The sun., 1893-07-29

H.
ms,ke. Was s,rons, o"ins w s so"u su ~ III.
prime puyna ioI oo'" N. 'oies. ""o Wv. o..'o . Wy
,hvestors me to,eiRn p.I Ions"ora VIZ no' ~
haNe as ON lhufsua,' ou' ." ,of 90 ,uo eeie'
Oh Qua 'o's mn ino'es"'" '"o i"S"' "o''ip
uon Wss eree'er'
1he o.hciai seies she". s"vas ,on ,ne. 10 -lf 80
snsies' In amounts 'ess man w sha'o"' wer =
deer ID. ana pracueshy ~, VI ahe usnsact'ons
a' erres ,,ao,o, ~ .., .oo,o snv iVk :, u'ei .'
m.rses' V"'o'' '"'i'"'o' 'p"''""''' '"''0' ''""
s.,ee
vss 'erp 's.oi.e'nN ,''.eie, W "e"i VI
sne o"Ae" "" Vi .He,, " III
fen !" "nes "io 'o"". .nV"" a
0ee 'o'H o"o M" " ."". ,s.e 'o 'io
nrr. nooi VI ,ne, 80
pp 's'Dos o'iou,e' ane ,"". "'' '"' " '"''i
PuIenases eNresoe" ~ ~ Snnfes Us ,
"o ,l.,' ~ o''S"so o3
ns g., VI 'o,' 'n ,, 'sua, ,oI'.u az
~vo sne nm VINO NO w ""' ,. yo"po W
s1y ouu -" '.a.es :" ouu ~ ,.,
80, sAs p'o'u ~, " o ~ 1,''. ...'
1,soo eua,es y. n'","ia on''" A"'nk p"'-
enasee o' less .nan ioo en".es
'"o ,,, nie' nou' VI ,. 9u9' n'V
"o ~ , ~ ,'. W.
~. 80, " 80 49," " ~ 80,
Sua oooHnt oup ,men.y.uso s'"fes ~ onoo VI
odd lot. w,a obligoa n, discontinno taxing
ordern yesterday. because tho Office already
had moro business in hand than it could dis
pose Of A. promptly "a It's clients had q right to
expcct.
In view OF tho interest that the public has
suddenly taken In tho stock market it may not
be Inappropriate to describe tho manner in
which small amounts OF stocks are dealt In.
Tho usual stock certificate issued by corpo-
rations IL for 100 shares. and stock brokers
obfnin certificates for smaller amounts by sur
IN Hti n,.ln
split up into smaller amounts.
1t Is impracticable to do this upon small
scale. consequently number Of brokers,
many oil them specialists in the various stocks.
undertake to buy and sell oil OF the fractional
lots WHICH their fellow members may wish to
deal IN 10 compensate them Tor their services
II ts understood that the purchaser OF less than
400 shares OF stock must pay ut least d OF l
per cent above the market for 100 shares. and
tho seller similar reduction
The specialist covcrs his transactions by |
purchasing l0O.share lots against his sales OF
email amounts and selling them against his
purchases In this way he endeavors TO se-
cure u difference OF at least SIZE hundred. |
besides the small commission ho receives
from MS fellow brokers' whe are the original
recipients of the orders.
TURN IN GENERAL EIEcTR1C's AFFAIEs.
. Wbi,o tho ,bsornt;on ri ooour;t,.s h, ,.,
And Jomeatic ;nynstoru ,,o. .,oi,r -, ,ns;,
tbo oorIv honrs -, hns;ross tha 1,,Ii,,. vi .
oner,tors ware nnnran,,v nr.n,riu', rnr ,,,.o.
ona attocra ooo,rst Gnrnr,I t1o,tr,, ~,
Chioo,oC.o In, ,h. orst .na,, al ~. u
sonn.or rnuoh onnoe;,inn lii ~ NV eN
... 80 49,, a, I g. -. o'-,tu.nee
onan,re 70 az, total orIai ,,o,n,s ,aJ ~ '"e
Ths an ss with whi,h th,s roromon+
con nlished naturally nronsed tho 5e,rs ~ tho
street that tho woret that oouid h, ma - tho
com mnonv uas inn n,inont r.nor, ~ =. ~ ~ W.
.hout m noes irto tbo h,n1, -, r.oni,,.n, Vs.
eamo current ani found many ha,ioyo,s
Al tho sama tJme tho na;or,tr ~ tho Will
.treat commnnitv UNA howi,do-aa I'D ~
soubt becausa oficars q, tho comno,v as ,ra,,
"a its directors. have asserted NIL oIone NO.
,n,v in nuhIisbed intervlews hut n oonednn
"ua w,'n sner renaf that the
company " was sound financially and earning
hs eight ..ps per cent dividends which it pays
WI. 80 a. esoS. S...
he floating indebtedness of the company
night lead II 70 sset tho nrotact;on of tho
.nnrts "st ~ 'ees es;. tne pro'ee.lon Oh .ne
lone. Besides. 1t has been useless to disguise
he fact that the business Of the concern has
been curtailod by the universal check that has
,een given to enterprises Of all kinds.
-, " '' '''" 'n'oi h"-
ion ,ekn,u,ns 'ne "nairs oi the company was
u'nished III briel statement to the effect
hat the management had decided to offer to
he stock kholders of the COMPANY certain Of the
ra,aurv .s.ots ~ ,,;,, ~ =. -, -, a.,
on', "s no p'.seS 'l'"t "oulo olihR the
company S4.OOO.OOO the amount Of its floating
ndebts sdness
Tbasa a ssats oo,sis. o,.h, ..,.,.,
~"oso uese's eonS's' Vi ,he STOCKS anu pohos ]
u corporations which the General Electric :
Jompany has acquired In payment for priyi
800 .i,,ht. a,a .,,,a~a.,, . ~. I
ose'' eh'H. anu "ppar"'us iurhieheu 10 local {
companies all over the country.
TWAS stated further that securitiss to tba
mount Of ~ ner cant n, tho smoun+ tne ra'
Iuired to be raised had been underwritten | :
" bankers and capitalists identified with
ho nonauam.,t ~, ~ ' w" a
10 hiahaeehene Oh the CORPORATION. &
Conspicuous among these Is the firm :
4 Drexel Morgan 4 Co a,.Gov T
!, r. Am.s ., Mossachnso.t. uon,,.oo ME-
I. y. hnes u niuMsssthchuSetfs;d danlliton ,Mch.
WomgH.f y y; Mlis, l. ogMuers0n CooldRe /
e., anu a. L. l.. h,igsihspn. Ine oineers OF the '
onPany oIso stateu that the quarterly divi- 1
81 ns, wgh @ has h a 6een
'nvertlsed; r