, 1869-05-06

issued to pay for the cxteusion Of the Court House
honH 70 the amount Of &aa0, 900 wera authorized
Tue Legislature for that ulpose, Of which 100,
us' nave been sold, viz: sAo,oo about IL middle
OF last Eonta atssc, md 80. 900 few DAYS Since
hA &lo. Previous to these sslea and up To the
lss OF NAY, the bnying quotations Of brokers an1
1ea!efs In thts market were It leA1t pic at which
NO have steadily quoted them, though morning
cetemporaJ who now nnds fsult with the pace
obtaincd for those Just sold, hts ~ steadily
quoted them In the interest Of the bro
seta At ssr. On May tat the coupon
lot the sem!-annnal Interest Of sH per cant was
OF, which wnu!d leave the pr1ce-ihe market re-
naming unchanged-at Ban. As nil OF the
Slcp 900 bonds that were sold we're new bo ads,
having no accrued interest on them. an1 on which
Interest did not begin untu Nay 1st they would,
Of coursc bc fairly sold It tho market yalue OF the
other s1sues Of Cook County bonds, viz: p3Hc.
II, however, We eq1all1c the price OF the two
nmounta sold BY the County Treasurer, We nnl
that the whole s!oa.ooo has. brought a
fraction over PC, o. = little
oser NC more than the marsa: p:4es.
"a the other city papers, e1c:pt TIE -zl1USk,
have steadily quoted Cook County IS at ~, iu-
c!udng tho accrued interest the price obtained BY
the County Treasurer for tho t1e1,0o0 bonds ts
ono and 3 half per cent ahoTe their quotations
We believe, however, that o. cents has been Tue
correct quotation up to the interest day On the 1st
OF May, aud that the Treasurer has really done
better by u cent than the market As auo:cd by the
lrolesA- The only objection that can be maie to
the transactions Of the County Treasurer Is, thst
that he did not make the matter more pubic, aad
10 call IN ali the pos.ible competition, instea1 OF
golag individually to banlera for hid. The
tronble wes that, though he went 10 a num-
ber, he did not 60 to all, and some
OF these who we're not called upon, SAT now, that
they would have given Is or a& We suspect,
however, that seTcral who now talk about giving
IS or o. and have based their figures on the pr.ce
Of the other Cook County IS, have not taken Into
account that the a7c quotation included sH per
cent accrued tnte rest, while the new bouds lust
BOLD carry no aeuue1 interest. II this is no: no.
they would be paying ~ to sk per cent more Ior
the new bonds than they have been Offering for
the old ones OF the esne tenor and bearing the
ssme rate OF interest
Our contemporary VITO this morning criticised the
sale Of bondseaud who SAYS they vii sell readIly At
Pee at auction. was evidently ignorant Of the df-
ference caused By the ~ per cent In
tescst coming OF. Al any rate thosc persons
Who want Cock County bonds at &c OF 81: without
any accrued interest viii have II chance 70 bid for
them before long, as there arc Jet aloe $50 to be
plheed upon the market 10 pay for the Court House
extension.
The local money market presents scarcely any
change from the general ease which has markell
the lsst week. There Is only moderate demand
FOR money, and many Of the banks are not only
enprisinE their regular customers freely with NIL
the accommodations they ask for, hut arc also
Ia lag all the desirable outside paper offered
Some small amounts OF currency are being
shipped to some Of the gram districts, though not
IN SUFFICIENT amounts yet To warrant the bupposl-
sicn that there ls ans revival OF grain movements
In the conutry.
Exchange continues quite irm al e0c to 7oc per
81 60 premium for salcs between hanks The lat
ter whs the ruling price. and at the close Of hnsI
ness 1t weA so scatce that some bankers had con.
clddeh TO Eh1p currency TO New York. Al the
counter rates conttnue as before, baukera selling
New fosk currency at l-1Y premium, anu taking
straight sight exchange at par, and grain bills at
1-l0 on.
The great stock speculation In New YORK has ex.
pe1ienced very decided reaction during the last
Two days. and stocE8 that hai1 advanced from ten
TO twenty per cent during month, up to the hs-
ginning Of this week, have fallen back at 1east hall
OF the whole advance. The Erecalasor1 have trans
TERED their csptal to the gold MARKET and are lei:
ting stocks alone, go that they drop from their
owu weight Government bond quotations remain
about the same as Yesterday. In London the quo
.atton for to-day Is 7a5s.
Dealess' quotations for buyteg and selling gor.
crnmcnt bonds, local Stocks, gntd aud silver, IN
this market, this afternoon, were as follows: