New-York tribune., 1902-05-07

I'm going to see that Henry Brothers & co. get
it. ] am not accusing anybody, but simply say
ing that it's up to somebody
From another source IL was learned that many
of those interested in the affairs of the three
suspended Stock Exchange firms do not expect
that any of them will issue statements until
it is finally settled whether not DR.. Webb will
take up any of the stocks that have been pledged
as collateral by Mr.. Meyer as any such action
on DR.. Webb's part would materially better
the condition of the three firms. and all of them
are hoping that this desired relief will be afford
ed them within the week.
One of the confidential employees of Henry
Brothers & Co said yesterday that the situation
Of the firm had been considerably improved by
the rally of Dominion Securities that the
stock in which the firm most heavily in
volved He added:
Things look much brighter for us now than
they did twenty-four hours ago. In fact, the
situation is very encouraging and hope to
pay 100 cents on the dollar and resume"
HOLDINGS OF MEYER STOCKS.
1t is understood that Lockwood. Hurd & Co.
held at the time of their assignment about S400,-
600 OF Meyer stocks, a little than the
quantity bought by Henry Brothers & Co late
last week. the inability of the latter firm to Sc
cure payment for which tender of delivery
is announced to have been the immediate cause
of their failure. There rumOrS in the
Street yesterday that interesting developments
might be expected when the identity of the per
firm from whom Henry Brothers & Co.
and Lockwood. Hurd q Co bought these stocks
and to whom their checks for 100000 $780,
600 each were paid. should be disclosed.
At the offices of OffenbaC & Moore the MEM
bers of the firm We're present most of the day,
but We're not communicative. Nothing to say"
said DR.. Robert Offenbach when asked about
the bankruptcy proceedings, and whether or not
the firm would issue a statement. Mr.. Moore
simply shook his head emphatically in the mega
tive when the same questions were put to him.
M L. Muhleman.
Meadows Company. said. in regard TO a pub
Iished statement that the company had no equity
in the Meadows property:
The company owns the property, and the
meadows are still there. The property is mort
gagged for $1,000 600, and the interest has been
paid. The mortgage is for twenty years, and
cannot be foreclosed. unless there is a default
in the interest payments. The next payment is
not due until July ], so we have practically
sixty days in which to raise the S3OooO which
will be needed then. The company has no LA
biIities except for small current expenses and
the payros of the men working on the de-
veopment of the property. All these claims Will
be met and the interest will he paid on July l.
The sales of Rutland preferred aggregated
1900 shares, the price ranging between ?t12
and 81. The last sale was at ", net dechne
for the day of points There were no tranSac-
tions in St Lawrence and Adirondack, the nom
inal quotation for which at the close was %
bid. 80 asked.
which closed Monday at 30 were made yes
terday at 40 and 80; the closing quotation was
% bid. 10 asked.
broken lots but fetched only from IL to 1854
on 100 share lots with about 6OD shares dealt
in. and the stock closed with II bid and is
asked.
Storage Power advanced from : to 5l9 on
single sale of 100 shares. and closed at > bid
and asked.
North American Lumber and Pulp was per
sstently offered at 80, without being dignihed
by any bid higher than .. At the close it stood
at 80 asked. bid.
Some of the noteworthy net gains in the gen
eral list yesterday were in the Readings. which
we'll as the entire market, were helped by the
growing conviction that the threatened strike
of the anthracite coal miners would be averted
the common advancing 3A points, the first pre-
ferred 2H and the second preferred 3 points
LaCkawanna advanced points; Delaware and
Hudson. }A Erie common "a; General EleC-
trio 61a Illinois Central, "a; Louisville and
Nashville, "a Nashville. Chattanooga and ST.
Louis, q New-York Air Brake. 5A; Pennsyl-
vania. >; Panhandle preferred As; Union Pa
cifc. 112 Westinghouse, Q; Wheeling and Lake
Erie first preferred. - Wisconsin Central COM
mon and preferred. each 22s: Snuff. common.
~, and preferred ;; Canadian Pacific. 3h;
Monon, "a: st. Paul pa Northwest, 1. and
Rock Island, 29s.