The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-11
NORTHERN PACIFIC
CONTROL Is IN DOUBT
hoth Sides Claim to Have the UppeP
H"nd-brOkers Glad To Get
Holiday

NEW YORK. May 1O.-Toniebt every
thing Is quiet in the Wall streee district
ana at the uptown hotels and canbs
| Where groups Of stock brokers and banit-
/ ers ana operators usually gathe-. Wall
street which during the past week has
Deen wide open and brilliantly IBunin-
ated at night for the purpose Of enab-
Hiis arse FORCES of clerks, boOkkeepers
anu anu messengers to arrange for midnight
iecoroIhs or transfers OF stock in pre-
pairing for the coming DAYS Iabors 10
night had assumed its normal condition
AT places like the Union League cIub
ana the Waldorf-Astoria many intereste,4
persons gathered to discuss the slfvrocIxe+
events or the past week and TO express
feeling Of relief that the stock exchange
VIII be closed tomorrow, and the belIeg
that the worst of the MAY panic" OF 1901
Is over The fact that no trading viii
oe uone tomorrow in consequence of tha
action OF the board Of governors az tba
s1och exchange in declaring SATURDAY. n
complete holiday, so far as the brokers
arc concerned, is welcomed bv the tired
clerks who have been working overtime
since the boom In stocks started and
hlSht and day since the recen1 pvrotecb-
nc movements of Northern Pacific COM
menceG V''i-
AT the various hotels. theaters and
cluos tonight the most allurine as well
as the most remarkable. stories ara toId
or the gains and losses I'm stocks in gen
eral' and Northern Pacific I'm particrgar
during the past week The truth Of many
or the stories will never be known 10.
the reason that the widest exciternen+
prevailed during the break" on ThIrrs-
day-the time when losses and gains vvers
MOST pronounced. and now, that it Is all
over the mon who are said tc have made
heaVy winnings naturally are not inter-
ested in denying reports Of their goo2
fortune good Judgment. especiallyy
when these reports only adj to 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 unlucky ones or alleged unfortunates
are speedily learning that the best thing
that they can DO under the circumstances
is merely to laugh at the reports without
protesting too much or too long tFat mis-
fortune has passed them by. The very
fact that there will be no trading until
next Monday morning. It is SAID gives
the leaders in the stock market, men IKE
Hill and Hartman, Vanderbilt and Nor
gan Rockefeller and Stillman. time to
compare notes and exchange views II
is noticeable that discussion tonight cen
ters upon the question Of control Of the
Northern Pacific so far as actual con-
troll is concerned. the impression is gain
ing ground that it will be the party with
the most money that VIII acquire il
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 stiH ex-
press the opinion that Hartman Is 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
to say:
We believe we have control"
j. j. Hfll on the other hand, however
was quite as decisive in reiterating his
private opinion that "the control has
not changed."~
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-
lieyed, not be definitely known until the
annual meeting in the fall.