New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-22
f,uarridl.
FINANCIAL FORECAST.

/ IN railway hi" -
'S .,,.ra. proved very Instructive 'D@' -
y 'n' ..,cu.iour when intelligent men undertake
~ "' n, money with view 70 rspo az
=, .irs''s" ,.s, ,-otected n they avoid
ss''"' um,, their operations to e''aO'A'o ''0u'-
~,sSr>' ' =. promptly turned into money The
y. 's''' - devote himself from that time for
,s,G i'''''' ,,.cus,lve Investments In connection
~ " -, railway properties Al 'h'' 'rn' pane
VI ~cr, binding and A'"'doT'nS the puo'o
- '" ,rrportsnt railway values were 'oncea''u
"a ~. ,ss, was appreciated from me nrs'' II
70 W. cha. given security is worth more thHn
rot SIM .,.,,ons have measured; the new value
- S'' ,..-,v understood and firmly established IN
50 also u..o-. ,ts market position Will come up
FAN -, g. merit 1t therefore necessary that
=" .so,,,s either combine with private csp''ans's
O. WV .,-operAtion Of the general public He &C.
z seaT ,o.-,t the confidence OF the public by
a-1''e' ard studious convictions Therefore
y.s''"' .,,,A have been published in this column
y n the hope that ne could secure the CO
ss' ''''' -, investors. All the important results
-.osatOns were recorded In this column VIM"
new value IN some security which was
80 than SIS market quotations ana "hen w
80 -.A,c,I advance OF It's market position
,,-c.s and would be Justified We gave TINS IN
e-- -. ~. readers OF this column before our views
ff''' ,,,. were made known in Wall Street. The
a'''' .,, column therefore. have been kept at the
r''' ,-or,p, recognition OF all important market
.,..-.,,s II they have followed the guidance 0O''-
., ,b,.. forecasts, they have In every instance
.,, .scurities AZ lower cost than the proiessio'a
WIS., s-.., who are always absorbed in their own
w. tangled IN their own complications Com
-, cono.n,ration thu potential tendencies u
-, NcUhe-. IS IS concentration more ne'es-
q, handling securities. When courageous III
y" .,-s,,. their buying upon any security. II 'nS'
.., Ia, new and unreeosnized value ''eS WAL
-, .,.air such an improvement IN its nAlks' p'~
a.. merits Justify This financial Column HA'
...- repested tests during recent years anu HA'
..a AGAINST many opposing national Sensations W.
..,,,on. herein taken with reference 10 e''AO"'
- s.,. ui,hcu, exception sooner or lAte' DEC"
- - ,.y.,oDments Panics and national sensations
..,,,.. hsHsed and delayed but have never pre-
,.e their nnaI Justification The market 9u0'A''0"'
o-,A. FOR example are three times as mueh - '''
$3.50. WHEN this column FIRST disclosed It's coming ''Au''
=. ,,,,r. q, the stock OF the ST. Paul Company
-. nor. than doubled this column hT'' sAp'AheO
-. -. Northwest has grown up TO ths level OF ti'
.,,hoyeh its merits were then concealed oy
..--.,s,,, The market value OF the capital
-, ., burlington has NOR. than doubled since the
,., invited a partnership in this stock WIN 'H0 wv
ii. a, New England" where It Is largely 0"'eO'
., months ago mos, desperate effort WAS mace IN 'N'
,0, Journal. Of New YORK and in the New i0'N e''0A
.,,,,,ga 70 depress Manhattan shares ana every wv
fiji. -,.nc,yvr. was used against that security Ape'
- ~, ..,so,,, Investigation and consideration 1t Wa'
-. e., this column. and nowhere else that the
,.y. underlying that brutal bombaEdment Of the IN
es,,n. public was accumulation OF the stooN' NN's
~, WARY period those who were resting Oh INC ''aN
u =, ,n,. column were compelled to struggle against
. a,.. -,lsuent As late as January first we stated
1904 will bring important developments with Inc MAN.
1900. Railway Company. These two properties the
s,ropol,an surface line and the Manhattan E'e'A'e'
me are logical oounterpArts OF each other Hho vi" 70
..,.1 IN harmony" AM now what is the result7 Inc
npstion Of that stock has been completed INC Sea'
"a, barmoniza,ion OF New York transportation interests
IA, ,.en scoomplsh-i the stock has bounded up as
- MAI, ana ,bos. who have relied upon this column
IA, ignored the Wall Street elamor have realized their
. II Il never possible 10 certain abou; immediate
uostc,, v.ry frequently powerful manipulators will
,. dow, ~. market most when most anxious 10 buy
ds-s therefore in almost every must ignore TEN
,rs-v movements II nearly always happens before
~. upward movement in any security that the marker
frequently and repeatedly hammered in order 10 buy
Z. now have another illustration far more remarkaoIe
nan the bombardment OF Manhattan. THIS depression
P C. c St l. shares is the prelude TO a stipend
u upward movement Sometimes estimates Of new
alue hav. com. from studous convictions; sometimes
ron opinion Today we make statement 10 the read
r. Of this column which beer founded upon con
ic,on merely upon opinion merely. but upon aoso-
ne knowledge. That statement dscloses the most re
nsrkAbs promise n value In reference 10 market
rotations which has been created by the gigantic
ovth o; American railroads We heretofore given
expecting remarkable outcome in the value
4 P c C. & ST. l.. shares Our readers doubt, have
understood anc considered those far pub
hsd b., during past conditions have been IN
covered will now come into control which outrank
Al acasdsstons we have ever had about this property
and al n. hope, have nourshed Our statement
il verde. follows During the past week disclosures
have beer to the writer which will lift p c. G.
St. L quotations far above par After these dselos-
rs' Az made public this stock will instantly b
a'dsc a. better stock than Omaha II will pay larger
l'csnd, ard hAs vastly larger strategic Importance.
nse disclosures vii prov. surprise IN moro places
nan enc but more remarkable than the disclosure
sci IA The fer; that no capitalists spectators have
esa Informed In advance Of the public For the hrsi
me IN the history OF Wall Street investing public
III receive the hrst news Professional always
'' to believe In remarkable changes Our readers
'''e'ore will have opportunity 10 make their pur-
Se' long before professional Wall Street will realize
re changed situation What effect Will those remarkable
e0'ures have upon ne market price OF the stock? 1t
" Sshe II upward IN leaps and bounds unless manipua
vi 'Aou4e Tight II with furious bombardment Of phantom
w. which phantom stock will in the end only add
~ % The FIRE. sy manipulation the upward movement
A' q staggered bur only retarded. there is no power
wall Direct % that ran long Keen Pan