Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-15
BIC FELLOWS REAP
RICH HARVEST IN
BOOMING MARKET
Morgan, Rockefeller and Du-
pont Gather In Many
Millions
SMALL DEALERS MAKE
TREMENDOUS WINNINGS
Money Mad Spectators
Dressed In Rubbers Jam
Gambling Resort

New York, Sept. l5.-The Morgan
Rockefeller and Dupont groups of fin
anciers have reaped millions in in
creased valuation of their holdings in
the present boom on the stock exchange
according to estimates in Wall street to-
day. Steel, oil and motor stocks have
been leaders in the wild rusn of specu-
lation which recorded one million shares
day after another and sent prices to
new high records ON many successive
days.
The boom started in the "MOrgan
group" and it is common talk on the
street that bullish sentiment was de-
sired in order to facilitate the flotation
of the recent British loan. AS the up
ward movement was getting well under
way, Maine election returns were inject
ed into the situation and price move
ment followed, described as similar to
the boom which started when first re-
turns indicated McKinley's election in
1856.
United States Steel went to record
at l07 share yesterday, figure which
was duplicated today; General Motors
shot upward at $50 day rate to $3.50
a share and was but slightly under that
figure today.
Standard Stocks Rocketed.
On the curb the various Standard Oil
stocks have been successfully rocket.
ing, Standard Oil of Indiana, Ohio Oil
and Prairie Oil and Gas selling up
nearly hundred points during the
course of the movement. These three
groups represent in order, the interests
of Morgan, Dupont and Rockefeller
International Mercantile Marine, an
other Morgan interest, which, with Uni
ted States Steel, form the two great
est mergers ever made in this country,
has been another of the leaders in the
present movement, common selling from
80 cents to $50.75 and preferred from
So to $l25.25 in little more than a
year.
Identified with the Dupont interests
are two other groups known as the
Kaufman and the Chatam. Phoenix
bank groups. General Motors, Chevro.
let Motors and United Motors by their
advances, have enriched these men by
millions. Almost unnoticed General Mo
tors new stock appeared on the curb
market, selling for future deliveries
"when issued" and jumped from $12j
to $l60 share.
Little Fellows Are winners.
1t is on the curb that the little fell
lows have run shocstrings into thou.
sands during the present movements
The game of the small speculator there
has been riding the upward market by
purchase of low priced copper stocks.
One example of initiation in this list is
furnished by United Verde Extension
par value 80 cents, which sold at less
than 50 a share recently and had jump
ed today to $45.
Wild scenes were enacted on the curb
today as "war brides' continued to ad-
vance. 1t poured down rain during the
morning, but trading did not even hest.
tate for an instant. Dressed in rubber
coats and hats, curb brokers dashed
from group to group in the street, sig
mailing and shouting orders to their men
leaning out Of windows. The crowd
iammed the street from curb to curb
and shouting OF the brokers could be
heard blocks away.
CARRIED for the bad weather the
brokers appeared to be dressed for a
carnival. Men representing different
houses wore various colored rubber hats.
Blue, red, yellow and orange hats bob
bed about in the crowd, while, with n
wild gestieulating the brokers trans.
mitted orders to their offices.