New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-24

give
cepted his offer with the result that he sold the
one hundred shares to himself In rae. ~
WAS no transaction but the quotation OF ioVf4
made n sale for the two hundred shares "po,
which he received a commission OF one-eisn,n
Of per cent or SD out OF which ne had 10
nav 50 70 the broker who bid 1908. NICHOLS
who has been n member Of the Stock Exchanse
since March 10. 1857 has his office with POST
& Flagg No. 10 Broad-st.
WHY TT OFFERED GOLD.-Edward r.
Poor president OF the National Park Bank, ex-
planned yesterday why the bank onered eo'u
instead of bills on checks presented at the pahh
for pavment; For the last eighteen months goid
has been accommodating In the Treasury ana the
banks Furthermore during that period goid
has flowed from the banks to the Treasury IN
regular course OF business. until the treasury
No longer needs or desires gold, and some other
outlet had to be found Accordingly. II Is now
offered in payment NJ checks. The people nave
seen little gold for several years WINE the
Monetary Commission and financial experts gen
orally have been wrestling with the currency
question. the immutabe laws Of trade nave neen
nj work solving at least In some degree the
problem Since the repeal Of the so-calIed Sher-
man law there has been no increase IN the VOL
ume OF currency requiring redemption IN go'd'
while the volume Of gold has been steadily
augmented Thus there has been not only an
increase in the amount Of circulating medium
but it's whole volume has been strengthened by
increasing largely rhe percentage Of underlying
gold reserve. With the constantly increasing
uJply of gold from the mines. 1t would seem
to be the part OF wisdom 70 relax the effort to
hold 1t In the banks and the Treasury and let
1t pass into the hands Of the people.
AS TO MONEY.-There Is as yet no sign OF
disturbance in the money market. This money
il slightly harder. but some large purchases OF
commercial paper have been made at rates
which indicated little fear on the part OF buyers
that money would be much higher for a consid-
cradle time 10 come Those who believe In
dearer money before long point to the congested
state Of the loans and deposits, and to the rela-
tiveIv small surplus reserve They think that
within a short time a large quantity of money
Will aow out 70 the country. is usual at this
time Of the year. for various purposes. on the
other hand there are good judges who believe
that the country demands will not he large,
and that there will be enough money here to
meet them without producing any apprecabe
effect on rates
TWO SEATS SOLD.-Two seats on the New
York Produce Exchange were yesterday sold by
auction was two seats at $3.50 and six at $50,
the last-named price being the lowest by auction
that had been recorded. Within year. how
ever there had been a private sale at S1o3.
Fifteen years ago seats sold high as $4,000.
THE CLOSE DJLL-Outside securities closed
dull and weak. Final quotations were Standard
OIL. 369a37l Glucose. common. 3SG3si; pre-
ferred. 9llkG92; Malt. common. 23A 924; pre-
ferred. ia 76: Standard Gas. common, 141n l46;
preferred 1904 1853: New-Amsterdam Gas. COM
mon 30d3111; preferred, 6Sg7Oh.
J. f. SEARLEs STILL HEIRLOOM f.
Searlee president Of the Western National
Bank. and secretary Of the American Sugar Re-
nning Company Sugar TRUST. did not sail FOR
Europe yesterday. as reported lie was at his
business as usual.
TO RATIFY TT.-The stockholders Of the
Equitable and East River Gas companies will
hold special meetings March to ratify the
consolidation Of the companies under the name
Of the New Amsterdam Gas Company.
A HEAVY NEUTRALITY-SUSPICIOUS. oil Trust
certificate. yesterday fell 70 $40. which the
closing price. On February 10 the certificates
sold at 44s making the decline rs points in thir
teen days.
TO BE SWORN IN-Colonel n. L. Swords
VIII De sworn in to-nhv az IL uepulS CplItCtoi
He succeeds the late ~. C. Williams who was
stationed at the Public Stores
THE ISSUE SOLD-Vermilye e Co have sold
the entire issue Of So 10000 New-Yor State
canal per cent bonds awarded to them last
Friday.
TEXAS CENTRAI.-The Texas Central Rail
road Company gives notice that April ! II
will redeem all Of It's outstanding first mortgage
8 per cent bonds at 100 per cent and accrued In
terest. and that interest on these bonds Will
cease on that date. Also that after March ]
these bonds may be exchanged at the office of
Moran Brothers for first NOR, gage bonds Of the
same company bearing interest al : per cent.
exchanged will be paid without rebate at the
time Of exchange.
SECURITIES LISTED.-The following have
been added to the Stock Exchange list: $4,000
additional first consolidated mortgage per
cent gold bonds OF the Nashville. Chattanooga
and ST. Louis railway; S577OOO additional
per cent cumulative preferred stock of the Twin
City Rapid Transit Company S34i2.OO0 addi-
tional general mortgage per cent gold bonds
with power to add to the list general mortgage
per cents not exceeding S1.O5S.OO0 Of the At
Gibson. Topeka and Santa Fe Railway Company.
and Si.0Oo.OOO 49, per cent general mortgage
gold coupon bonds with power to add to the
list additional bonds not exceeding $2.OOOOO
Of the Chicago and Northwestern Railway Com
pany.