Show TREASURY BUYING BONDS Secretary Will Take Not More Than ThanA A Hundred Millions OF Ob Tu fo lie lit III ii Iuro Will I n von lor u ii of luo ami u 1 Ier I March eh secreta secretary ry IT nf ot the th today toda published a circular announcing that on Olt mid after April 3 1901 1803 he hI will under au ot section U It of or till the act of or Match March It to an not of or the bonds ut the t per percent percent cent of or and the tho I j per Iler cent funded loan of or 1907 1007 They Th muy mu Ve lie sui tendered at prices yielding I tu the lines tor an all of J 11 4 per lieI cent i t or 1 an 1111 mini the th new will Mill be lie h I in III exchange at a I premium or i J i d r cent Accrued t on 1 I and neu bunds will bo be t I I date of or exchange There me III now nUl it M U J per wilt lIt bonds ami h 4 of ot 1907 nu t 11 d b II the Issued Tin Th i 1 u III also about i OJ n j the 2 I pei 11 rent of ot hu I UI 1 under the urt of ot arch H It These 2 I jw J I rent M H 11 I u In 1901 1900 nt lit IMP under provision ur Hi refunding act If the m huI ft WI WIto i ito to be Issued now noli at 1 lUj ui I be hI a to be ov tiers IK of or th Ih 1111 taking tilt the t ilia v iI t 1 as aa a hall bails of or about 4 per 1111 on Oil nl nel reil d and about 6 p i i lOI nt for lor the Is The 1 I to obtain an all equitable of or thin 4 profit for tor the whirl l IK the rn son ou for charging a premium of 2 per percent cent Iut upon the tho new lieI bonds to 10 bi IJ h Tho circular VIII contain full rull pat JIll 1 for tOI the gul of or Iho desire le fr to of or tit pm pro of ot mill 1111 will be ue Hint to tu ench ovner of ot bonds of ot th two loans In III ciK The B 6 per cent bonds nt or WOI 1901 will not nol be hE received for tor refunding under circular but will be In for tor te 1 They mature Feb Feu J 1901 The Ih stated In explanation of ot his action that he to put out outa a amount of ot 2 Z per cents which could be available n to Increase circulation lation In case of or a II AHR AH New York olT r of ot otly Prey ly II seemed to 10 come cOllie ns a 1 sur to 10 bond bo II II broker tome of ot nhom professed to be unable to tn understand Its lis or 01 purpose It was generally looked upon as nil an all emergency or relief measure as the offer will release from L 10 the theL upun lilt oC or 38 or Is h turned In III One thought the proposition was WAIl designed to Induce bAnks to Increase their circulation could trace any allY connection between the offer orter and the corning coming Panama payment |