New-York tribune., 1908-03-29
EXCITING DAY ON CURB.
nEBUT OF YUKON GOLD.
Most Strenuous Trading in History
of Broad Street.

4. The introduction of Yukon Gold stock on the
h market yesterday resulted In the most strenu-
s DAVIS trading ever experienced by the Broad
.as, brokers. The excitement all that the
*. enthusiastic followers Of Thomas W. Lawson
bo stands sponsor for Yukon Gold, could have
desired
yotody knows what was the opening price Of the
,,ch advertised good thing" who made the
.lo one thing. however. is certan-those who
s6 the stock sale did not wait until 10 O'Clock
:. heein the days trading. Buying and selling
xere In full blast some fifteen minutes before the
official c,,1niEs hour
The broker who had the stock for sale dis
.-,rtor in chief for the Boston operator had
,ckea out score of the huskiest curb brokers'
end intrusted 10 them the peddling Of the stock
,.s. as The market would absorb it In all proba-
.n-v the opening wide one, with range
.,ruhe-e between and q. There food OF
,r,,nr orders the start, but there plenty Of
.,ocs 10 20 around. and no one was disappointed.
One thing was noticeable early In the trading.
.nd that that the buyer OF single hundred
.o-ss always had TO pay the top price. while the
b-oker who wanted one thousand shores or more
res generally accommodated the bottom.
throughout the session the price nuctuated so
,45eiv and so rapidly that there often diff
,e-e,oe OF a full point between the quotations on
nr7oste sides Of the market, which gave the nim-
hie traders excellent chances TO scalp fractions.
The official records give the low price as and
,,e high price IL. These were the exact limits
.e- hy Mr. Lawson in his preliminary advertise
,ns,-s Il impossible. however 10 find buyer
Tho got any Of the stock low 5. Many were
accommodated az ~. II estimated that 4oo.-
eoa shares changed hands. but II does not seem
r-otatle that the Lawson brokers disposed Of more
tsan 200 600 shares OF actual stock.
7, srsre OF a score of extra mounted policemen
,s -1anv on foot, Il was almost impossible for
,he 70 control the crowd Of brokers and onlookers
,hst blocked Broad street early O'Clock.
Many persons were knocked down and tranpled on
END tv 1e o'clock the active brokers looked If
they had been engaged in an intercollegiate foot
bal game
added 10 the noise made by the brokers and the
messenger boys the stentorian cries from the
osces overlooking the curb market where thou
sznds OF customers shouted orders down to the
smuggling shrieking, fighting brokers below. The
FACT that the trading stopped after noon was
due more the exhaustion OF the brokers than to
anr desire 20 obey the rules which seemed to have
been waived for the occasion
The buying and selling OF Yukon Gold overshad-
owed everything else on the curb and, indeed.
seemed to cast its shadow upon the Stock Ex-
change itself Customers Of brokerage Offices of
the ul1ra-conseryatiye class deserted the tickers
snd tetook themselves to points OF vantage to
watch the struggle the curb Many caught the
buying fever and took few hundred shares
lust for flyer" At the close Yukon Gold WIS
quoted al 67s bid against ~ bid at the close on
Friday.
After The close of the market il was rnofacally
reported mat IIe governors OF t1e STOCK Excndnge
dd look with favor upon the prominent part
which several Stock Exchange firms were playing
ir the Yukon Gold episode. and It said that
there might be some disciplining.
Harry Content, head OF the Stock Exchange fru,
Of Harry Content & Co, who mentioned in
the Lawson Advertisements as having charge Of
the distribution Of the Yukon Gold stock. sent a
httsr after the close Of the trading r. H.
Thomas president CT the Stock Exchange, IN which
he said:
The publication OF my name in certain advertise
ny or consent. and is in contrayention of my posi-
fion as loyal member Of the New York Stock Ex-
change
The Yukon programme has gone through from
s'art 10 finish L mapped il out in the beginning
! said Mr. Lawson last night That is to say. a
eqaare deal 10 the Street and 10 the public, so that
there would be Objectionable feature which
soud reflect either on the property or on the peo-
PIE owning il; the goods have been delivered ac-
cording TO the programme There were sold in the
fsf half hour, near can make out. about
la@ shares around 50 90 125.ebD around s. %. soo
90 al IS and 259eo between IS and Sc 90
The only unexpected thing that happened was
that trading began on the curb fifteen minutes be-
FIRE 10 o'clock and considerable stock was sold al
around IS This was no affair Of mine or OF any
one connected with the proceeding. Notwithstand-
ing tnat the stock could have been sold at from s
np, il put sale az just the figures adver-
fise5 as soon as trading began officially.
II lHitS -tlSht years Ia -'oChS "1'' ~
known Of anything that went so smoothly ana
fairly An idea of the difficulties surrounding this
deal may lie had when I say that one prominent
house received a telegraDaic order from San
Francisco house fer 5000 shares. another for 1904
and another for 5000. and still another house FOL
reH from St Paul bank. all at the market, and
which course. could not be executed until some
further recification of the kilograms had been
made.
While nv end Of the business could cease Win
the sale Of the stock to-day will use my best en-
dsavors that la-e coners from the country
-sceire this stock next week from those who have
bought chearly not more than u 90 10 ss-ih
e,her words that the fortunate ones who received
n. stock between g 30 and IS do not receive exor-
ttsnt profits at the expense of the investing pup
u even though il necessuates my resurning Iny
sdgertiEng campaign TO that end