The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-16

New Yovs ossua RArrcsd socs 81 si ~ esns p teo o.
nne~n days me price dxed psvs Of The buyer
S.s's f,.sa's above We can ysss " &c. See
buying TIE call can opy loco seo nngscs ep " sik
he fes hm monsy eses s,d su asove tnst 10 % mscn
pronI THIS business . oonnsed aimct ea'rs'y 70
NE curb s.oae brokers 10 . species Of sssing ABOUT
par With 'roulene"
Pun-whens spscpls,cr shnhs mat siocks going
ourrss rss sives smsh ssa Zoe ,ss privilege
Of denverbg snail amouns OF st,ck ~ certain prioe
spsc.l..or sou give .sy p GO % ps." o. ds,ss 100
shares a. per can't Say nexs vess tsa days o. ssy
short time ne can osly loss his 90 'es make,
back and al below that much profit oosraaons of
this kind are carried principally me caro- sioae
and very little capital
Po'sr aHd Con feai,.-Durins ne time the books Of .
company are oiosea for The payment u dividend cr an
s'sc0o o. 70, 20, P.rpo:s mere can % no " s o.
Of stock made during be o'sns me BOOKS, dsyer
aole on the opening; all ccntras, wncsher buyers or
seller opeon, bs. mature curing mo Same time, are
carried forward 70 the opcr,ns salc
made whore the buyer requires mmesisss delivery 10
that she old delivered .ilh power o.
attorney transfer on Of aeer ihs opsninx
OF the books raese TRANSACTIONS reported In tins ssosx
LIST, Win tne letters aud Walsh means power and
ceFudoste. sales for cash, mste during the closing
OF The books not MAJ ked and for tne opening OF
the books, aad al marked opg.
Curtstone Brokers This 10 very large csss Of spscu
lAt0rs and is posed OF Of the Oldest ami
experienced operators Ia the nauy q them have
been members Of the STOCK Exohsnge ba, from nsvns
failed 10 fulfil their contracts during soms OF the NJ
merous ups aud downs OF the market, have been DON
pehed to vacAte their seets iost ship
The curbsonc brokers have leased large directly
under thss occupied By the regular board AMI durnG tbs
session o. me eosrc communication kept Up ottWeen
the Iooms 80 that any transaction 10 koown below -
room as made. Cpon nlo nation derived In This way
the cur oetot brokers among An1
frequeniy with and for the Of outsiders. rbi
class OF hpecuelos are parc LARRY fond Of operating ia
puts and cas and In fact resort all different
thods OF doing largo business small capital. The
contracts OF many Of these carostoie brokers
anely better than many Of the regular board, and
taken moro readily by outsiders There are not NOR
"Bfokers' Board" who have actually Any capital and
whose contract II considered nret rate II ~0al be
good thing for the profession and for the any NJ
large the regular board reduced halt BY turn
making up the denctency BY admitting the most exps
rcnced and responsible OF the esent curbsonc board
Spread EooIe This II . term frequently used ameug
stock cuators. broker satsnea with su,a profits
sells say loo shares Erie Railroad vock at 49, buyer 90
days. and ~ the time buys the quaouty 81 ST.
acllor go days The difference Ia this the price
per cent, which would BIO muoh profit, withou'
full time. Having sold buyers option 80 d. snd bought
sellers option 81 days the time equal, but will be
that he does not control the option IN either
The buyer call when he peascs which would compel
the spreSd eagle" operator 70 deliver, and the seller
may deliver any time, which would compel the broker
receive he has capital 70 carry the result would
differ from that mrs, anticipated, but II not, he may
caught tight phase, and suffer serious losses
the whole rather dangerous busoobs but the
extent ~ buying or selling On time Tor rise or fall In
market value.
Regular Way Very often In tbe report Of stock sales
the letters attached TO certain operations This
regular way the delivery Of the stock sold The
next day. All sales for cash are for Immediate delivery