St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-25
s3O,OOO,OOO AHEAD,
Jay Gould Handily Scoops
in Everything in Sight in
Wall Street.
Stocks and Bonds Shrink
$s0O,O0O,O00 in Value in
Few Months.
Most of the Money Is Gath
cred in by a Few Spec
ulatOrS.
The RoekefellerS and Addison
Cammaek Among the Big
Winners.

change since June amounts to $500, 000,-
800. A comparatively few men got a
share of the money that was lost.
"You can count the winners upon
your fingers" said veteran broker.
"Where one man won thousand lost"
The greatest winner was Jay Gould,
whose present and prospective gains by
Ihe upheaval will easily net him $50, 000,
zoo. Mr.. Gould is said to possess an am
5ition to be the richest man in the
world, and his last brilliant deal in the
stock market will give him big boost
toward the goal. 1t is not in money
alone that Mr.. Gould comes out a win
ner, out also with fame and prestige
greater than ever before.
Mr.. Gould made at least S5,000,000 as
bear during the decline. He was known
to be Il large seller of Union Pacific,
Richmond Terminal, Pacific Mail and
AtchisOn, all properties which he de-
sired to acquire a hold upon.
When they had reached bottom Mr..
Gould covered with profit and bought
thousands of shares. Gould has his eye
on the Baltimore u Ohio road. and his
prestige will aid HIM toward obtaining
control of that great property. He has
VII iidliu 1.DUU.bUU SllulGS vi SbOCh .diIu Ilt
is liable TO increase his holdings to
100000 at no distant day. An advance
of ten points in the latter holdings would
mean profit of S20.000,000. Some of
the stocks have gone up half dozen
points since he bought them. Mr..
Gould is now the principal railroa
magnate in the world, aud his ambition
is again aroused. His health is good,
and he is said to be resolved to impress
upon the speculative community the
evident fact that he is alive and kick
ing.
The Rockefellers, ]. D. and William,
came out way ahead. They are under
stood to have been short of the Northern
Pacific and North American company
stock at high figures and they were the
heaviest buyers when the prices touched
bottom. They bought so much that
they are now in control of the Northern
Pacific properties. They came into
possession of 100000 shares of Northern
Pacific preferred in a single block. 1t
was great opportunity for rich men to
pick up cheap securities, and the Rookie
fellerS were not slow to perceive the
fact. Their winnings are put down as
s10,000,000, and will be as much more
when the stocks they acquired appre-
eiate in value, as they will surely do.
Cammack Big Winner.
Another big winner is Addison Cam
mack. the principal bear operator, who
began selling stocks four months ago.
Cammack is not daring operator, and
he runs quickly when the market be-
gins to go against him. As long as it
goes his way, however, he plays it heav-
lily and perSiStentIy, and that is what he
did in the recent game. When he got
up from the table it is calculated that
his pockets bulged out with S5,000.000
more than when he sat down. He
pounded the Northern Pacific stocks
without mercy, and his winnings OH
North a merican alone are worth $1,000,-
BOO. The men who figure as brokers for
the big bear made some money in the
deal.
A. H. COombs is credited with clear
Ing up S500.000, and William 3. Wheeler
as much more. Van Emburgh & After
bury, who are favorite Cammack brok-
ers, are said to have scraped S50O,000
put of the smash. James r. Keene, who
Is on intimate terms with the leading
bear, was not forgotten in the deal. He
received a tip in time, and he went
short of Sugar Trust around So and of
the Wizards at the top. Friends of the
eX-Californan say that half a million
dollars will about fill the bill.
Washington E. Conner made about
e3UO. 900. He did not turn in time, or he
could have made more. Mr.. Common
and Mr.. Gould are not the best of
friends now, and Jay did not give Wash
the tip to go short, but COnnor is SO
familiar with Gould's movements that
he soon saw how the tide sci and be-
came bear on his own account
larly well informed in regard to Mr..
Gould's plans, is believed to have made
H,000,000 during the troublous times.
Almost All Losers.
With very few exceptions the stock
exchange brokers lost heavily. They
all held stocks which rapidly depre-
ciated in value. and their losses range
from $4,000 to 100000 apiece.
John ID. Slayback, one of the quickest
and best known of the room traders, is
was bowling bull on Lackawanna and
Missouri Pacific, and he absolutely re-
fused to turn Until his losses reached al
most 81, 100000.
Deacon S. V. White could easily have
dropped 100000 by the decline in Lack
awana, and it is quite likely that this
was the case. Henry Willard was the
largest individual loser. When he
sailed for Europe last June Mr.. Willard
was worth S1U,000,0O0. His wealth was
mostly in Northern Pacific and North
American stocks, and these he was
compelled to sell in order to raise cash
to keep his margins and contracts
good. 1t is computed that Mr.. Willard
losses will foot up S9,000.000, leaving
him S1,000,000 to start over again with
AS Mr.. Willard has several times ac-
Qnired immense fortunes from
smaller sum than this, 1t is not probable
that he is greatly discouraged. A more
grievous loss than that of his money to
Mr.. Willard will be the control of the
Northern Pacific properly. which he
will be obliged to reinquish for the
second time. The North American
company lost S15,00O,O00 in trying
to support the price of its own
stocks. This loss will fall upon the
stockholders, who are rich men and can
afford it. Kidder, Peabody & Co. NAV
lose S1,OoO,000 by the decline in Atchi-
son, and j. Pierpont Morgan, it is said,
is out of pocket as much more. Thou
sands of customers of the stock ex-
change brokers lost sums of from 81 900
to S300,o00, a total probably of S5O,OO0,-
900. Among the losers were the firms
which were compelled to make assign
ments for the following amounts: Deck
er, Howell d Co., $10,0OO,0OO; c. M.
Whitney IL Co., Sl.00O.00O: Gregory,
BallOu Il Co., S1,0O0.000; z. W. Gailau,
Diet e. Co.. 81, 100000.
In round figures of millions the shrink
age in value of the principal active
stocks from Nov. to Nov. II is ap-
pended. Added to the shrinkage in
bonds and in stocks not actively dealtin
it will be seen that the estimate of $500
OO0,000 as the total depreciation in
values during the decline is not an ex-
aggerated one:
Price Price
Name OF stock. Nov.1. Nov.I7. Shrinkage
P PGTin american 81 TX s19o,ooooo,oSSS
Dela"srS q L.. 13SA IGN 1900, 900
N ~ l.; Ss W; 1 1aS ~ ~ l3,ooo,ooo