Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-04-27

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AL street dealt in s .,'..' III.
Y v ,,es Of a par value OF nea n..s
IA o nSs S b. dollars in the t,e, five
IA o o5 ono-half days of trading ....,s
MA a"l ro.k An records were
Wv Ire, Droken in the upward s%lr'
v - prIces and top no'ch hs-
y. Of boom periods of 9th"
>, wears we're made to look ''"' '''
GIN p' I.,..istble wave Of stock specu,
the i'm I'm last october has moVeu
huon we, ,rd gaining strength each
H'ldis y. VI carrying everything before
week g., 11 ,,re methods and standards OF
u ",,n. have been pushed as'u1 noon ear.
y.l ,, . ~, Of securities have Oeeu ,. eur
Of al 'O,r IN the movement upward
d'l ' ~. CAUTIOUS investors are asking
ana ~" MAT IS responsible for the eN-
who Is u lhdl % ht. tandpupy
,,ooJlnary and ungoyernaO'e " Iy"u, ,iyos
u'''a, "y market trading Ola iHe
ID 'Y and brokers' say that a ne"
0anA', S,, has taken possession of the
"'" ,' responsible for the Wildly
' n,.,.ye uanipulations. .,,.,
'' ,.ry a these bankers stand a a,tont
NAM " ", the anormity and extent
a aslv'.lsa which has now reacIe1
3 @. ihe Witch IL is the sensation OF
FI 1@' countries
,seRlBED TO WESTERN TRAD
A'o Frs.
ami. now clement, which has taken
Inl' ~" ~ the New York stock market
eoI"o '',o,sd ara capltalists-lnen VINO
% , millions in the promotion OF
Ha,' ,iiSatIons of railroads ana indus-
.ya .I trnsts wealthy mine owners
u,a men and multl-mlllionaire man
ls.o" . scores OF men OF TINS class
Ss S come to New York WITHIN the i iast
yeoy and 70 this coterie or specula sls
Wsi street has given the souDrFue'
~ The waldorf contingent 49,
W TSs waldorf Astoria has been the
vio", sor their wives and their ram
s, ~ wbIla in the city, and the name
INN MAS formerly applied to a small
,,,,,n NJ local room traders VINO met
sSb,ly Al the Waldorf has been trans,
e. and APPLIED to the new element
"a whom credit or blame is now gen
orally given for the recent via move
ment Of stocks on the local STOCK eN'
change. t,d,,.,,.ol
nroneriies. Judged from the volume OF
iba trading in their stocks, has changed
hands three or four times WITHIN
month II was only a few days ago
NAT Iohn W. Gates and his former as.
sociate directors In the American steel
and Wire Company John Lambert ana
Isaac l.. Ellwood, calmly announced
that they had secured control OF the
stock Of the Colorado Fuel and Iron
Company. The Moore Brothers, OF
Chicago, promoters OF half a dozen
steel companies and other industrials,
Tor the work Of which they received
millions, make no secret Of the fact
that they have obtained control Of the
Chicago, Rock Island & Pacific.
VIOLENT ADVANCES FORCED.
In both instances the stocks of these
companies have had violent advances,
In the case Of the Colorado Fuel and
Iron company the stock has been ad-
yanced more than fifty points in less
than a month, while Rock Island has
jumped nearly twenty points in a still
shorter time.
Many other names, whether rightly
or wrongly have been mentioned in
connection with other deals. w. h.
Refs president Of the National steel
company D q, Reid, president of, the
American Tin Plate company; w B. |
Leeds chairman Of the executive com
mlitee and vice president of that same |
company, II II Porter, chairman Of |
The Federal Steel company: Charles 5. |
Guthrie, president Of the American |
s'eel Hoop company; Guy c. Major,
president Of the American Linseed COM
pany' William Edenborn director OF |
the American Steel and Wire company. |
ana W. W. Gourley general counsel Of |
lne thieago street railway systems and |
OF 'he American Linseed company, are
IIee'y mentioned In this connection.
ineie are scores Of other wealthy men
hailns rom Pittsburg Cleveland. Chi
cSeo Denver and Omaha. whose names
aie Unknown In Wall street and TO the
genera public but who In the last few
'gOn'hs nave come East to invest a part
:. 'ne'r surplus cash and incidentally
, ,sst a Ilng' at the market. The ma
;u'.y OF These western spectators deal
-, ,.,, thousands OF shares and are credited !
y, ."l pacing orders with their brokers }
" osy or sell 10000 shares with the
'OucnaIance Of veteran trader.
GRADUATES OF CHICAGO WHEAT
PIT.
-, aOd OF the western contingent have
guy Melr eye teeth ON the Chicago
"a S,s Vi trade, where they have bought
I, ny. VI IW'VOO bushels Of wheat. Now.
" sali' they propose TO deal in stocks
~ ,ue same scale as wheat They have
nauS millions of dollars In their vari.
.us 'lhes OF business, and with them.
= =, 4 i sule, The purchase or sale OF 5000
here bagatele. - 'o''9''e'e" "
49,, Az u not uncommon for one of the
,aueIs on The floor Of the exchange TO
: o'tr lVWD 70 $4,000 shares of stocks
On Vi TWO concerns IN a single day.
, -. ug value Of money, as It Is known
q Sa hos nasb the new plungers are said
n NJ. NV conception. II Is told that at
10 5s I'm cub mention was made of
no ~ ~ OF a steel manufacturer. and
led wss ais associates was asked If he
sS NJ, IN N, was the reply. He left only
lm az w., you call that wealthy" an old
No. Wv FORK broker lnterrorated
tel ~. tne wealth Of some OF the
rrlsSeen,',e lacturers goes now" was the
mni, y. l ahSWer why. they are
10y 'eeAing with money"
NHLAP AT PRESENT PRICES.
tsys et iheayy buying by the western
AZ ne. 70 sald TO be due TO. the fact
,lcb Wy consider the many stocks in
asen, NV trade very cheap at the
. eHyn asked a well known trader a
=" the American Steel and
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