St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-16
WALL STREET CHAT.
Talk About Men and Matters.

1t has been given out Officially" that it
was useless to consider Jay Gould factor
in the market. He had put himself in a
position where it was not necessary to do
anything to change the natural order of
things, and he proposed as soon as warm
weather came to devote more time to yacht
ing than to Wall street operations. The
announcement naturally produced a general
smile, and the street." using it's own Ian
guage, at once cOppered the prOnuncia-
mento. In other words, the spectators
applied directly opposite meaning to it.
The street. is always skeptical in regard
to Gould, and there is reason for it's
skeptism. Gould is believed to be extens-
lively interested in the market. He has
taken Pacific Mail, but exactly what he
proposes to do with it would be idle to
propheSy.
Washington E. Conner, Gould's business
associate, also proposes to forsake Wall
street almost entirely this summer, and go
cruising in his yacht, the Utowana. Here
is cause for another smile. Connor is the
commander of the little army of brokers
that Gould keeps supplied with orders the
year round. He directs their movements
and, in short supervises the Gould manip-
ulations. He is the fountain head of Gould
information, and there will be dreary
time in Wall street if he goes away and let's
the dust settle on the ticker at No. II
Broadway-s second floor front.
~
But this is not all. Young George Gould
bought a seat in the board, and the natural
inference was that he proposed to keep
things up in lively ma nner. He has
stopped going on the floor, and as the
yachting season is at hand and cunning
and fishing is as good as ever, he, too, will
be missed from the 'sstreet." The indica-
tons are that by the middle of June the
grass will be sprouting through the paving
stones in Wall street, and moss will be
growing ON the tickers. The stock eX-
change may have, after all, to be converted
into roller-skating rink, as Rufus Hatch
predicts.
wv
i Charles F. Woerishoffers retirement
from active membership in the firm of
WoerishOffer & Co. does not mean that he
is to leave Wall street. He will be just as
great figure there as ever, if not greater
by reason of the increase in his prestige
impaired by the extensive nature of his OPP
erations of late. He is bold and brilliant
operator, dQl 10 gall VI lOSc quarter VI
even half a million is no very great thing
for him in times of active speculation. He
and Addison Cammack and Henry M.
Smith are pulling together and make ire
mendously strong bear power. Those three
appear now to be shaping things to get
control of the West Shore and Nickel-Plate
roads in order to hitch them together and
make up an independent line between New
York and Chicago. They could use such a
line to great advantage in swaying stocks.
~
Many people have asked whether Albert
Fink, the Trunk Line commissioner, ever
speculates in stocks. He does not. He
holds stocks, but they were bought out
right. He never purchased share in his
life on margin. The fact is, he is not ac-
quainted Intimately with the ms and outs
of stock operations, although most excel
lent judge of the value of stocks and bonds.
He keeps himself well informed on the
financial organizations of roads, which is an
explanation of his ability to determine the
results of their fiscal operations or their
earnings.