The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-20
WONDERS OF The
BIG BULL N ARK'.ElIT'|
Wall Street Going Crazy Again as
the Public Comes
In.
Special to The Journal.

: " 4 /.
New York. Jan. 20.-Never in the
history Of Wall street has there been
such market. Almost every day some
stock breaks previous records. The
quotations are beyond the understanding
Of the old line conservative traders and
investors, who stand in their offices
and watch the market running away
: nerve to advise their customers to buy
the stocks at the highest figures they
have ever reached. This is the marvel
of the 1906 market, that at the highest
prices there is still so much enthusiasm
In so many quarters. s8
Two years ago 500 Line stock was
for sale near $40 per share. Today 1T
Is around 160-or four times it's orig
inal price. Less than two years ago
reacted from near 300 to 260 and looked
cheap. Canadian Pacific is up over $50
per share-60 per cent of its entire par
value, since two years ago. Bulls are
to be found in nearly every stock ex-
cept the Rock Island shares There
are men in the street who say that the
Union Pacific stock will cross the 200
ern andy Northern Pacific, there is no
limit to the prophesies.
Many Wild Rumors.
Rumor says that the Great Northern
stock will Sell over 500 before very
long; that the papers are actually
signed which will lease the ore lands
to United States Steel on a royalty
basis to yield the stockholders of the
Great Northern over 10 per cent per
annum. It does not pay to contradict
such rumors, for as soon as one is
nailed down another comes up to take
its place. The street Is flooded with
such stories. The Missouri, Kansas s.
Texas is sold to the Burlington every
the direction Of selling the Kansas City
Southern to the St. Paul that even the
very day Of the sale is confidently pre-
dicted, and is only postponed when the
day named passes without the deal. The
Colorado & Southern has been put back
In the dividend list seven distinct times
In the past month-and each time 1t
has hen vs ppesSs a fsss o fey o days.
Recently the Wall Street Journal
printed a statement showing that the
stocks of the Great Northern, Canadian
Pacific, Northern Pacific, Union Pacific
and 500 Line had appreciated in mar,
ket price in twelve months over 1866,
100000. The street took it in one
mouthful, swallowed it without a gasp
and was not a bit surprised. Six months
ago it would have staggered the street
and sent the brokers home thinking
deeply over the question of how long
1t could possibly last. Now, the only
question seems to be how long it will
take to add another $S00,O00,0O0 tt
their value - ...
The northwest fails to amaze thu
people of Wall street. When the bank
clearings Of Minneapolis, Spokane, Seat
tie, Portland and Denver were spread
out in Wall street at the first Of the
year, they occasioned comment, by rea
son Of the fact that they had grown out
of all proportion. Next day they were
forgotten. ... a. = 49,. =.
s.4s l. Mining Sharks Elated.. alas
The new street offices, where the,
deal in all things from ice cream. com
spanies to Standard Oil, are full Of min
Ing sharks. The pockets Of the shark
are full Of money. They. followed tf
boom in Amalgamated q few years ago
were properly cleaned out at the gam
they didn It know, and now: have com
back to be In the game again. Thi
time they are backing Anaconda an,
Amalgamated for all they own and
lot more. Every one Of them claim
TO be syndicate, representing a few
: of ."the boys.' s-< -. p
have dealt WIFI With Rogers rs ' and Iaw vna
and their kind for years on nj the H boa nu
and know how to look out for squalls
are keeping both eyes glued to the tape
They take lunch under arms They ar
to be found, these days, in the new res
taurants, where you get your seat an
. have the telephone attached when yo
sit down. .--