The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1847-10-05

known the latter 10 deceive me by pointing
westward, when, according 10 the weather
| it should have stood in the opposite stormy
quarter. But the face Of q siock-operator o.
New York was never known 10 play tricks oil
this kind, within tho far-reaching memory ol
that most respe ctable, and often refsned-to
individual, the Oldes, Imabitaat. No mas
ever saw smile on his phiz, except when
the sun shone. a -atda sii cd "
There are some shrowd men in New
York, Who perfectly understand these 'skyey
inhuencss," and regulate their speculative
movements accordiagly--buying in storm,
especially if i, be along and severe one,
and selling out whenever the succeeding
clear weather has produced favorable re.
actien in prices. One rich individual, living
up town, the moment he rises in tho merning,
opens his window and looks at the vane on a
neighboring s,eeple--,he only part Of the
church, by the way, he cares fig about
and If the wind hsppsn to blow from a rainy
point, he has,ens down town, and orders his
broker to dive deepinto some Of the 'fancies.
II, however, the day be clear, he stays a.
home, bis broker being already instructed to
sell out some previous purchase, as sson as
the weather should warrant. .H.
But the weather, though NEST powerful
agent in the fuctuaiion Of prices, is by no
means the only cause of those great and
sudden changes in the marketable valus Of
securities" which take money frsm one
pocket, and put il into another. An sppre-
hensiOn, well or i'll founded, Ut 10 the same
thing in effeci,) Of an increased demand for
money; paragraph in a newspaper, announ-
cling, nysteriously, that some sort Of news,
concerning nobody knows what, may be sx-
pec,ed in few days; wars, and rumors Of
wars; and reports about different matters,
however trifing and uninteresting TO the ma
jority Of the people; oil these are sufficient
to dash brokers spirits; and produce PAN
ic in the market. 4, .
Stepping ints the great room Of the OK
change one day, TO see the doings at The pub
lie board Of brokers', /, like the rest Of the
crowd that stood locking on, became inter-
ested in their proceedings, and was soon
seized with desire 10 try my luck in spec
ulation. l had previously heard of this man
and thai, having realized their thousands in
a. many weeks; and ss stocks wore advan-
eing, and likely, fol aught that appeared, to
have an "upward tendency" for some time
10 come, saw no good reason why !, too,
nigh, not insresse my little capital in the
same rapid manner. "The prospect before
US is cheering" said 10 myself, "the bsun-
dary question, thanks TO the great Daniel, 10
settled; money ia plentiful and as cheap as
dirt; and in all human probability, Harry
Clay, or somebody equally worthy, will be
our next President. 1t follows, therefore, as
a necessary consequence, that good dividend
paying stocks must advance.
New this seemed we'll reasoned, to say
the least, and the conclusion just one; but,
alas! for human foresight! the good stocks
in which alone / venturcd at first, like 4
baking horse. stood still, or If they moved
at all, refused to bulge an inch in the right
direction. The bad stocks, those not in
irinsically worth fig, were those which |
should have purchased. They wen. up like
a rocket; but mine, from the moment that
I bought il, seemed to have suddenly &C.
CURED one of the properties ofIead, for il
would go down, in spite Of every effort made
to keep il up--and the papers called It hea.
w. Heavy enough found il, heaven knows
But ! am anticipating, and running ahead Of
my sivTy. r...~- s
When entered the exchange, vas, the
possesser of fifteen hundred dollars--the "a.
wings ofmauy years Of industry; but was
tired of work, and lsnged to make aforiune
rather by the exercise of intellect, than BY
the labor of my hands. II promised me q
fortune in the hundredth part of the time
that it would take me 10 accumulate one in
any other way; and then twas so fine,
thought, to be considered heavy dealer in
stocks, and be regarded as great, bold op
orator, and capitalist. How could I, with
such lofty ideas in my head, ard with such
consciousness Of possessing superior tact ant
talent, 70 back quietly 10 Dork! Pah! The
very thought of such thing slckened me.
l caught the eye ofa broker with whom
was acquainted, and, having beckono'l him
to me, requested him to buy ten thousand
dollars worth Of Ohio skies, at the make
price, which happened, ! remember, (and
shall never forget it the longest day ! live,
10 be one hundred and four. The day wa
pleasant, tho rsom light, and well filed will
cheerful spectators; the brokers were in goot
spirits, and disposed TO 80 deep in their ia
vorite game, and, 10 use common expres
sion, the steam was up TO the highest poin
a, both boards, and in the street.
Me.hinks I hear some one ask how 81
much stock was paid for by a man worth bu
fifteen hundred dollars, all told. lnnocen
one! will tell thee. Iborrowsd the money
or about ninety per cent, Of II at sst, for
fsv days. and gave the stock itself az secu