The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-26

ne woro 90 inclined, at least sa.O08.0O0 for
which the Rsm h indebted to him. Mr..
Keene Ia the kind OF man who would keep
stiff upper lip az long an possible and put
hin best foot forward. am not willing to
gay that he has been broke by this failure,
but do say that shall be greatly surprised
IL, In the end. 1t ID not shown that he lost by
the failure at least $4,000, OOo. and this does
not take into account his losses on the
Southern Pacific pool
TAKING OVER SOUTHERN PACIFIC.
Wall Street Inferred, when 1t learned OF
Mr. Britt's statement to the effect that no
had practically arranged for the sale OF
some Of the loans OF the defunct Arm, that
he referred to loans made on Southern
Pacific collateral II was said yesterday
that Il firm of brokers acting for Mr.. Harri-
man would purchase all the Southern
Pacific stock which Taylor & Co. have
pledged at o price which would leave a
margin over the loans for the benefit OF the
firm.
MIR. KEENE DOWNTOWN LOOKING I'LL.
Mr.. Keene got down to the Office Of lay
lor l. Co. about 10 o'clock yesterday morn
ing, and he left there about 4 o'clock yes
tertny afternoon for his home at Cedar
hurst. where no will spend most Of Sunday.
Those who had not seen the veteran stock
operator for some months were rather
shocked at his appearance. As he walked
from the elevator through the corridor
to the office he leaned heavily upon his
walking stick, and 1t was remarked that
both his hair and beard were very gray,
much more 40. In fact. then they were
three months ago. His complexion was
sshy gray. The limp in his gait may have
had much to do with his general appear
snce. and that la caused by bad knee
from which he has been u sufferer for
many months.
When the market opened yesterday
there was, as might have been expected,
bottled-up excitement all over the moor
OF the Stock Exchange In the first hour
the market was fairly strong Then came
a sharp decline. followed by partial re-
coveries. but at the closing. prices all along
the list were lower than at the closing on
Friday night. The total sales for the day
were i48, 900 shares, against l,3oo.o 900, total
When Wall Street went home Yesterday
noon 1t was worrying about what would
happen at the opening on Monday. 10
morrow is the delivery day for the stocks
sold on Friday and yesterday. 1t was
said that the real result OF the failures OF
Friday will DO known before noon to~mor-
row II, as result OF the deliveries, no
other firms collapse, then it will be taken
pretty well for granted that the worst IL
over. The rumor factory hung out fine
collection Of catastrophe bulletins before
the market closed yesterday noon. They
had at least four firms on the anxious seat
The Stock Exchange Committee on Secu-
rites ruled Yesterday that stock certificates
In the names Of Talbot j. Taylor Il Co.
and W. L. Stow 4 Co. dated prior to July
"a, 1908, are a delivery up 10 Aug. is. II 10
usual in cases of suspended Stock Exchange
houses for deliveries TO be made at once.
The exception was made in these two cases,
evidently, to enable the two firms 10 shift
their loans, il possible, and transfer the
collateral to other names.
W L. STOW co.
Daniel De Wolf Viewer, the assignee Of
the brokerage firm OF W. L. Stow Il Co.,
was busted until late yesterday afternoon
with a. force Of accountants In going over
the affairs of the firm. Mr. Viewer will
issue a statement tomorrow.
The common stock of the Mexican Gem
trail Railway, the slump in which led to the
failure of Stow h Co., opened at IS In the
market yesterday, but ran off TO ny on sales
of 10000 shares 1t closed at 1lx. AM
other sequel OF the failure was the slump
in Des Moines and Fort Dodge, which de-
clinsd from SO to 1872. a net loss from Friday
OF 2lL points, on sales Of 1 900 shares. W. l..
Stow was interested with Edwin 8. Hooley
in the purchase OF the property In May
last.
W. L. Stow and Henry Coolidge, who
compose the firm of ". L. Stow h Co.,
filed yesterday an assignment TO Mr.. Viewer.
Mr.. Stow also made an individual assign
Denf