The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-05-11
WALL STREE / is BOLD
FTER PANIC OF THURSDAY
Receivers From The Exciting Incidents and Prices oil
Stocks Take an Upward Shoot
Fate Of the Northern Pacific Sin Doubt Both Sides
Claiming Control

filed
1orsglrt everything is quiet in the
4 Vail street district and st The up town
22tels and clubs where groups of stock
-ll'9 kers and bankers and operators
4 usually gather. WAN street Which
during lne past week had been wide
1 open ana brilliantly Illuminated at
/ midnisft, for the purpose Of allowing
iaf8e tOfces of clerks bockkeepers and
messengers to arrange for midnight re-
cOrQlnS OF tr@slsfers of stock I'm pre-
pe5rlng COR the leofniTlg day, S Iabors to-
-nisht- had assumed rits normal condi-
tie9 At places Use the onion League
cfug ana the 81 al4orf-Astoria, many
iInleres ced persons gathered to discuss
me skyrocket occurrences Of the past
week. ana express feelings Of relief
that fhe stock exchange VIII be closed
tor oirow and the belief THAT the worst
{ Of the May panic OF 1891 fs-OVer.
Line I2ct that no trading wiz be done
/ tomorrow mn consequence of the action
Of the board of governors of the stock
eizcaanSe ia clarfng Saturday a CONF
( pete hohday SO tar as the brokers are
4 concerned, Is weIc0meds Dy the tired
/ clerks, uho have been working over-
7 time since the boom ia stocks started
and night and day since the recent
( pyrotechnic movements of Northern
Pacific commenced,
A. The Various hotels theatres and
( cluDs tonight the most afluFing as wei
rs the most remarkable stories are
I told of the gains and losses in stocks
: IN general, and NOrthern Pacific fa
/ particular during the past week The
truth OF many OF these stories viii
j never be known. FOR the reason that the
-lEildes1seX excitement prevailed during the
ofeak on fhln-Sd ay--the' time WheA
losses and gains were most pronounced
aliu now that IL is all.over the men
HsO We're said 60 have made heavy
/ Winnings naturally are not intereste cd
i in denying reports Of theit good fortune
I q good judgment and especially when
1nese reports only add to their dnan-
cial credit a
On the other hand the deals of the
B-eh AtlV ere cEedited F'1th losing ip
4 tee recent excitement. are generals not
4 believed by their friends, and the unL
ducNy pneg or alleged Unfortuuates are
EspeeuIlN leaHning that the best thine
tnat IheV can uC under the scircuin-
stances y merely - laugh at the re-
TOE long that nisfortune has passed
The very fact that there VIII be no
srRdlle until next Monday morning. it
sele slEes the readers IN the stock
ma thet z men like Hill Hartman, Van
deTblit, Morsan, Rockefeller ana STA
man. time Il compare notes and ~
change. views
Lt IS nQlfeea bic that. discussion to-
/. Ele1t. centers upon the question of cohz
trol Of the Northern Pacific. SO far AZ
actual control is concerned. the IN
ptes7Ioh is gaining ground that ID WIZ
pe Ine party with the most money thai
MA acquire it, Many of the daily pa
pes ana some Of the financial papers
1gday expressed the BELIEF that control
RI the Northern Pacific WIS sim vee+ I'll
~ the MQrgan-FIfII party
q on ne 0ther -hand one 81 tae lea -
lllF tsf2sIs or Inc city and some OF. the
Haaneiat organs of the street stir exl
party IS n control one thing seems
So ttec. ton ghts.aad that is that Kuhn
t-oSH 3 4 q go nQt yer admit defeat
t-a0eg tcqay otto =. KUHN 81 the firn,
have controf"
Jim Hin is Serene.
J. y HilE on she otherA hand. how
ever was quite as decisive in reitsr-
ating his preyious statements that the
control has not changed
- a matter OF fact there seems TO
ne no reason for doubling That both
interests have control. 50 far as stock
in their possession plus coatracts for
cell cry are concerped, but which in
tefes VIII eYSntually be able 10 vote &
ccntrot IN the form of actual certifi-
Gates remains to be seen and win. it IS
tonight believed, not Sc definitely
kn0Wn untH the annual meeting in the
+ Judge Gjldersleeve said today fbaf
az order 20 show cause in the North
efn racine case was issued by him at
ms house last night on the appIica-
ton of counsel FOR Beruartf smith. The
piaint1f- smith claimed 10 have sold
zoo snares of Northern Pacific SNORT,
30 broker de alleged that the brok-
~ as -dcting for PARTIES who held an
the Stock az the time, and that he
party TO whom ne sold the stock Knew
y was impossible for the plaintiff To-
curry OUT his contract to deliver II
Under these circumstances. Smith
ASKED lnatL the person to whom he sold
gfle -et Snares Of stock be- enJoinad
rom e8ferciHg his claim for its de-
The usual bond was to be given bv
the piainCm to indemnify the defend
ants from loss should the Injunction
nor he continued, was not filed and no
ton on the defendants were taken.
I.le 300 shares of Northern Pacific
common which sold yesterday at & O6O
SHARE are said 60 have, been. for "A
Chieago 0re6er, who is supposed TO
have bought them for proniiHeilt on
orator of thaccity M
After the close Of the st0cz. exchange
reports Eere current Tbaf Taefl, Il
sehim he'd admitted that eaes control 81
Iee Nor.hern Pacific rested with 3 r..
vas called to this report ana he char
aeteFizes4 IL s faiae Anotfler member
0t me Hartman syndicate made mis-
statement:
We believe nops as'v-e did yester-
go a, l1tl we now control tae Northefn
racine road. Nothing has napDeDad
over nlE1t or during tie y-tts- change
our opinion. AS for The Burlington
deal. concerning which there Has been
SO much adverse criticism. we believe
n sEil so through without a further
hitch.
BODY OF WIiEIE
MCCORMICK F0END