Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-04-27
Public loses N
MP. STOCK DEAL
kunN-LOEB MAKE HUGE PROFIT
~ RECENT FIGHT.
DELAYS AID CAMPAIGN
sudden Recovery of Stock Pointed
To ~ Evidence Banker, Have
Liquidatcd


By Associated Press
New York April 6.-If story
this morning is the Inside truth, II ap-
pears that the public was high IL
nlnced' out Of Sl,5OO,OOO In the re-
cent Missouri Pacific advance
According to this story Kuhn Loeb
& co.'s interests found Themselves
in possession of 5000 shares Of Mis-
souri, Pacific, which they had taken
over from the Piersou- FarQuhar syn
dicate last July at about 49, They
sought representation on the board
and obtained George Goulds pledge
20 grant IT, Missouri Pacific advanced
steadily but big sales accompanied
every advance. with the price at 90
Kuhn Loeb & CO. interests dropped
their representatives. from the board.
says the American:
'flaving acquired this lmpotrnt ln-
tcrest in the Gould system CPierson-
FarluhaD, It brought question how
to dispose OF the burden The uu-
popularity Of the Goulds In the stock
market furnished an inspiration and II
was not long before rumor become
busy with an impending change in
the management OF Missouri Pacific.
1T may be that this set OF rumors
originated with other Interests than
the Kuhn, Loeb. but those bankers
were shrewd enough to appreciate tho
situation and did uo,hing to cast doubt
on tho stories.
when demand wus made about
three months ago at st Louis for a
Inst Of stockholders of Missouri Pa
cilic report instantly glined cTren-
ley that Tho Kuhn-Loeb interests had
| Joined with the Rockefcllers to de-
mnnd voice In the management OF
/ Missouri Pacific. This WIS followed
/ by an announcement from George
Gould some days later to the effect
that he was willing to grant represent
mtion to those interests.
Meantime the stock " Missouri
Pacific kept rising and when the
Gould statement was finally confirm
ed by Kuhn, Loeb Il Co.. the price
reached &c.
This showed a profit Of more than
20 points on the Kuhn-Loeb stock.
and from that day there has been
mysterious selling of Missouri Pact
fic. While John ID Rockefeller was
at summer resort In the South, large
blocks Of Missouri Pacific We're sold
In such "a way rs TO make IL appear
that Rockefeller was the seller. lt
is understood that orders actually
came 10 Wall street over wires IN the
South for the sale Of tho stock,
During an this time the
Loeb interests We're apparently work
ing for the rehabilitation Of Missouri
Pacific and arranging to finance It's
needs Of more than $lQ0,00O,00O
But Missouri Pacific stock kept
coming 10 market, and the speculative
: public bought It freely believeing that
the great firm Of Kuhn, Loeb & CO.
intended to assist IN Tho rehabilitation
of the property on the inside. how
ever. It began to appear thlt unrea-
sonablo objections were being made
70 various men proposed for the pres
ldcncy
one delay after another was caus
, ed. thus extending the time and op-
portunity for disposlns of Missouri
, Pacific stock. Finally came the opei
, fight Of Tuesday IN which George
, Could, armed with complete knowl
edge OF the stock market situation
2 make an official announcement to thu
public that continuance OF Kuhn
: - q ~. a., hn,L.rs f,r Nft5aour
b Pacific was, in his judgment inadvis
able for the stockholders Of the Mis-
. souri, Pacific, az well as for the pub
lie. and tha' he (Gould) could no
but feel that their influence was no
} helpful one for the property.
Sudden recovery Of Missouri Pa
ciflc stock In Yesterdays market i'm
/, medately following tho removal o
Kuhn. Loeb n CO. from the board,
pointed TO as further evidence tina
/. the firm has completed liquidation o
It's Missouri lacific stock and 'cashln
In handsome profits in one Of IN
. most sNllfully conducted stock mar
ket campaigns Of recent years,
Neither George j Gould, who's
, title TO the charmonshlp OF the neN
board is nov secure, nor his broth
cr Funk j., would discuss tho situa
, uou Each lutmatcd. however. tina
I inter the meeting TO-DAY Of the boar
, at which the resignation Of the Kuhn
Loeb representatives. will be accepte
q settlement supplemental 10 the on
given out Tuesday by George Goul