The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-11
NORTHERN PACIFIC
CONTROL IS IN DOUBT
h"th Sides Claim to Have the UDpep
H""d-broLers GInd To Get
"a Holiday


NEW YORK. May 1O.-Toniabt ev.-,,
thing Is quiet in the Wall street dtstrict
ana at the uptown hotels ana cl,bs
"here groups of stock brokers and banjt.
/ ers ana operators usually gathe, Wal
street which during the past week has
Deeh wide open and brilliantly Ilurnin-
ated at night for the purpose Of enab-
ing large forces of clerks bo0kkeeDers
ana messengers to arrange for n,lIniob+
recording OF transfers Of stock in mr.
pairing for the corning days Iabors TO-
nisht had assumed its normal condition
AT places like the Union Lcap11e c1,h
and the Waldorf Astoria NOM, i71t,raztaS
persons gathered to discuss the slxyrocl,e+
events OF the past week and to cxprcss
leeHns or relief that the stock exchange
VIII De closed tomorrow, and tho belief
tIal the worst Of the MAY panic Of 1901
IS over. the fact that no tiadfnq, u,iII
De zone tomorrow in CONSEQUENCE Of IN.
action of the board Of governors Of tba
sIoch exchange in declaring Saturday
complete holiday so far as the brokers
"i0 coHcefched, Is welcomed by the tired
clerks who have been working overtime
since the boom In stocks started and
hlshl and day since the recens lvrotecb-
nc movements Of Northern pacif, c,,,-
menceG
AT the various hotels theaters and
cIupS tonight the most allurine as well
as the most remarkable. stories ara told
OF the gains and losses I'm stocks In gen
efal' and Northern Pacific I'm particular
curing the past week. The truth Of many
OF the stories viii never be known for
the reason that the widest excrta,na,,.
prevailed during the break" on Th1,rs
day-the time when losses and gains were
moSt pronounced. and now. that il 10 all
over the mon who are said tC have made
heavy winnings naturally are not inter-
ested in denying reports Of their GOOD
fortune or good Judgment, espccialIv
when these reports only adj 10 their
financial credit On the other hand the
denIals Of the men who are credited with
losing in the recent excitement are gen
orally not believed by their friends. and
the unIucky ones or alleged unfortunates
are speedily learning that the best thing
that they can do under the circumstances
IS merely TO laugh al the reports without
protesting too much or too long trat rnls-
fortune has passed them b.. The very
fact that there will be no trading until
next Monday morning. It is said. gives
the leaders in the stock market. men Iika
Hill and Hartman, Vanderbilt and Nor
gan. Rockefeller and Stillman. time 10
compare notes and exchange views II
is noticeable that discussion tonight cen
ters upon the question Of control ~ the
Northern Pacific 50 far as actual con-
troll is concerned. the impression is gain
ing ground that it will be the party with
the most money chat VIII acquire IT,
Many Of the daily papers and the IN
ancial papers today express the belief
that the control Of the Northern Pacific
was still vested in the Hill-Morgan party.
On the other hand one of the leading
daily papers Of the city and some of the
financial organs Of the street stiu sx-
press the opinion that Hartman ia IN
control. One thing seems settled tonight.
and that is that Kuhn. Loeb & Co. DO
not yet admit defeat Late tonight Mr..
Otto Kuhn, Of the firm, did not hesitate
70 say:
we believe we have control"
j. j. Hfl on the other hand, however
was quite as decisive In reiterating his
private opinion that the control has
rot changed."N
AS a matter of fact there seems to be
no reason for doubling that both interests
have control so far as stocks In their
possession, plus contracts for deliveries
are concerned But which interest will
eventually be able TO vote a control IN
the form Of actual certificates remains
to be seen and VIII. il is tonight be-
lieved, not be definitely known until the
annual meeting In the fall.