The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-12-08
DISTRIBUTING CANAL BONDS
And only About %. 600. coo 60 individuals
The city and state Of New York Get
ADeut 90 OOO. OOO-8S 600, coo Go to
the west and -. 600 600 TO tine SOUTH.

AD@Mt 10 DDu DDD~oS ,DUD, DVD 60 TO
the west and %. 600 600 20 tine south.
WASHINGTON, Dec. 7.-Approximately
S2AyOOO.OO o OF the Panama Canal bonds. bids
for which were opened at the Treasury
last Saturday. have been purchased by the
national banks. Secretary CortelyOu re-
gnrded the bond Issue a. a measure strictly
calculated 10 relieve the financial situation
and for that reason he accepted the bid
OF individuals for these bonds TO the extent
only Of about $1,000, 900. Only s7S, 600, 900
Of bids were accepted, Mr.. Cortelyou con-
sidering that the financial situation no
longer calls for the full issue Of $50. 200. 900.
A full list Of national bank purchasers
Of the bonds was prepared in the secre-
tary's Oflce to-day. The average price,
az announced yesterday, was very close to
1OS, but a number OF large lots OF the bonds
went at a lower figure. An examination
of the list Of successful bidders shows that
the bonds we're well distributed over the
country, not less than 400 national banks
in nearly every state in the Union being
permitted to purchase.
Roughly IL may be said that Of the s24,-
100000 Of bonds which AVE been assigned
TO national banks o.. Ooe,OOO will 20 to banks
in the Western States and on the Pacific
Coast; $4,000 % to the Southern States and
$4,000, 900 to the Northern and Eastern
States, not including New York. Approx
matcly, the amount OF bonds awarded to
banks IN the city and State OF New York
was se,OO0yO00.
The largest amount Of bonds purchased
$1,000 300 by the Mechanics National Bank
OF New York, the price bid being lo2.13.
Tn National City Bank OF New York gets
several large lots at prices ranging from
l02 1RS to l0S Assignments amounting to
up to los. so. we're MADE s to the tso National i ]
Bank OF Commerce. OF St. Louis. The list
OF national banks receiving more thar
100000 each Of the bonds IL as follows,
subject to possible slight corrections:
National City Bank OF New York, $500 900
at 1O2 ,S75, tS00,00Oa at 1O2. rs. $500, 900 at lO2. 625,
500, 600 at lO2.5O $500 900 ut IO2. 915, $500 900
at l02 rs, $500 900 at l02. l25, $500. 900 at lOS.
National Copper Bank Of New York,
S3OO,OOO at l02.90, 500 900 at 1902. 2S, 500 900
at l08. rs n $500 900 at los.
Mechanics National Bank Of New York,
81, 600. 900 at 1O2. IL.
Now York State National Bank Of Albany,
$3.50 900 at IO2. 625.
National Bank Of Rochester, $500. 900
at lO2 rs.
Corn Exchange National Bank of Phila-
delphia, $500 900 at los and $500, 900 at 100. so.
Franklin National Bank Of Philadelphia
500 900 at I02.50.
National Bank Of Commerce Of St. Louis.
$3.50 900 az 102. 70, $3.50. 600 at 1902. as. $3.50, 600
at loops and 81. 200. 900 at from loops to
los so.
Third National Bank Of St. Louis. 5000 900
at l0A.2el, $3.50. 900 at lc3. 759 and $3.50. 600 at
lO3. 247.
Second National Bank of Boston, $500, 900
at lo2. 125.
Florida National Bank OF Jacksonville,
5000. goo at 102 IS.
Palmetto National Bank of Columbia,
8. c., $500 600 at lO2 so.
Lowney National Bank Of Atlanta. Ca,
$500. 900 at lO4.l.
National Exchange Bank OF Lynchburg.
Va. 5000. 200 at lO4.Ol.
National Bank of Commerce of Norfolk.
Va, $500 900 at l03.50.
Shenandoah Valley National Bank Of
Winchester, Va, $500 600 at IO3.c025.
Traders National Bank of Spokane, Wash.
$40 900 at los.
Santa Rosa National Bank Of Santa. Rosa.
Cal. sl12.5OO at los.