Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1872-12-05

and Hertlern W isconsin.
- 100
We clip the following from the
Erening Wisconsin, relative to the re-
cent .'corner'' in North western r. r.
stock, on Wall Street. 1t is amusing
TO an outsider, who has not a cent to
gain or lose in the fluctuations Of
stocks, to watch the gropplings Of the
Bulls with the Bears, and rice uersa,
In the recent contest, where millions
were staked and lost or won, by the
%manipulations Of willy gamblers, whose
money makes their iniquity honorable,
three noted personages figured to an
extent hitherto unknown in the history
Of r. II. Stock gambling, viz; Wander
bilt. Gould and Drew. Drew, it seems,
was worsted but will recover with a
slight loss Of ouly 200, 600 dollars.
Vanderbilt has been endeavoring to
get possession Of the Chicago and
Northwestern X. X, and without doubt
will be successful. Undoubtedly such
change in the conduct of this great
thoroughfaro would be advantageous to
Wisconsin interests.
TIE CORNER IL NoRTHwEsTERN
CoMMoS.-Ths corner in New York
on Northwestern Common on Saturday
afternoon approached its climax, the
stock being sold at 800, or 200 per
cent. premium above par. II has been
ruling for the past year at about 20,
but most Of the settlements have been
made on the basis Of $50, or 100 per
cent. above the ruling rate. 1t is sup
posed that Daniel Drew has sold o.
900 shares short, or to tho amount of
81, 700, 600, and that his loss, if set
tied on the basis Of the last quotations,
would be s., 600, 900. But %"uncle
Daniel generally gets out of those
complications with the loss of $500
900 or there abogts. Jay Gould is
represented as the evil spirit who tempt
ed the pioss Daniel to sell Northwest
ern common short It is not yet known
whether Vanderbilt will get possession
Of the Chicago and Northwestern
Railroad Co., and eject President Ira
cy. Vanderbilt got ont his tomahawk
and scalping knife with the intention
of hutcheriug Tracy, but it is uncertain
whether he has succeeded in getting
Tracy's whole scalp,
In some respects we sympathize with
Tracy because if the Tracy regime
continues in power, it is quite sure the
Lodi Il Il. extension will be built next
season, Bnt it is not certain what
would he the Vanderbilt policy if one
of his instruments should be placed at
the head of the Northwestern r, r.
Some think he would Immediately or
der the Northwestern to pro rate in
Wisconsin, that is, to carry freight
cheaper to Milwaukee than Chicago.
OF course such a change would be i'm
menscly to our advantage, as it would
give us what we are now deprived of
through an unjust discrimination,
namely, the natural advantages of our
position. The market price of wheat
and eorn is always in our favor, but
our superiority in this regard has been
neutralizcd by the low rates at which
freight has been taken to Chicago by
the Northwestern Il. r.
The amount of common stock of
Chicago and Northwestern Il. II. Co.
is $l4, 40, $50 and of preferred,
$50, 4l5,Ol3. 1t is supposed that
the Vanderbilt ring bought $50, 000,-
600 Of common stock and therefore
the shorts have sold $4,000, 900 in
excess of the supply. Unless Wander
bilt has also purchased a majority of
the preferred stock he is not yet sure
of obtaining the much desired control
Of the Northwestern Railroad. The
of new directors takes place
in June next.
TERRIBLE EXPLOSION IN MILwAu-
" "