New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-02
WALL STREET AND EXCHANGES.

The membership IN tho New-York Stock Ex-
change announced to be sold a, auction at the
Real Estate Salesroom. No. Ill Broadway. yester-
day. belonged to William H. Osgood. who died on
December IL. 1896 lie had been a member Of the
Exchange since September a. 1874 but had not been
in active business for several years. The member
ship was offered on the order Of Bowers 8 sands
The first bid was 30 cents. which raised laugh;
The next bid was s.. Then came bid OF ~ 900. ana
Jam ae' P Clevelan lane Bo%eEs
who boush, the membershp for william i II; 0 tSo
Purchaser Would apply for admission to the Stock
Exchange If ad5sd he will hsys ' for pay o e
Exchange seats has been $4,000 bid s5S ~, and $40"
asked making the real price about s2OV"'
The report Of a hitch in tho negotiations for the
merging OF the East River and the Equitable Gas
companies into the New-Amsterdam Company was
again denied yesterday member OF the under
writing syndicate said: The great amount OF de-
tails takes time and the publication OF legal notices
required by law precludes haste As to money: the
syndicate has never lacked for all and more than
undefwriiien by Interests which could respond
promptly on demand. Much than three
az as The the od prefer the Stock
issued to the proposed cash payment: As to the
has Been deposited think that not single stock,
holder has so far asked for cash for his holdings.
There were substantial gains in stocks yesterday.
Included in the advances were the following: Amer
lean Spirits preferred. ": American Cotton Oh
common. 2; American Cotton OIL preferred. Si.;
American Sugar common. ~. American Sugar
and aaey T AaSr
Gas liz; Delaware and Hudson, Ia; Erie hrst pre-
IseS Mi General E MerGpca iCs
Centra1 IL: Northwest 49, Omaha ~ Pfop.5
aid Grand Island second preferred, ~; ST. Louis
and San Francisco second preferred ~; ST. Paul
lss: Leather preferred. ~; Western Union. II
special committee will make report on n
proposition for uniform commissions at meeting
Of the Board Of Managers OF the New-York Cotton
Exchange TO be held to-day. There Is rule In re-
gard to commissions, but IT is dead letter as the
penalty for breaking II was removed sevefa! year
ago Some members do business for 30 small a
Commission as s. both ways tbuyns and selling,
on a contract for one hundred bnles II Is reported
that the special committee Will recommend com
mission OF SO on one hundred bales for both
ways.
There was another small loss In wheat yesterday.
On the w-Iork Produce Exchange December
wheat closed at sS4 cents a decline Of = cent from
Tuesday. May wheat closed a. ssA cents a decline
OF Is cent. December corn closed a. Nn cents. an
Of cen Msy sosn iS.ny loads Of
and thirty loads OF corn
I'M Comstock. chief clerk Of the Customs pivts-
ion of the Treasury Department at Washington.
was at the Custom House yesterday 10 receive
recommendation and suggestions from exporters
and agents with view 10 the adoption or Uniform
regulations for the xport business
Frank RAYMOND yesterday began his duties rs
Deputy Collector and placed In charge OF the
First or Marine Division Of the Custom House.
taking the place OF Daniel G. Hawthorne. re-
signed The salary 10 800 year
W. r. Houghtaling and William b. Nivin. both
members Of the New-York Stock Exchange. have
formed a partnership under the title o. w. X;
Jouphtaling & Co, for the TRANSACTION Oh general
business In securities. either Tor invest
ment or upon margin.