New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-07
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
The regular quarterly dividend OF per cent and
an extra dividend Of per cent were declared yes
terday on Standard oil certificates. These divi-
dends are payable June Is, and they will make the
total OF the dividends thus far this year 20 per
cent. The total Of the dividends paid In 1896 was
81 per cent and it is expected that the total this
year will he great. II not greater. Sales OF the
certificates were made in the open market vester-
day at 30i2. the highest price on record Ihere
was private sale of 300 shares at 1903 The
friends OF the owners of Standard Oil certificates
have been expressing hearty congratua tons to the
fortunate possessors of shares upon which 81 per
cent pai6 in 1896 and upon which as much or
more is likely 10 be paid in 1897. In uttering these
congratulations some OF these friends have re-
marked that as the country has been passing
through extremely hard times since 1892. because
of the appalling plumbers of the Cleveland Admin
isration and because Of the injurious effects OF the
Wilson bill upon American industries, the saga
cous holders of securities which paid so hand
somey last year and likely to divide large
profits in 1897 deserved TO be congratulated Men
ton was made in Wall Street of the fact that II
any OF the of these certificates wished 10
convert them into actual cash at 300, they would
probably get fine upon the original
investment. 1t was remarked in brokers ohces
that American Sugar stock had been paying Il per
cent but that still remained at quotations under
100 Conservative financiers declared that the
management of Standard Oil had been OF such a
sort that the owners of certificates received the
largest possible returns their investments while
American Sugar stock had been put up and put
down and over again by manipulation ana
ser,ouslv affected on every occasion when changes
In the tariff were suggested AS TO standard oil cel
tifcates. it said. no tariff changes ever ahected
Standard Oil. 1t like the Rock OF GlpraItai
and a5 talk and on b % the foot
OF Gibraltar never caused the mighty cltadel 10
trembe. And Standard OH was as Nasty sy as
stock at present quotations represents toial vaa
alton Of scores Of mions SanGnfd w Variation
of hundreds OF millions.
Two Indian bucks in feathers and paint, ana
four souaws with two interpreters visited the
Stock Exchange Yesterday. AS soon as they were
espied in the gallery the brokers began war
dance with accompanying war cries. fmaiy u'e!
seized William Frankenhein, whose head is as oald
as billiard ball. and made motions as IL 10 scalp
him Whereupon the stolid faces OF the lndlahS
broke into broad grins. Several OF me DroKe i
went into the gallery TO shake hands , VIII
McCinrc that the indians should have the priv
ieges Of the floor. as they were eo9d sGa E,;
anG Petroleum Exchange. The Indians were from
Buffalo Bits Wild West Show, In Madison square
Garden
The Clearing House has been notified that bogus
checks for small amounts drawn on DOWNTOWN
hank and purporting to be certified. have been
offered to uptown retail dealers. The certihcation
stamp and teller's signature are fraudulent. ana
the signature of J. p. Burton & Co Is fictitious In
one instance a check for $40 was given to a drug
eist in payment for $40 worth Of goods. and $50 was
Returned in cash. Most of the checks which have
to light have been for smaller amounts nus IN III
ihe stamp Us omitted 1 from the word certified
The total Of the checks passed Is so Ia: as KNOWN
less than sl0N
Colonel" Rober. A. Ammon. banker and
broker" retired yesterday from the offices he had
occupied the ground floor at Nos. 10 ana 4
Newest He resisted disrossess warrant. saying
he had a verbal lease until November next lie
said he paid out carpep;ers vii nov
House of the New-York Stock Exchange.
Several promotions were made possible by the
retirement yesterday Of Fred w. Brooks, clerk
attached to the Seventh or Lqudatirg. Division
Of the Custom House. but assigned to duty at the
Board of General Appraisers as the Collectors
Brooks WbIch was promotion for him
Five othe: clerks in the Liqudating Division wero
moved no Brooks left the service to engage In
business.
The subject OF a renewal OF the contract between
the New-York Stock Exchange and the Gold and
Stock Telegraph Company will not be taken up by
the Governing Committee of the Exchange for the
present. and perhaps not until after June 80 when
tnued after that date for time without a con-
tract
Elverton r. Chapman. of Moore & Schey stock
brokers' No 50 Broadway. has not yet gone 10
Washington to enter upon his term OF imprison-
ment OF thirty days for contempt OF the United
States Senate in refusing TO answer questions III
the Sugar Trust investigation.
No gold has been engaged thus far for shipment
| 10 Europe by steamships sailing tomorrow. While
exchange firm yesterday, 1t was slightly below
| the gold shipping point
The annual meeting OF the Maritime Canal Com
| pany of Nicaragua held yesterday at the
companv's offices No "A Broad-st, and resulted in
| the election Of these directors: +. +. Thompson A:
| G. Menocal S +. Kilner, Alexander T. Mason and
| George West.