National Republican. (Washington City (D.C.)) 1872-1888, 1875-02-03

While the market here for District securities IG
not quite demoraliBed, It Is feared that I'm other
cities and abroad there will be an unsettled feel
ing until after Congress shall have determined
what shall be the relations Of the General Gov
eminent to the District. And as the Republican
party have the credit for the great improvements
and the settlement of the question as to the per-
manency Of the National Capital here It is looked
to with confidence for the fostering Of It's interests
and the care Of its securities" There are a.
oOo, 900 Of the certificates Of indebtedness (sgned
BY the First and second Comptrollsrs Of the
Treasury held by large contractors here and By
wealthy banking firms In New York who have
been particularly friendly to the District, ad-
Yaneing 1t the money to pay the interest on other
securities sc. These parties refuse to have their
claims converted into the 3o5 bonds In their eX-
a loss, the bonds being far below par, But thew
have confidence that they have claims that wifi
eventually De paid In full by the United States
We learn from Messrs Sherman & 90. that onIV
~, 500, 900 OF the 1855 have been issued. 1t may
appear TO the general public that when the re-
have been issued and q large portion OF them
thrown into the market for sale by the holders,
the rates will fall But there is not the slightest
possibility that they will ever be Issued until
made more valuable by legislation. Upon she
hope Of this legislation hangs the confidence In
the bonds which we have sdVertsd to from time
The market for 3-65's was not noticeabIy weak
early In the morning, but AFTER the meeting Of
stopped, except where bargains were secured
This was caused by large number being offered
by holders abroad, who telegraphed to "sell out
the market" suppostng that the interest would
not be paid, having been delayed one day-and
this delay has crippled the bonds alarminglY
across the water. In New York, where the dis
position Of Congress is not so we'll understood,
they were quoted demoraliZed at 90. Even the
telegram sent giving Information Of the enact
ment Of the interest bill was not sufficient to re-
store confidence. This out-oftoWn feeling gIutted
the market; otherwise We should have recorded q
fair business to-day. The rates are below tho
quotations OF the Stock Exchange.
The lively scenes at the United States Treas
ury to-day were ludierous and amusing for some
and exasperating to others. The District treasu-
rer's office is practically abolished throwing all
the worry upon the United States Treasury.
Early In the morning hundreds gathered about
the Treasury, and at 10 o'clock, the time set for
the presentation Of the first coupon ever paid on
the S65's, the line Of eager bondhOlders reached
far into the halls, and the interest clerks were
Immediately besieged by 3 posse Of inpatient
men and women Of all colors, ages and conditions
in life, many Of them tongue-lashing the poor
clerks whom they held responsible for their iniu-
ries, and there was no abatement until the doors
were closed lat 2 o'clock) in their faces. Teller
j. almost lost his temper, and was willing to
swear that every man, woman and child In tho
District was the holder Of at least one bond Of
the denomination Of $50.
The following are the Stock Exchange ratss
for District and other stocks reported to Us at
p. m. by Messrs. Dickson & Patterson, COS FIE-
teenIh street: