New-York tribune., 1903-07-26
MINOR FIRMS NAY GO.
Continued from first page.

of closing out the securities at once at sacrifice
possibly TO themselves as we'll as TO the failed
Arm.
It is understood. although confirmation could
not be had from Mr.. Britt that one Taylor loan
was closed out yesterday by trust company in
Wall Street this operation accounting for the
breaks of ca points in Baltimore and Ohio pre-
ferred 1885 points in North American and 10
points in Rubber Goods Manufacturing preferred,
stocks which formed the principal part of the
collateral
The Stock Exchange committee securities
has ruled that certificates of stock in the names
of Talbot ]. Taylor & Co and w s. Stow &
Co.. dated prior to July "a are delivery up to
August To-
James r Keene arrived at the office of Talbot
]. Taylor & Co. at about IL o'clock and spent
several hours there He had nothing to say for
publication supplementary to his highly inter
esting statement OF Friday night. Much curios-
ity has been aroused to the identity OF the
persons referred to by Mr.. Keene when he said,
speaking Of Talbot ]. Taylor & Co: They have
allowed certain people to stick them and they
are suffering for it," There were many who
believed that Mr.. Keene did not seriously intend
TO place large measure of blame the mem
bers OF the firm. the closeness of his relations
with which. it pointed out was indicated
partner in the firm and his own headquarters are
in the firms offices, but also by his public
statement in March that the suit begun by Tai
bot ]. Taylor & Co. in the Southern Pacific mat
ter rs backed by me- and has been brought bv
my instruction"
There was little movement yesterday in
Southern Pacific, which ranged between 42h
and 40. and closed at Al, q per cent under Fri
day. The stocks Of the Rubber Goods Manu-
featuring Company, on the contrary, of which
corporation Talbot J. and James B. Taylor and
Mr.. Keene's brother officers suffered Sc
verely. The common closed on Friday at 18%
and the first sale yesterday was of 1000 shares
at II. drop of Ga points. This was the lowest
figure reached, and the stock closed at 1874 a
net decline Of 512 points. The preferred Jared
even more badly than the common opening at
6O 10 points under Fridays Close and ending
the day with net loss of points. The United
States Rubber Company stocks declined in SYM
pathy with those of the Rubber Goods Com
pany. the preferred losing II points and the
common closing at 8. decline of IA points
Mexican Central, with which W. l.. Stow &
Co. have been prominently identified, closed
at 1l12, a net loss for the day Of only three
quarters of a point. Des Moines and Fort
Dodge, the control of which was acquired in
May, 1902. by interests represented by w. L.
Stow and Edwin S. Hooley. under severe
pressure yesterday. Opening at 80, four points
down from Friday, the next sale OF the stock
at % plunge of II points. and it closed
at 151k, 211a points lower than on the preceding
day.
Other conspicuously weak stocks were Evans
vile and Terre Haute common and the preferred
stock of the Chicago and Eastern Illinois, the
former stock declining 1O1a points and the latter
231s
No explanation of their decline forthcom-
ing in the Street further than that offered by
the fact that Mr. Stow is a director of the
Evansville and Terre Haute, and that that
road and the Chicago and Eastern Illinois have
been rather closely related in ownership Con-
troll of the Evansville and TerTe Haute passed
in the spring of 1902 from the late General
Samuel Thomas and his associates to Chicago
and Eastern Illinois interests, and Edwin S.
Hooley, who had been the vice president of the
company, succeeded Z. r. Thomas as president,
a post which he still occupies. Soon after the
change of control the new management decided
TO pass the dividend on the common stock in
CeveTy of apparent deficit of 100000 in
stead Of a surplus upon examination of the
company's books A majority of the stock of
the Chicago and Eastern Illinois was acquired
in August, 1902, by the st. Louis and San Fran
cisco.
According to the latest Directory of Di-
rectors," George H. Ball, Henry Sebert and
II. H. Parker, jr., the three Chicago and East
ern Illinois representatives who entered the
board of the Evansville and Terre Haute last
year are still directors OF that company.