New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-12
Az UNUSUAL SrRoKE OF BUSINESS
VALUABLE SECURITIES At A SMALL PE1OE-A
MISTAKE HONESTLY CORRECTED.

YAUuABI.E SECURITIES At A SMALL PEIOE-A
MISTAKE HONESTLY CORRECTED.
The ways OF wan STREET are recognized puzzle,
not only n the outside speculator, but ofontmes
10 the Old hand, IN the street There is more
certain place In the world for the unexpected TO
happen and II does happen In that busy region, to
tho OF many. and the Joy Of but few Of those
who tempt bortuno IN that homo Of
specuIaton II Is poor heart that mover
raIoces and the hearts Of Samuel ~ schafer banker
Of No. 81 wslLs and the Officers Of wcll.known
trust company reiocci Thursday last.
huctlonecrS arc always morally convinced that hey
are selling bargain say that thoy anyway, but
when a member Of the firm Of Adrian H. Muller & Son
Informed his audience the Real Estate Exchange
Thursday last hat $500, tho price paid The secur
iIes mentioned below Wa dkt cheap, he quite
correct 100 shares ia Crosse and Milwaukee r. II,
Co., $50 shares Commercial Gas Co, Of BaltDorr, Nd,
] ,34A shares West Fairmont and Marion Consolidated
GRs Coal Co.. $50 shares Peoples daS-jEht Co. Of
Albany, Y. Y, 81 800 Peoples Gas Light Co.. OF Al
bsuy, y. Y, registered bends $1,000 West FArmont
and Marion Consolidated Gas Coal Co. registered
bonds were sold By auction. under the dIrcton Of
a trust company, representing tho estate Of Romano
Dillon the eccentric millionaire. whose romantic
caFeor and subsequent death At tho Union square
IIutrI fow months ago VII 10 we'll remembered.
Mr. Schafcr attended the auction sale 10 buy l25
shares Of New-York Central stirk, which weie In the
no was waiting. tho securities mentioned above were
offered IN ono loi and purchased by Mr. schaier
for tIOO lie bought he Central slOcR and returned TO
his oi,iOc shortly after D. when no looked through
his securities and showed them 10 some friends In
tho onlco, ono VI whom offered him SIs 900 for his
purchase, This sudden bull movement caused con
siderable amusement unl II was discovered that
Instead Of 800 stEres Commercial Gns Company Of
Baltimore" Ill Unknown security AID consequently
WORTHLESS, the rerilhrAos read 800 shsivs Con-
solidard Gls Company stUck, ot Baltmoiu.n which
woIo valued by George II, prntiss, a specialist In
uDlistPd scCuFlilph a. about AZ n share Or nearly
tiT 900 FOR the lot, Mr. Schaer refused several
tempting Offers Tor his bargain, and posted of with
the stock To tho prosd'nt OF ths Trust Com.
pauy, by whose urlcr tho securities wero
sold lie explained tho circumstance, and returned
all tbc securities, receiving tho fun amount NJ the
prco he hal paid In addition 10 300 given him as
commission on tho lran,Artnn BY the Trust Company.
II T. an open question whether tho word Il Cnmmer.
cIaI" was substituted for Cnns0datcd' IN tho auo.
iOneer's catalogue by typographical error, by
mistSko the part Of tho 1rus Company's officials.
who we're dlscreoty silent The subject whom qups
TONED YESTERDAY II lS pleasant 10 reflect thai bon.
esty and business honnr yot rnNn IN the world Of
Wall Street. notwIts landing tho pesslmstic opinions
so prevalent OF the corruption Of the present day