New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-25
WALL STREET AND EXCHANGES.

Charles Stokes. the member of the stock bankers
/ firm OF Carey. Stokes e. Co. No. 20 New-st, who
belongs 10 the New-York Stock Exchange was
| before the Governing Committee Of the Exchange
yesterday on charges Of maintaining relations with
| the Monetary Trust. concern which formerly
handled discretionary orders in stocks. with its
headquarters in the offices OF his firm Mr.. Stokes s
hrm Few days ago took over the speculative
business OF the Monetary Trust. leaving the trust
10 deal in Investment securities alone. The firm
announced that Francis u. Carlcy. the president Of
the Monetary Trust. would give to its customers
at regular intervals the benefit OF his Studies and
forecasts Of the stock market Mr. Stokes told
the Governing Committee that the Monetary Truss;
was going out of business and would receive no
more orders. Mr.. Stokes also agreed TO discontinue
the famboyant style of advertising which the firm
had adopted. and in which the name Of Francis d.
Carey figured conspcuously Accordingly, the
charges against Mr. Stokes Of acts detrimental to
drorn interest and wenre OF inc n were
por9ted two years ago Mr.. Stokes and Francis D.
on the stock Exchange under the name 0: Carley
CO Ths Governing COMMITTEE OF the ENcha ,,
Mr.. Carlcy the ground that judgments were
outstanding against Mr. Carley. Il was supposed
finn with the Monetary Trust Mr. stokes made
up a new firm under the name Of Rosengarten
nofs rm of Gardy io I the Carcv APPEAR
Ing tine he2d Of the rm Gens HarGas a. oar b
been member Of the Stock Exchange since March
aid in the management Of tho FIRM OF carey. Stokes
CO. w T. chess' speca. yaT, rrad II. 'he 'rin j.
The Board Of Directors OF the Consolidated Stock
and Petroleum Exchange at meeting yesterday
afternoon voted to cxpcl William T. Mitchell from
the Exchange for obvious fraud" Mitchell had
been member Of TIE Exchange since August L.
1882. and had an office No. G5 Broadway. The
specific charge AGAINST him was participating in ir-
rccular transactions with w. F OCOnnor co.
] and I.lla A 4 nrsfi Il
concerns allied with the collapsed +. ;, Dean com
chascs OF stocks for the two firms when no trans
actions were actually made. lie had never been
prominent as n spcculator
The cable companies will July put into effect
rules for counting messages. In messages
written entirely In plain language each word will
be counted word up to fifteen letters. Should
"A word contain more than fifteen letters. every f:
teen or fraction of fifteen letters will counted as
q word Groups Of figures will hc counted ut the
rate of i've figures To word. plus one word for
any excess The same rule will apply in counting
grouns Of letters as used ir trddcmarIss Hitherto
ten letters hay" been counted as a word In plain
word The Increased allowance will prove great
advantage. OWING to the growing use of codes.
william Woodward Baldwin Third Assistant
Secretary Of State under the Cleveland Admnistra-
ton and for Il time Acting Secretary OF State. has
entered uron the practice Of law in New-York. with
Offices in the Lords Court Building. at No p Will
ian-st The name Of his firm Is Baldwin q Boston.
Iii: partners are Charles Anderson Boston and J.
D. Roman Baldwin son OF the late c. C. baldwin
who was Naval officer OF the Port Of New York
No trading In cotton futures INDUCED IN yes
terday morning until !. O'clock out of respect 10
the late Mayer Lehman and In order that mem
bers might attend his funeral The usual 10 O'Clock
opening pI"liuinarics were gone through in com
pllance with the Exchange rules but no business
was done. 1T II o'clock the market opened in an
informal way, with a firm undertone.
Edwin Gould yestcrda! denied that he had made
a bill on "A large block of Diamond Match stock
He said his match interests entirely in the
Continental Match Company.