The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1865-05-03
Gambling in Wall Street.
LIS And BEAR,.

Nobody needs To be told that q bull Is an
operator Who buy stocks iOr the rise AMI "a
= bear one VINO sells fur Tie TAI. The for
mer l. said, ~ Wall street pariauce To-" 20
/ long Oi stock when he buys: the other
! 10 ''sell short. When man has bought
| oOO Eue expecting lJ ID rise ne Is said 10
I he " long vi krie:' II be mas sold 500 Hud-
! son Tor future delivery. expecting il tO fall
/ lie Is pronounced '- snort " HudsOn. '-
/ IheIe are many W-ys uI buying and selling
stOcks People WHO have plenty al money
4 buy Tor cash or regular which means
that the stock viii DE delivered and paid
for next day. Others buy on BUYERS op-
ton, 50 many days; a. which case the buN-
er has right tO call Tor the stock al any
time before tie maturity Of the CONTRACT
and dues not pay Tor IL tlil then. stocks
may be sold Tor cash, or regular. or on sell
lers option. 20 many days. M which case
lie seller may deliver OF any dav prior ID
lie maturity Of the contract and cannot be
called upon ior the stock I'LL then. Asa
rule iderS-by which term is meant .n
persons who speculate in stocks VIII our
beng brokers Or professional specnlators-
buy nn buyers options. ami -ol uu seller.
options
W. ""ll ''ic'l leTli'T> are DaI Oh
-. %c ~, i'''i- Q" ihr tendency
~ VI 'l' MIA. ~, - persons seldom make
''VD's --' "i average foresight j.
- '''" ''is "' e' %, circumstances which
l''9 'i =" 'H rect SD 'aS'. ilai
.-'- ''.' "'''' '' see lEeii "ll---
''i',''A ,'''I e,efF le" years
VIII SlS'e an 'l"rT"I
o.. ',.r III "'"i oI the market
'u,' 4' ~ '.',''l rii''-' CN'N'r ilies lhe
,'..', NJ. nv. ~. "'""u "'.A' : I"' u ual
-. r, = ~ o''S -e -.ae ~
n, '.''''7 ",' 'I "I ou4i. : HUG +
-or .'''.. ''.""! nave hreh -
,-b6 ~ ,,l' i'i-'''S ~ '' NltTe'
s,,,'on.l.,,i,,'- ,,.,'-i No. u. "'4nS ihan
~ III d.. - -i' lc- i." llre anu
-' i'u' D. ,"e 'ate affairs oi these
',l 49,. ,...'.l,. '.iI H.. "','' oe i'ui1 ,hal
-. Ga ~ oven idine "ucNa
- '..'1' 'l"' 10 10 say, owe
money which iney cannot pay.
ne true bull ana the true bear are born /
So Ihey 90 not chalige- Marcus IL a man
YOU cah pace at q SlAncc: cheerful j0-
Vial lehOW, VINO thinks the world a good
pace 10 I'VE I'D, ana lis arrangements gen
eFAiiy satisfactory; Who has Faith ia human
pIoSlcss' takes sloch ln new enterprises,
DeAe'ed IN the telegraph railroads. the
oceanic cdoie lf"hi The hrst; Is ready tU
heiP poor ielIo" Do distress, or 10 credit
any reasonable probable good news He
lOOOks on the briSnt side OF things and is "A
Oull. lie was "a bnli al his games al school
and VIII die bull IN Wall street. He re-
Sards the crisis OF leJ7 a. artificial and all
The declines IN values Is the nefari0us work
Oi rascaliy spectators. When the bears
have sway Marcus looses money and some.
times temper. But his Indignation IS hon
est, open. and manly. You can't persuade
MIN that men are al rO~ues and railroad
reports all lies There's a good time
constantly imnosen ' ,',," - ,' ,'T ., ne eets
TO his credulity; but experience does not
harden his heart. Genial old fellow. he has
hosts OF friends and hardly an enemy,
Cassius is a very different mould OF man.
tie WIS born, bred. and lives a bear. Dis
rust IS his prominent trait From his
,'''.'i 80 ~ ~, "'i'1oI ana scnrher lie
,',,. i,' l.''' ''"'l lot long
III -, ''''t ~ 'c "ohe a"ay
IT,, b,e,,, c,;-,, H.. ~ ~ '''al>'dleu
'-...'ii. -. .'i'"Ts me Tor
hi. liz IL ,i.e i'','' l,erlsh-
n or tba ev,,sct,,i...'
: 80. s.'0 ~ ,N'l''"'' ol "'eiIehts mat he
,r,.. fr, fl,a ,,,..-,.;,,,- 1870
- ,t-i17 ~ ms P"PVi ne Il ready 10
- us .Ai',oS ''ie n"ppenih9 Ol any
~, ~ ""'." y Seueraiiy wished 7
81 -, III news unless IL Is {
ho, sro l,,i ~ '''O.' 81, Units IKE hiinSeu'
-, i,l.,I's'.,'.' ''' VII" u's.'U,'- twenty
.i,', -, -, - ..' 49, l''ll"99 render q
49,, a. l.a ',...;., I","'v'9 CohipAhion' =
.d,,,,o,,isl t'-s'' ~ Co'l' s'lioh ana un-
no6ev nm, ~ n,i.r'..,' "u Sc "t Dl''Ncs hi' :
.;,;l r., f,'l,''u'i1' u'i1' bahAruptcy-
bo a,,I $50 80 ''Hu accident are :
;,rl,t - 80 oi.u7 MN rches- Ihe O
''''''' MIN
GOLD GANEIING. d
r,r.,, f,.,.,,,.o.. how,
,nt II i I,',,-,t'.I uI1"e III @oiu'
ave besn to,,, m" any Vi theHl
,een N .o,.aro ,i,.., -. ny .uI'loHs nave
ators bava hoo, -. ,'''s' ioi 1uiidle ope
II leaot bolf - - ~. Soo"oi oI ialer- I
~, onf in Ivsu s., -. '''i' uecii pom -
: b,vin,- roaii,>.i a. ui,ie'ei' .,ii' tunes
anhlin bDr ~, '.'i' .,lillVn oy gold
M ot' I7s 80, -. ~ 'uo'l las 'a"eh \
r rahoIs NJ V.,,t,o,i - ""S cirque .
onisviie To,,l',,l', ,,. ''''o'"oi O'ieue a' h
atp lar,relv in III i..' use.l 10 oPe- =
mn alv9rce,I tio,. ,ll ,,.,iI i''' a S''V lIei- (
'N -t''' 80 ''iStt suns lii-L Ali-N were us f