New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-08
WALL STREET AND EXCHANGES.


Standard on Trust certificates yesterday sold in
The open market at 3o1. which was an advance Of
g. rer cent from Thursday. The certificates
nor dealt in on the New-York Stock Exchange. but
instead handled by outside brokers. Accord
.agly there is complete record Of transactions
The transfers OF the certificates are mainly In
small lots So far can be ascertained there is
70 impending development to account for rise OF
over % per cent in the securities since January l.
One Of the leading men in the Trust said the rise
was undoubtedly due 10 the existence OF cheap
money AS money was bringing very little in inter
est people willing 10 pay high price Tor the
securities OF a concern which was 80 large and
sure an Garner There no truth In the story
that a new Standard Oil corporation. taking in all
the present companies with capital OF $2OVVeO
was to be formed The Standard on trust. II was
W. being converted into the stocks of the COM
ponent companies: The certlncates mao s9e no no
When dividend was paid on the certhcates
corresponding dividend was paid on the stocks OF
fhe various companies which had oeen exchanged
for certifcates. Thus the dividend of 70 per cent
10 be Ps,d on u Th dvdends declared so far this
year are 20 per cent, or $3.50 go In the same
5cS con n the distribution for the first
half OF 1875 l0O greater than isas for 1 ae fa rS
was paid It appears. therefore that the SECOND
ha Of the not so good al ,ne dyen ms c6Se
on Nav 15-that is only holders OF certlhcates
whose names are on me pooks Oh Ire on June
Yfhe day following the payment OF the dividend.
The old story that a quarrel had taken place be-
tween Russell Sage and George j. Gould, and that
,her had broken off relations was revived yester-
sav II was denied by Mr. Sage, as 1t had been be-
fore Mr. Gould not In town but at ms once
:, was said the story contained no more truth 'han
:, had when circulated before, which was none a'
su Tho Story was that the trouble grew OUT OF the
piece Of railroad in Louissna ap0Qr said insisted
death Of Jay Could MI SAGE; sb wg Of the profits
tba1 he had received. The oeIel IN az Tnan,,
was that Mr. Sage an ana sn mr. ,nporan derence to
arise between them
~. o,-,a.o, NJ the Hotel Martin and several
ch,,ssa merchants have gone TO Washington 10
endeavor 70 secure from the Secretary OF ti'e
treasury a modification Of the Department ruAhs
On nackages Of tobacco imported from France ana
Ch,na The ruling is that to comply with the
~ nackages must contain an even number or
n,ces for which customs stamps are provided.
The French tobacco is put up in packages OF hfty
grammes or one anu mud one6af ounces and zoe
CANNES or seven ounces. Inc Chlnese TOBACCO
in are proHdsd for four and
eight packages 1t IS GeG1 go, 20 pe T.;
sa!aby The questio2 came up before the Col Col
!ector Of the Port of New-York three weeks ago
On an Importation by the HoteI MIL i"'
Cold bars OF the value Of s. 900 were obtained
from the Assay Office yesterday by Laza'd Freres
Cor sblrment 10 Paris by the steamship La lou
,,ine OF the French Line sailing to-day. Inc
Government charged a premium OF one.tcoth oil
ono per cent for the bars. which was equal TO
& mn on the shipment. While demand exchange
& corparatively low (the actual rate being AS'1O
the high price Of gold in London and the low rate
=, paris exchange on London enables gold 10 be
slammed from New-York 10 Paris on triangular
oDers,ion without loss The fact that no DIS OIL
eycbange were offered yesterday by lazard treres
seains: .o-days shipment led 70 the conclusion
nat me shipment against bills previously solo
r'p tota OF The gold shipped in the present move
men. S7 COO II Is presumed there Will De con-
siderable OF an outgo the coming week
Word was received yesterday at his Office. No. q
Vtlian-st OF the arrival at Aspen. Col, Of j. b
Wheeler The object OF his trip was to attend &c
the winding I'D Of the two banks he established al
Aspen and Manitou. L. J. Tilton. his secretary
SAID NJ Wheeler would dispose Of all his interests
In Colorado and devote himself 10 his gold mimi
en.ernrisfs in Pierre and Shasta counties. Cal. Mr.
Tii,op said Mr. Wheeler would not have 10 make
IA assignment account or his losses IN Colorado
lis loans in New-York were well secured.
The Board Of Managers Of the Produce Eek
change Yesterday appointed committee to receive
And entertain me Mexican and Central ana Soutn
American merchants VINO Will arrive mere the ca y
part OF next month