 MT. Robinson, of the firm of Fisk & Robinson, of New York. the largest and MT. Ayres, of the Merchants Nat ional Bank of Philadelphia the sec ond larger buyer. had a conference at the ofice of Secretary Shaw this afternoon in reference to the price thev would ask for such bonds as they did not wish to retain for themselves and 1044 plus per cent. interest af- fer August was agreed upon As the bonds pay 2 per cent. the buyer will have to pay 1 per cent. interest after August 1. In view of the fact that the Merchants National Bank paid 1o4.Ss for one million dollars of the bonds. 1t is pointed out that the margin between the buying and sell- in q Dricn is A narrow one.