New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-15
SOME WALL STREET DREAMS and VISION
THEIR CIRCULATION BY CERTAIN NEWS AGEScf
COMMENTS BY MEN WHO ARE
WELL, INFORMED.

THEIR CIRCULATION BY A CERTAIN NEWS AGENCY
COMMENTS by MEN WHO ARE
WELL INFORMED
IMAGINATIVE ner,oas in Wall Street had gres
time the other day At least they thought they had
Thor recognized organ In the street is a certain
news agency. This agency. within two weeks. seems
to have developed an abnormal capacity ior the de-
semlnation OF dreams and visions.
The first and chief dream put out through this
agency was that the management OF the General
Electric) company has been assumed by j. =. Nor.
gan interests" and although IFS. an1s and
"bu,s' adorned the statement. the Interpolation
,t u,on {, nv the Street was that OF prearransed
and carefully prepared boom OF General Electric
stock.
Tribune reporter called the attention o. }. P1n.
pont Morgan this statement Mr. Morgan said
dryy: They have been making this declarauon Tor
several years Still, II The Tribune desires the
facts In the matter. you may say tna '"e'e u hoi
a word OF truth in Il"
Another dream put out by this agency was first
promulgated BY It on Tuesday. This was the ale
CATION that the Metropolitan Traction Company aa!
secured control OF the Forty-second-st and Bous
ward Railroad. The agency yesterday repeated he
dream saying: I'VE received definite confirma;.s,
last evening OF the statement that the Meiropolla,
compsnv had leased the Forty -second-st AMI Bou,.
yard surface lIae The transaction was very auS
and some OF the directors Of the companies khts
nothing about II until our announcement OF the fact
W. can also state that the Metropolitan Tracika
Company has secured control OF Two othef I'hes
the lower part OF the city"
"a director OF the Forty-seconi-st. and Boulsy1i
line said Wednesday, II had long talk last evening
with President F. Foster OF me Inc am Know
that the Metropolitan Traction Company mas NOT
secured this line. IL has been making desperate e.
forts 70 obtain the line but In vain. 80 far one o.
the crossown lines evidently refs err 20 ne
road would have been IN operation long ago for
the tactics Of the Whitney Wifener- Elkns syn ats
hrn. o ifs eyf ira
terms They have failed, however, IN their pur-
the The purpose Of the agency dream is shown IN tn.
''news': VERY high prices are being TAXED for
Metropolitan Traction stock as soon as the manage
ment has developed the system az contenp- aiel'
Another dream sent out through this same agency
several DAYS ago was that the Panama Railroad Pa.
clfc Mail difficulties had been settled OF this al.
rector OF the Panama Company said: That was
however as undoubtedly contemplated was 10 causs
a rise in Panama yesterday. To-day. the truth be.
ing known, the stock has fa.en again All this nc.
tltious and Fictitious news Is being manipulated
for effect upon the market
The same agency came to the aid OF the Whlsksy
Trust Wednesday with this dream: THE agreement
between the American Spirits Company. the lis
trlbuting companies and the independent dsillers
Ia the result Of very careful study into the question
Of the profits which the trade can make without
citing competition The profit intended has been hg
iirel on the theory that while II VII De aie-
cuate return on the investment for "ell-eqlqle1
company with It's arrangements for distribution
satisfactory IL will not afford pront 10 concern
onaratine either on a small scale or withor, Hrs.-
class distributing connections; ne agreement 10
tion as poss;be Changes in the price % spirits are
n he governed by changes In the price o. corn The
ailotments are satisfactory, ana the business IA.
nromlnent Wal Street nan remarked This V
pure nonsense