New-York tribune., 1899-02-02
WALL STREET AND EXCHANGES.

OUTSIDE NEUTRALITY-SUSPICIOUS. Irregular and
ouiet Standard oil closed at 469n41 against 4'iH
478 on Tuesday. Last prices OF other prom'hent
issues we're: Otis Elevating 39l4; preferred sSa
SOL: New-Amsterdam Gas common. 3a34%; pre-
ferred 6sa,: Wagner Palace Car, 19o1lS3; CONT
mental Tobacco. common 34d3ii: preferred. '3'su
74l1: Air Power 6od70. against 67@6o on Tuesday
AMERICAN STEEL AND WIRE.-Trading III
American Steel and Wire new stocks on the cur u
was heavy yesterday. the common selling from 4S1a
10 l9a. and the preferred at 90. The stocks nave
been placed in the unlisted department Of the Ex-
change
FOREIGN TRADING.-London was heavy
seller in this market the opening, disposing OF
about forty thousand shares OF various stocks IN
cluding large lots of Denver common and preferred
Subsequently foreign house bought about hve
thousand shares
PACIFIC NIAII.-Weakness In Pacific Mail fol-
lowed reports from Washington that the prospects
for the passage Of the Subsidy bill were unfavor-
able
SECURITIES LISTED.-The common stock Of
the International Silver Company has been placed
In the unlisted department Of the Stock Exchange
OFFER TO INVESTORS.-Poor Greenough
bankers. Of New-York and Boston. offer FOR sale
to investors at par and interest Slo0,G0o Gramercy
Sugar Company first mortgage 8 per cent gold
bonds. due October |. 1923 The bonds are paTI
OF an authorized issue Of Sl,50o000, the additional
10000 will remain in the treasury OF the company.
They are secured by first mortgage on the real
estate. property and plant Of the company. and
are redeemablo by operation OF a sinking fund at
10 per cent. The Central Trust Company OF New
York Is trustee Of the mortgage. The object OF the
issue Of the bonds is enlarge the works TO
capacity Of 10000 Of cane and TO add re-
hning plant thereto. The Gramercy Sugar Com
pany Of New-Orleans organized in November
1895 and acquired the properties OF the Gramercy
Company Limited, which was dvidend-payihg
concern. organized and In operation since 1879. The
statement OF quick assets and liabilities as or
January !. 1893 shows a surplus Of $2s53S5' after
making provision tor interest (S66OOO for the entire
year OF 1899 on the bonds OF the company. AppI-
\ ork Stock Exchange Subscription books Wi! be
opened on Monday February b, and VIII close on OF
before Wednesday. February s.
}. T. MORGAN & col. +. Morgan Co, re-
organization managers OF the Columbus Hocklng
Valley ana Toledo Railway Company, announce
that holders %. over 93 per cent OF the bonds and
over So per OF the stock nave deposited tnelr
securities With them and assented 10 the plan or
that further deposits OF bonds and stock and fur-
ther assents in respect OF bonds deposited with
them Will be received up to February 10 next upon
payment OF a penalty OF per cent upon 0 per cent
bonds and z per cent upon preferred ana com
mon stock They further inform holders OF their
reorganization certificates or receipts for preferred
stock and common stock of the Columbus Hooking
Valley and Toledo Railway Company that an In
starnent of one-half the amount OF cash payable
for stock OF the new company, which depostors OF
the present stock are entitled 10 acquire Is caeu
payable at their Offices on or before February 70
The organiZatlOn certificates or receipts must Oe
presented so that payment may be lndorsed there-
on. The sums to be paid under this call are equdl
ana s. 70 on each share Of the present common
stock