The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-07
Special to The Journal,

New York, Jan. 7.-Wall street is
heartily sick of the Northern Securi-
ties dispute and will welcome the end
ing OF what has been a disturbing in
Huence in the financial world for over
three years. AS is generally known,
the rival interests, at which tentative
propositions were advanced. Both in
terests, however,, were confident that
they would win the decision on appeal,
and it was largely because of this con-
hdence that no compromise was
reached. Now that a decision has been
rendered in favor of the Northern Sc
ing IN conservative circles that the way
has been opened for a compromise and
final settlement. It will be genuine
disappointment to the financial COM
munlty 1t the Hartman interests de-
eide to appeal to the supreme court.
;, or course there was leak regarding
the purport OF the decision. Last Fri
day the. tip was widely circulated that
Tuesday and that it would be in favor
OF the Hill interests. 1t was stated
that it was credited, in quarters that
usually pay no attention to rumors of
any character whatever According to
the story circulated in Wall street, the
decision leaked thru a stenographer
who had written the decision, but this
could scarcely have been the case. At
least one decision of the United States
supreme court IS known to have leaked
in the past. Some time ago group
of spectators in Wall street secured
advance knowledge of the decision
which affected the American Sugar Re-
timing company, and began buying the
stock heavily. These Spectators had
bribed a man employed upon court
work. AS soon as the supreme court
learned that the decision had leaked,
stead OF being rendered on the day ex-
pected, it was withheld nearly six
months. Instead Of making a profit,
the spectators who had gained advance
knowledge of the character of the de-
cision lost heavily. Since then the
supreme court has followed the policy
OF writing out in long hand all impor-
tant decisions, and the members have
given! their word not to discuss the
decision in advance even with their
wives. AS result, there has been no
leakage in recent years.
Lawson 8 latest failures to disturb
the stock market are hailed with jubi-
lation. Mr.. Rogers organ is taking
particular delight in heaping obloquy
upon him. It says, for instance: "Per-
haps the most reassuring incident on
Tuesday was that the half-page ad.
yertisement of a certain notorious
from the presses. AS far as the course
of prices was concerned, the market
showed that the specializing public
had 'coppered' the advice Of the Bos
ton tipster. Concerning Amalgamated
Copper, Lawson wrote that the present
holders of it must unload it before it
declines again, as it did before, to $33
or less. ~ The only comment on this
branch of the subject required is the
statement that Amalgamated Copper
on Tuesday was uniformly buoyant
thruout the day, closing at "a, with a
net gain of 3 points.
opinion, made many millions of dollars
by precisely the same methods that
Rogers, Rockefeller, Stillman and the
others have so successfully employed
Even now he is, presumably, after more
dollars--ammunition as he calls them
and it is only question whether he
can force the "big fellows' to let &c
and give him a line of stocks at low
prices, which he can unload later at 6
profit. The probabilities are that Law
son will have a hard time to replenist
his bank account in the way he has
planned at the present time.
In connection with the strength Oh
Union Pacific, which was somewhat re
markable considering the unfavorable
character of the Northern Securities de
cision, number of rumors were cir
culated: One story was that Unior
Pacific had secured control Of New York
Central. This story was apparently
based on the commonly known fact that
the Rockefeller interests are now domi
nant in New York Central, and that
| they also own large, if not a CONTROL
ing, interest in Union Pacific. The ides
that there is any likelihood of a con
solidation Of the two properties is
secuted in well-informed quarters. A
more probable explanation for the
strength Of Union Pacific seems to be
the likelihood of a compromise between
the Hill and Hartman interests. St
Paul will, Of course, figure very promi
nently in the readjustment of the north
western railway situation, and, as a re
suit, the issue is displaying much activ
| ity. -..
| On the whole, the first weeks STOCK
market Of the new year has shown de
cided strength. and a highly satisfactory
in the bond department is also very
marked, indicating the reinvestment O:
dividend money. Many prominen
stock operators are still absent from tn,
city. The consensus Of opinion among
members of the Waldorf-Astoria clique
now in town, is that the market will b.
rather irregular until things settl
down. 49,, ie F. & ......~-s
s..: ID. Sis. S. S. schroff.