The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-05-11
WALL STREET STORIES
Items Cleaned From Various Papers
and Places
DENvER sPECITLATORs.

-.
and Henry r. Wo1cott, 100000; ex-
Governor J. 3. Cant, director Of sTneiter
trust, $500, 900; John c. Mitchell. Den
Yer National bank, $500 900; W. K. Gil
railway. $780, 900; Simon Guggenheirn-
$1,000. 600; Dennis Sullivan. $500 600;
Thomas Walsh, of Ouray. $300,000
A BARGAIN COUNTER.
New York: The falling off of stocks
such as this had the effect of bringing
bargain hunters to the front. Gilt
edged bonds were sold in order to use
the money for purchases of stock
offered at bargain prices; One investor
who raked together $500, 600 in cash
got hold of 10000 shares of United
States Steel common at %. Stocks ike
Delaware & Hudson and Delaware q
LackaWanna and the like were grabbed
up all over the street at prices less than
anybody had been able to buy them Tor
long time. 1t was a particularly good
tine for some shorts to cover. c. A.
Missing & Co received an order to
cover 5000 Atchison at g. The entire
amount was secured at from 43 to so.
A PRINTERS FORTUNE
One report circulated is that Dick
O'Connor made killing on the wonder
full boost in Northern Pacific. The
story goes that Dick got wise" and
loaded up on Northern Pacific. AS he
usually trades in 50O-share lots, and got
this stock, if he. got it at all, at some
thing like 125 he must have cleared
some ZOO or 800 points on the deal. This,
figured out, means at least $4,000
There is another story, to the effect
that a barber near the Seven Corners
had 200 shares of Northern Pacific,
which he bought two years ago at as.
When he heard that Northern Pacific
had touched 1000 he dropped his razor
in the cuspidor and locked up the shop.
An ex-official of the state capitol. who
is regarded as a ShreWd dealer, IS re-
puted to have got on the right side OF
the market for $4,000. He took hold
of the market when all stocks were low
last fall and purchased several good
things, among them medium block of
Atchison preferred.
A printer in Minneapolis was on his
uppers and reduced to his last $50. He
began buying in a bucket shop few
weeks prior to the election Everything
came his way from the jump, and ne
plunged recklessly. He kept doubling
as stocks rose, and drifted with the
tide. He said he would stop when he
made $3.50 Gradually the limit was
placed at $500, then 81 600 then $1,000.
then S25000 At last reports the printer
had $4,000 to the good, and still playing
for N ore.
WHAT SANTA FE MEN SAY.
Chicago: President E. p. Ripley of the
Santa F'e spoke substantially as follows;
Little doubt remains that there is 4
corner in Northern Pacific stock, but J
have no opinion to express as to who is
engineering the deal, nor why they are
doing it. The matter has gone even be
ing the Wall street game. as I have ali
1 can do to run the Santa F'e road.
r. r. Gable, chairman of the Rock is
land board said: There is undoubtedly
a big fight on for control of the proper
ty but I do not know who the opposing
parties are. Of course I can guess, ana
that is all. I do not think that the mat
ter will have any i'll effect upon railroad
securities and values after things settle
down and find their normal level. The
so-called community of interests,
which has led to certain amalgamation
of railroad properties, viii be affected
somewhat, and I presume it has receiv-
ed a severe Jar. / have no doubt, how
ever, that peace will soon be restored
and that the readjustment of values will
go on as before
Paul Morton, second vice president of
the Santa Fe, said: There were too
stock on small margins. It looks very
much like contest in which the shorts
got squeezed on Northern Pacific, and
the general result will be liquidation. I
believe that it will stop speculation in
railroad stocks for at least six months,
and in the end there will be healthy and
normal values. 1t is hard to estimate
just what the result will be on the com
munity of interests but 1 guess it has
received a setback
BY SPECIAL TRAIN.
New York: One of the fieeting waves
of excitement that passed over Wall
street during the day was started by
the news, which Travelled as fast as Wall
street news does travel over its own
bailiwiclx that a patron of the firm of
J. S. Bache & Co, had delivered shortly
after 2 o'clock a bundle of shares of
Northern Pacific, which at the opening
of business in the morning had been in
Troy. The stocks mad been brought
down the river by special train, and
were rushed from F'orty-second street to
the brokers' offices.
WOMEN SPECULATED
The havoc that was wrought in the
fortunes of bank clerks and brokers.
bookkeepers and accountants, and Office
boys, and, in fact, nearly all of the en-
ployes in Wall street, was som ething
prodigious 1t was the real thing in the
way of hard luck stories that one heard
and it was easy to see that the wounds
which had been inflicted were deep and
painful There was pandemOnium OF
the stock exchange, but the scenes there
were not to be compared with those en-
acted in the offices where the women
trade. AS the ticxerS showed that prices
were going down and down until it
seemed as if there was no bottom to the
market the women who We're gathered
around the tickers, ten to fifteen and a
score deep, simply lost their heads. II
was really pitiful to hear some of the
stories they told. Some of them had
borrowed money to speculate with, and
so long as prices kept advancing they
believed that there was practically no
end to the money they might make One
young matron told a rather startling
story, in the overflow Of her feelings, of
how she had been led into temptation.
Mrs. So-and-So told me of the money
she had been making down here on $50. .
she said, and I didn't see why couldn't
do just as well as she had done 1 spoke
to my husband about it, and he told me
the best thing / could do would be to
forget whatever Mrs. So-and-So had
told me. Then he made me mad by say
ing that only women VINO were i'll bred
and vulgar ever went down into Wall
street to speculate. If he hadn't said
that, if he hadn't made me mad, maybe
I would not have come down, and I wish