The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-01-15
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eAionsAf MokNlNG..... -. JANUARY 10 1850
stock Gambling I'm New York

The New York Herald thinks that Wall s,rso,
10 fhe greatest gambling hell in the world.
gambling hell compared to which Baden siut.
ieto insigniheance, and fTsscati pales his in.f.
ieetua fires, and goes on to illustrate M foIiox.
IT" estimated that there are three hundrsd
persons IN or about Wall strest who 90 nv ,hs
"%ne OF stock brokers, aud who make living bv
sehihS soa buying s'ocks-for tho public wben
tue public Is "a spccuiasor, for themselves wben No
omm'ssion business 10 to be had. Theso arc
o'ided into bulls, or partisans OF rise in stocks
~ uu oeA's' OF advocates OF u fall. About halt OF
VIZ ~no.s nuihoer occupy seats at tho Stock Ex.
ehasSe' tue other half are either fallen anpeis
VINO nave once belonged To the board, and have
A'at thsir seats by reason or aspiring
Saints, Who want to got into the board or aaeidaS
aelons, who know that they can't get into the
oeard, and don't try. They are sometimes noun
AZ hgot artillery, and sometime, irreveutly as
sealy wags. a.
All OF thsso--in aud out of Paradiss-are AZ thu
present time trying TO make living by speculat,
ins Ia STOCKS, IN the absence Of a commission bus.
ibess Brokers as they are, they REQ uire beef aud
hrtad-casslnere and boots for themaelves s,Ik
ana noops Tor their wives; they buy and sell To
that end with an earuestness deserving of reward
ON Monday morning two hundred of them believe
1naI New 10TH Central is going up. and buy, on
an average, hundred shares apiece. This pur.
chase oil $1,000 shares naturally puts the price up
Ihe moment 1t rises half per cent the specuIators
VINO bought nrst sell out to make their profit and
tue Piite Eiis lDs then, come the other hundred.
who believe that Central is going down; they sell
ten thousand shares, for delivery thereafter This
OF course knocks down the price, watch 80 territes
the bulls (Who bought as above aud did not sell
out at proft) that they instantly sell out at a
loss, and dine that day cold beef and pickles.
presently the bears, who sold for delivery begin to
buy. Arumor goes through the street that Erastus
Corning and Duncan, Sherman & Co.. have agreed
to buy up tweaty.hv Thousand shares: eyeryb BODY
rushes 10 to buy; Jacob is buying, kowaiski Is
buying, Groesbeck is buying, Whigehouse is buy.
ing, Stebbins is buying; the light artillery declare
with tears In their eyes, that Central will go to
par IN week, all the bears in fear aud trembling
cover their contracts at loss and after terrible
hurry OF day or two, dead cain succeeds g.
Jacob Oilers to sell couple of thousand shares.
noeody wants them, aud the market falls off at
least twice az much asst rose.
Such, In brief is the history Of Wall street
speculation at the present time. When ",he pub.
lic come in, the case is different Then the street
| combines against the outsiders, and heeces them
TO certainty. But when the brokers are left 20
prey on each other, the fight is such as is relate
above, and hard ght il Is. It said to be diff
cult to make living by writing books, or paint.
ing pictures, or selling dry goods, or breaking
stones; but the worst OF these must bs an opu!eut
calling IN comparison with that of stock specu-
| lator in January, 1859