New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01
CATS AND DOGS 60
NO UNLISTED STOCKS.
.Stocf Exchanges NeC Rule IN
Effect Today.

To unlisted department 90 the New York
srock Exchange. which had been more or
less stigma CT the institution ever since
r. vas created, about 1881, ceased 10 exist
a. Inc close Of business yesterday. the er-
change authorities having voted last July
% discontinue that department beginning
Anr.I !.
In the eight months that have elapsed
since the decision so abolish the unlisted de-
rs-tnlent vas announced ali but half a
oozen Of the many industrial. mining and
other comnanies that formerly had their Sc
ruritiss listed in that department have had
them transferred 70 the regular list
Among the corporations that rook this &C
ton WIRE he American Smelling and Re
lniur Company. American Sugar. American
snun American Heet Sugar. i5utterick
Company. National lead, RspuhIc Iron ana
S;eel. American Locomotive, Arn5isanlated
Copper. Anscon6a Copper. American
woelen. National Biscuit. American Grass
7vvine. Railway Steel Spring and the Ameri-
can Lnseed COMPANY
The last company TO have fits securities
YIscod on the regular list was the Great
Nor-Lern Iron Orr Properties Il nie5 its
Application on "Wednesday wi:h the COM
rnittee On stock list OF me exchange. and
vas held yesterday. al which -he request Of
to company was granted. The securities
transferred were l,5saooo shares trustees
certificates % bCncAcial interest
Tee statement accompanying the a77lica-
ten SHOWS that TIE company holds tfe en-
tire capital stocks a. She West Missa be
Ind Conpan.. Limited; Tyler Iron Mining
Germany. Arthur Iron Mining Company.
Fillmore Iron Mining Company. Harrison
Iron Mining COMPANY. Jackson IRON Min
ing COMPANY. Polk Iron Mining Company.
Van Buren, Iron Mining Company. sleo.o'
out - she s906.ea9 capital stock OF the
Leonard Iron Mining Company and s5s7s'sJ
Of the sssS. 81 capital stock Of the North
star IRON Company. These companies con-
i-oi. By ounership or leasehold. 65.oal acres
q. land IN the Nissabe iron ore district OF
Minnesota. estimated 10 contain upward OF
s,.l0s0Rso tons Of iron ore
me s-o-1-sutes whose securities were not
transferred from the unlisted department 70
tie regular list, and that have now been
s3-ooped from trading on The Stock ~
change. were the Distiling Company Of
America. Federal Sugar Refining, Inter
national Power. the Metropolitan Street
Railway nnd ssyen OF its former sub
salaries and three small mining companies.
As ample notice had been given Of the
r,-orosed disc1Tstinuance Of the unlisted de-
lzrtment il * presumed THAI these concerns
- longer desire TO have their securities
dealt IN on the big board j. the case OF
the Metropolitan and its former subsidiar-
IS. Il Was stated several weeks ago that
80 effort would be made TO have their
securities placed on tas regular list, owing
q tie fact that they were very ins ctive
and were regarded as lover the counter"
socks. Inc only open market for all these
.ssues viii be the curb.
International Power stock several years
exc suffered from z break similar TO those
1le- took PLACE recently in Rock Island
common and Columbus AMI Hooking. As IN
The case Of the latter. a rooi had been
<orucd TO boost the price OF the stock, and
under the rnauipulative tactics OF the pool
managers. one OF whom was Cyrus Fled
Judson, the price Of the stock was advanced
I'm Jess than a month from around so a
share 70 s1as The high point was reached
on April 80 $780,. shortly after the opening
- The market. Then something went wrong
~ith the pools calculations and the stock
began to 90 down in leaps, closing al 10.
Il was said later that there had been a
hlunder IN orders, that q large selling order
hsd been given without any buying order
being put in 20 take care Of il. The next
CAV the stock continued tts decline. drop
rinE 70 s. AS q result Of the collapse
several suits were instituted against some
q the pcol managers by persons who had
i,zt heavily IN the slump, and much litiga-
ton resulted.