The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-22
'SHAW GRA1lf|E|D
10y a | |. Bids.
Patriotic Spirit Manifested by
8s8$ Many Buyers Very Pleasing \.
8s{5 to Secretary.
ICoNFER ENCE IN WASHINGTON ), l 1 N
Line Between Successful and l -si1r-
successful Bidders Fixed at
About $1o3.85. .58fs
NJ NJ .II-
y. j Il 5 "a -. Pc I ! /,

5F vi lfg (By AssOClH ted TPresS0 gil5i5
WASHINGTON, July q. IT here is mo
he issue az $40, ooO, 900 Panama bonds were
M highly satisfactory to the treasury OH.
cials. ana Secretary shaw2in spenking OF
I the matter to-day said TINT he was Ees.
pecially gratifaad at the patriotic spirit
I man tested by n great many bidders.
Z Thcy we're willing, he said, to subscribe
I for tho bonds even at - higher rate, N
order. to show their appreciation Of the
governments efforts to build tho canal
4 In the shortest possible time. Il -
II Will be several days yet before IT ID
definitely known just where the dividing
" line IL between tic successful and ,insuc-
z cessful bids, btu I IT rs the best Judgment
4 ofBthe officials to-day thntit Will fall be-
tWeet, Slo3. 73 and 5000. Secretary Shaw
{. scid tbat quite q number Of private par
lEties had nut In bids for comparatively
large amounts, and It might take several
days to ascertain whether all OF these
d parties could pay for the bonds, 53is IL
}853 Conference Held. 35
rho secretary also said that he should
! Immediately make partial allotments 70
| the successful bidders covering nearly
the full amount bid for and ti,en ,, lnaxe
I the final nllptments$ when the whole
schedule had been adjusted. The secre-
ittary viii d once designate ms govern
mrle men d depositaries all national banks
whose bids were s1o350 or better irre--
spective Of whether thelr bids were sue e.,
cessfn or not and IN this way ne, So "nn
to put into circulation at least $50, goo 0oo.
T1is Will leave the trea sury cash IN spleh-
did shape, and enable the secretary TO-
meet any money stringency this fall with
another distribution OF SIC, 900. 600 or less
q as the; situation may require For this
present deposit OF go 600, 600 the secretary
isWil require the deposit Of government
bonds as security, and It is expected that
in this way large part OF the present
,issue OF two s''FSwill be absorbed.
,5.5 Mr.. Robinson OF tho firm Of Fisk and
Robinson, Of New y ork, the largest, ana
/ Mr., IA ycrs. n OF the Merchants National
1 Bank. OF Philadelphia, the second larg-s
i est BUYER, had a conference to- day In res
| ference to the price they would ask for
| 3such bonds rs they did nots wish to re-
| tain for themselves, and 104.4, plus three
per cent interest after August LIST was
lYagreed upon. AS the bonds pay tWo per
cent, the buyer will have to 4 pay + one
per cent interest after August t. The N
(margn be tween the buying and selling
n price Is a narrow one. III sS,8 $ii fs III
Misplaced Bid Found. 35'5
z reas,Iy officials ascertnined to- day,
/ tbat ono bid for IS. 900, 900 at 1o367 had
been & misplaced. 5 It was found among
bids Of ~ lower figure. The discovery Of
6 this bid Will fix the line betwe en- the
successful and unsuccessful bidders at
about 1885. This bid Is one sof several
that were filed by Samuel Byerly. Of
New Y prk 5 q. Ss{ ~ S s$5
" Among the successful bidders We're - r.
thur r. Bulter,. n etSington. Va, $50 #aS
n Oh; First sSationuls.ss Bank. Fearisburg,
va, Is, 0ooyat 1O4 p VI II dimes, atka;
N Fla, 800 at Il los. 1876; T. : 5. Morrison
4 Jacksonville, Fla, $40 nt LOS; Henry II y
u Deane, ] acks onvile, Fla, S40l, 900 al
Sio4O7; Palmetto National Bank, Colum-
a bla, S. CT, 100000 at 100. S75. u