Show withdraw from frol wall st street reet ITH tho the verification of the report W that charles G gates had sold his sent seat on the stock exchange there is 13 chronicled the last element in tho the withdrawal of 0 the matoses from active personal participation in the affairs of wall street mr air gates sold pis ils seat for or which marks another new level drop in the price of seats the last previous sale having been at 59 mr gates sold his seat for the same amount at which in 1901 he be had pur chased it since then seats on the exchange have sold as high as when the firm of 0 G gates co was dissolved last year the quoted price was this sale by mr gates drops the final curtain on the stock exchange career of himself and father john W gates the firm in which the latter was a special partner was previous to its dissolution one of the largest speculative firms in wall wall street and was a powerful factor ln in market affairs its change transactions were very large and its personnel of CUB bomers formidable when father and son left for europe after the dissolution of their firm wall street believed their losses had ran up into the millions because of the decided turn of the market against th the e position which they were believed to have maintained the gadesis batese s stated then however that they had not incurred tho the losses that were attributed to them although john W gates was not a member of the stock exchange he wad one of the largest operators of his day besides the firm of C G gatos co he was connected with several other commission houses As am for the gates firm at the time of its dissolution john W gates said that during its career it had done about eight per cent of all the business doncon done on the stock exchange in addition it had done a huge volume of business on the other exchanges and in the outside market |