New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-20
WALL STREET AND EXCHANGES.

Ex-Governor Roswell P. Flower yesterday made
the following statement in regard to the new
forty million-dollar mortgage Of the Peoples Gas
Light and Coke Company. Of Chicago. formerly the
Chicago Gas Trust: Now that the company and
its friends, having the control Of all the other
panies Except twenty-five miles OF pipe owned by
the ogden company, have a large field Of pipes to
lay In tho future TO IA square miles Of land
within the city limits of Chicago while the COM
pany Is not in any need OF money at present for
construction. this bond provides that. in case it
does need II in the distant future II Will have the
bonds to issue. The bonded Indebtedness of the
Peoples Gas Light and Coke Company all told Is
500 0i6,0O OF the 100000 bonds to be issued this
s29 $4,000 will be yed to take up all outstand-
ing bonds they mature. Many Of these bonds
pay per cent interest They will be funded into
this per cent bond. It is the intention Of the
Peoples Gas Light and Coke Company not to issue
il has at present. 1t merely provides for the
future, as any prudent management should rms
TO be Except ks for n e
the property or for erecting new plants"
by order of Collector Bldwell, customs inspectors
yesterday seized lot of diamonds consigned TO
A. J. Van Gelder. diamond dealer at No Isl
Broadway. The diamonds were sent by dealer IN
Germany ION memorandum" and arrived On NO
venber Is by the steamship La Gascogne from
France. The diamonds nvoiced ms being
praisers that the diamonds had a dim look: me
ha they IN had been
poe of real WIEN me
monds were claimed their value was nxea , 10y IN
customs appraisers at 1900: AS there hao peen a
seeming differentiation OF 80 per cent the seizure
OF the diamonds obligatory under me ia ~
Mr.. Van Gelder was not held responsible Tor inc
differentiation.
Collector Bidwell gave hearing yesterday in the
matter Of G. Sartorius Co., leaf tobacco dealers
OF this city. who, according to reports received
from the Appraisers office imported sixty bales OF
sumatra tobacco. which were invoced as hllers
but upon examination by the inspectors proved 70
be wrapper tobacco, which pays a much hlsneI
rate of duty Something like $4,000 involved IN me
ssrtorius Co deny amy a5emP, WashnS
ton, together with the report or the ColecIor ne
final decision in the will be handed down by
the Washington onlclals
A notable feature OF the Clearing House settle
ment Yesterday was a credit Of S255,0cO In favor OF
the Fourth National Bank This was said 10 have
been the second largest credit balance on record
at the Clearing House. It was said TO represent
part OF the N3 5000 to be paid TO the United states
Treasury on Monday next In partial discharge OF
the debt Of the Union Pacific Railway to the Gov
eminent
The stock Of the Consolidated Gas Company yes
terday advanced on the New-York Stock Exchange
TO 1884, and then fell 10 lS The closing price was
1851 which represented gain from the day before orr
dav in the rumored deal for the union or the Con-
solidated. Mutual and Standard gas companies
General gains were made in stocks yesterday
Some Of the gains. comparing the closing prices
with those OF Thursday. were: American sugar
preferred. III West Chicago Railway. IA.