New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-17
BIGsTOCK DEALINGS AGAIN.
TRANSACTIONS GO BEYOND MILLION
SHARES - NETWORK AIR
BRAKE ACTIVE

Again Yesterday the dealings in stocks on
' the New-York Stock Exchange exceeded mill
ION shares The exact amount 81 the trsnsac-
'',,ous was 1.O57. sol shares. The course Of the
stock market was irregular. The opening was
buoyant but later there was q reaction. ana
the closing was heavy. Some Of the net
changes. comparing the closing prices with those
Of Saturday. were.
= Advanced-American steel and Wire p.
: American Steel and Wire preferred IL. Chicago
and Eastern Illinois 2i.. Consolidated Gas =
Metropolitan street Railway %, National BIS
cult National Biscuit preferred l. New-forS
Air Brake 1854: Pennsylvania Railroad a.
Panhandle" o. Panhandle preferred ~
United States Leather preferred u
f, Declined-Brooklyn Rapid Transit ~, Cen
eral Electric new IL. Kansas and Texas pre-
, 'rerred 7. Lake Trie and Western preferred D.
, Louisville ard Nashville l. Manhattan ~
Northern Pacific /. Northwestern l. Omaha rs
southern Pacific Is. Southern Railway pre-
, feTTed Ia. Union Pacific rs.
Somewhat lower prices were recorded COR
bonds The total sales of bonds 'par vaiu9
were S4s71j01
The neteoric fight Of the stock of the New
York Air Brake Company continued II opened
AZ l5l. and ran rapidly W 70 1872 The Closing
price was 1919 which was a gain Of 1914 per
cent from the closing price on Saturday Inc
transactions were not heavy being 1870 shares
FOR the dsy. The advance in the stock Is pased
on large orders FOR brakes secured from lead
ing railroads by the company. and on the eN-
yectation by The buyers OF the stock that the
validity If the compsny's patents will be af-
Hrmed IN the United states Supreme Court.
The company got a decision IN its favor in the
lower court last year. and the westinghouse
Air Brake Company. which brought the pro-
ceed:nss against II. took an appeal. Inere nave
recently been reports that an absorption OF the
,Sew-York company by the Westinghouse com
pany was Impending It has been intimated
that 200 or more would be paid by the west
tnghouse company for the New-Tork company
stock In April 1895 the stock sold on the
Stock Exchange at IL The capital stock OF the
company is 100000 The last dividend was
sn 1896 when per cent was paid The dividend
s-ras stopped on account of the patent SUI,
against the company.
The earnings az pressnt are large Inc
bonded debt Of the company Is only s2o0Vp
sEx-Governor Flower Is one Of the principal
-ttockholders The conpany's works are at
watertown. y. Y. the country home Of MI
Flower
On the curb there was much activity In the
stock Of the American Air Power Company. IL
opened al 81 against 4sis, the closing price
Saturday II advanced rapidly TO g. and closed
at g. II was reported that there vas 10 be
consolidation Of the American Air Power COM
pany and the International Air Power COM
, yany. In which Richard Croker and Joseph
Letter are interested. Some Of the buying Of the
American Company's stock was said to be By
.nterests identified with the international COM
Jany. J.,
= Under the influence Of the great expansion IN
business in securities, the price OF seats on tl.1
.-Sevr-York Stock Exchange continues 20 ad-
vance 4 seat sold yesterday for So-VvV
10 which has 10 be added 81 600 as the inlta-
lion fee The preceding sale was az sol.op1. IN
1881 Stock Exchange seats sold as high as
'S"7-"pT dim