Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1847-09-30
Editorial Correspondence.

gree suspended, except in Wall STREET Storms
have no effect in extending time Of payment on
notes in Bank, and those who are short" must
shin" IT, rain or shine, to meet their maturing
paper before O'Clock; while the Bulls" aud
"Bcars," driven by the 6crrencss Of tho tempest
from the streets, crowd upon the steps and por-
tico Of the Exchange, to guess at the price Of
"fancics" tomorrow, and endcayor like "kil-
kenny cats" to cat each other up-an operation
which, in turn. they very often undergo.
The fancy Brokers of Wall street are as heart
less, reckless, and desperate gang Of blacklcgs
as can be found in community, and live by prey
ing upon community aud each other. As their
mode Of operation is little known in the country,
and as "green uns sometimes stray into Wall
street to be done for" may give them little
useful information.
There are some stocks Of Bank, Railroad, and
other Corporations, that are known as fancy
siocks"-so called, became they arc poor, and
Of uncertain or 1uctuating value. Such are the
Harlem, Long Island, Norwich and Worcester,
and stonington Railroad stocks These, aud
others of similar character arc, Ike dice, used
for purposes Of gambling. They arc sold at the
po.rd 81 Rroksrs .ome,i,ne, for cash. but usually
q, ,;,uc when odd ON time they are sold buyer
ten, twenty, or 70 many days as may be agreed
mon or seller % many davs--,hat i. a ale Of
49, ..t,,,or ION ,av. y means. that the buyer
may demand the delivery Of the stock at any
time within ten days. seller ten days" means,
that the seller may deliver the stock at any time
,,;,,,;, ,., d.. Thee. transactions occur with
go, .n, ro.l ,r.nss:.r or delivery Of stock--for
:...,.,,.,, A IN, ,oa.v,op % .h.,es NJ IIar-
~, p.;i.,.,, 49, c. seo ~, .I,,re h,,ver 20
r.. h., ~, dol,.- 81 .,ock b,,t n within
- 40 -. -. I'm. 49,, eo a., q, ss
n, o;,hsr I,,,. md de,;,crs n,,;n, "a and 70.
-. ca =. LIN :. ,,oro .,,,,,,ror n nav.
:, 70. -. :. a.. -, .,,,,,.1.o,,
-. s,oo 7, a., a., ,on,,.,,, ne s,o.ck
= a. -
s"o"" 'i'' "e''' W. 1' "'''
should not iaii beloE 3D. ~ Nonh' lose INC uii-
ference, and IN the case supposed, would lose
$50. These operations leal 10 constant strug-
gle between the dealers in stocks, 10 raise or de-
pres their yaluc. One set Of Brokers sell, trust
ing 10 the iallanothcr buys, trusting to the rise
Of stocks and are distinguished by the signifi-
cant terms Of Bulls" and Bears"
These transactions result in extensive combi-
nations for the purpose Of controlling stocks and
as they succeed or fail, fortunes are made or lost
Such combination is called ehecting a "cor-
ner" A recent failure of an attempt to effect a
sooner resulting in the ruin Of the specuaior'
has occurred here. But first let me explain
what is meant BY "corner" A. buys OF b.
500 shares Of Harlem stock, buyer GO days, at
SEQ. lie can therefore demand at any time
within the co days. and when demanded, b.
must deliver, or pay the difference between the
purchase and market price. As object then Is
to raise the price; and b., owning no stock when
he sold, trusts to a fall below so, 50 be can buy
for less than he sold, to fulfil his contract, and
his object Is to dePress the stock. Here the
struggle commences A. undertakes to make
""oFn"r-. 10 d" 'i',' no ,''",, D." "
TO control all me SUCK % ."e ii.u,sn, i'"''Os''
,iA''og ''f'neu 'o , : !. - :,
nave ''.s means N ~ - -. -, g
u'' ~
'r' ,'N''.n ., Va VA - ~ ~ -
- 80. -. s..s ~ IN :, =
-
"'' N'''' 80 eo W
y -. - 60 -, ~ -
- 80 s.,I 80. - -" ~ 10y Ie ~
-, ,,,,r,,,,', "a ,s ~. ~
IN ,h.;r h.nd. h. ,nn,, ~. -, = -
IrL. 30 ~ - '' 'a''
- n - 49, o' 'i,o
a. A 80 ~. - '.' -, ',O'. S'V n
al h. - 49,, 70 -. Dus' Wv SUI 'An'
same a,,o,., "''-' N''
II !. Ia a., ,tu.Lc
con,r,c, e,o,n Me- VI !, NJ III 1.e MAJ,
s,ar,od -, : 80 ~" ,'A,en' anu
~ ra.o,,,.',... ~ fs-'Ao- ~ -I "'us'
e,;l,,.o - - r r..l y !" -es"p', anu
u.rla,, p.a-.Sa 49,, =. .'o s'o'N Oh inc
os ,e 600 -. o'u "s eonl'o'
",'" "'u i''seu inc pnce
full "corner." But after he started the onno.;;.
ton, Broker, acting as Il is supposea nnder
orders of Mr. ". suddenly offered 10 ell on
time lOO0 sharos n, IN ~, IL, -..