St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-18
History CT IN Last Deal in st.
Paul Stock.

Paul Stock.
Special to the Globe.
CHICAGO, July Eff Armour should
for any reason drop his ST. Paul stock
said the broker who manages the stock de-
partment of the largest commission house
in the West, ''there would be such a howl
here at Chicago aud over the West as was
never before heard. Unloading by Armour
would of course demoralize prices, and as
the stock has been bought in enormous
quantities by Chicago and Milwaukee peo-
pie their losses would be terrible.
"Much money made on st. Paul stock
HEREOF
well" continued the speaker, ''there
has been more money on the bull side of ST.
Paul by traders who bought because Phil
Armour went in the directory or that rood
than would be needed to start a bank.
When his election occurred st. Paul stock
was about IS. Yesterday it sold above n.
Among the earliest purchasers were Marshal
Field, Sid Kent, George vi. Pullman, Sam
AllertOn and \. h. Fairbank. Field, Fair
bank, Kent and Allerton rushed in and
bought the stock without waiting to
CONSULT ARMOUR,
buying simply on their knowledge of his
methods, and very well aware of the fact
that he would not go into the road without
having first some sort of a guaranty that
he would have a voice i'm its management.
After they made theirpurchaSes they called
on the packer, and their conference with
him led most of them to make still larger
purchases. AlleTtOn took himself about
1900 shares, and if ne has them now his
profit is not much under 500, 900. Just
as sOOn as Armour got bach from the first
ST. Paul trip he made, his own operations
became apparent, and then all the big
Chicago traders were worked up. Orders
were all the while going over the wires
from ArmOur'S Office and every other pri-
vate wire in his behalf for purchases, and
the stock began TO be marked up. BY this
time all the Armour following was alive to
the fact that the ''Old man. was on Wall
street in dead interest, and as some of them
excitedly had stated. had the st. Paul
shorts by the pants" John Cudahy became
4 buyer with the dash that always marks his
operations. Y. b. Ream, Lester. Pullman
and Nat Jones came in, too, and within a
week after
ST. PAUL ELECTION,
at least 100, 900 shares had been taken
by ChicagOans and recruits were all the
while being made. The winnings of the
buyers are, Of course, hard to determine.
Men who buy on 4 great scale don't talk of
their purchases, and men who buy on q
small scale invariably exaggerate. Lester,
Eldredge and COlborn have done the bulk
of the local business. The concerns eSti-
mate that all the way from $3.50, 600 to
$500, 600 profit has been made by Chicago
traders on st. Paul alone within the last
ten or twelve days. The brokers
who have not been so fortunate
in getting the orders put the winnings at a
lower figure-S20O, 600. Both these eSti-
mates are outside of the purchases of Ar
mOur himself, which began with the private
purchase Of the deceased Mr.. Millbank's
stock, and which have aggregated not less
than so, 600 shares since. ArmOur's pur-
chase began at about sixty-fve and all the
brokers unite in saying that what he has
bought he has hung onto, so that his stock
averages a very large profit, probably $780,
900.