New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-17
WALL STREET AND EXCHANGES.

IT.. nan, ,.r,o ma II now stands allows 500 worth
OF psrsonal effects to be brought into INC 49," 49,,
free OF duty by each person arriving from ~ 20.
country. The same provision Is coh'a"e' "
existing Tariff law, but 1t Is not enforced ~ 'as
two years ago a regulation was made Dy the
urv Department whereby persons were aho"eo ~
bring in duty free practically whatever persona
effects they pleased. 30 long as these ene.'' ~
been In actual use. Thus wearing apparel ~.
and many household articles were admitted "n'Ou'
the paymen OF duty Recently the Treasury De-
par,ment directed ]. T. Cross. the chief OF the spy
cial Treasury agents at New-York to nave men ~
on board ships and nerrogate passengers as 10 tus
value OF the personal effects upon whicn l".. ~
not expect to pay duty. that they were orhs hat The
the country In some cases 1t was found ina hat
amount was high as 25ol IL Is T Teposu% De.
Mr. Cross has made rep report 10 le the disconnu-
ance entirely OF the free entry Of personal enec,s
which have not been In sse o brides from going
Paris for their trousseaus and men OF Ias niothes
Ths tS"s and ressmaRers Of ard other
American cities have made strong representatons 70
mittee Of the sena.e and the Ways and Means Com
mttee OF the House for the restriction OF 'ne
effects into the country. one estimate Is th mat
$4,000 600 worth OF personal eHer ,, a. nav duties
but do not.
The general counsel of the Waters-Perce Oi. COM
pany Standard oil organization ut Austih Lex
said Yesterday of the verdict against the company
whereby its permit to do business In that state was
cancelled on the ground that the company hau
violated the antitrust law OF the state: Inc "
dict and decision given In state court "ieie
the case has been on trial for several weeks me
constltutionality OF the Antitrust law OF IeSas
was involved in another case tried some time ago b
and the law sustained by the state % aw was
ing in the supreme Court OF the Gnite s tie doubt
that the decision will sustain the Circuit Court ana
declare the State law unconsttutona n,u amount
to nothing We shall take formal appeal IN s sne
case while aTans the d nosvey S the prn
ciplcs of law Involved In the litigation
The Increased activity and sharp upward move
ment in the stock of the Brooklyn Rapid transit
Company on the New-York Stock EXchahee are
partially accounted for In notable increase III the
ccmpany's earnings Compared with last year '"e
gross earnings Saturday last showed n gam Oh
81 800 and or Sunday a gain OF $loVV, the con
parison for Sunday being with rainy sunday so6 u,
The company In two years mas ialu MOI ma 70 ne
on the main lines where traffic is heaviest This
has resulted In material reduction OF expenses i9 "
repairs to cars and motors, as such a hea'' io'' 10
unyelding.
A nroposed amendment to the bylaws OF the Cot
ton Exchange whereby the administrator or execu-
tor of the estate Of member of the Exchange WIS
TO be permite ed to be represented on the moor py
person not a member. was yesterday deIeateu oy
n vote of 81 to As. This representative OF the Ge
ceased members estate was to have the same PRIV
ilege as second member who Is q clerk LOT
regular member and acts for him.
The 100000 In gold which Lazard Freres VIII snip
to Europe by the Augusta Victoria, OF the HAM
burg American Line, was supplied by the Fourth
National and the Hanoysr Natona, banks cnositsS
OF the gold came from CALIFORNIA, ana was uepoSi'ep
in the banks by their customers.
Ex-Governor Roswell P. Flower was yesterday
elected a director of the Corn Exchange Bank, 10
H:l the vacancy caused by the death OF Alexander
T. Van Nest.