Show VERY GOOD BOND SALE Shepard Co Get the Issue at 3829 Premium J I BEATS FORMER SALE 1663 They Arc to Pay for tho Issue SJ253 829 and Accrued Interest from October Oc-tober 1stFour Bids Were Received Last Night the Premiums Offered Being 207575 2505 S2166 and I S3829 Shepards Bid Came as C Pleasant Surprise it Having Been I Said Company Had Withdrawn i 1 The 250000 municipal water Im I piovemcnt bonds were sold last night I hy the City Council toE D Shepard Co of New Yorlc for 263S2J and fie I crued Interest from October 1 1000 Four sealed bids were left with the I City Recorder yesterday afternoon but two of them weie withdrawn before they were opened However that made little difference as those which were withdrawn were the two poorest bids The first bid read by Deputy Recorder Re-corder Nystrom was from W 7 Hayes I Son of Cleveland 0 The offer was par accrued interest and S2C7575 premium I pre-mium This bid was withdrawn by l a telegram received before iho Council metThe The seCond bid was from N V Harris Co par accrued Interest rnd S2505 premium This bid was also withdrawn with-drawn by the agent II C Barroll who I was In the city yesterday The third bid was Cam Rollins f Sons par accrued Interest and 2160 premium II The fourth and best bid was from E D Shepard Co per W P OMeari H was par accrued Interest and 3S2 premium and stipulated that the bid ders would fUrl h the blank bonds freeSHEPARDS SHEPARDS BID A SURPRISE Shepards bid came as a pleasant surprise as it had been freely circulated I circu-lated during the day that OMcaras house had gcmo back on him and that after causing the previous sale to Rol lins Sons not to be confirmed they I were not going t bid and that no offer equal to Rolllnss first bid would be received re-ceived Fernstrom and those Democratic Demo-cratic members who stand In with him were delighted at the prospect of the administration being placed In a dilemma and their disappointment at the higher bid of Shepard Co was great OMeara was there and It was amusing the way In which time Coun I ell men berated him for being the means of upsetting the former sale He took It all goodnaturedly and was profuse in lila explanation that the near approach of the election and the I consequent uncertainty of the financial market had upset his calculations but ho never Intimated that he had a bid In and few suspected that he had until It wasread BID ACCEPTED After the reading of the bids Robertson Robert-son moved that Shepard Cos be accepted ac-cepted and the motion carried unanimously unani-mously OMeara says that Just as soon as the legality o the bonds of which there Is no doubt Is passed upon and tho bonds printed the money wf be paid over to the city The former sale to Rollins Sons which was not confirmed was cnfirmed par accrued Interest and 21GC premium the same as their bid of last evening The sale to Shepard Co at 3829 premium pre-mium Is therefore 1663 better for the city and the Mayor and Finance committee com-mittee were warmly congratulated on their In success making so good a sale The bonds bear I per cent Interest Inter-est and are due In twenty years from October 1 1000 but redeemable In ten years at the option of the city I |