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Show WILL SELL BONDS AT LOSS OF $11,516.50 Only $155,906 of the recent school bond laaue of $365,000 will bo sold at ti preaent time, according to the decision of the board of education at a meeting last night. The remainder of the Issue probably will be held until such time as the bond market Is In better condition titan at the present time. The $151,000 isaue will be sold to K. M Grant & Co. of New York and Chicago, who were decided to bo the lowest of t h ree bidders. Under the Grant bid It will cost the city $11,-61 $11,-61 60 to market the bonds, which means that the city will onlv resllse $325.70 for each $1000 bond. The beat offer waa leas than the city had expected, but Inasmuch In-asmuch aa a bond Issue of 189$ for $155,000 must be retired August 1 of this year the board accepted the beat of the three bids. The clerk of the board was authorised to purchasa $5000 worth of school books for the coming school year. |