The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-07-27
sPECULaTIoss N WALL STREET
p,..-,, stat. or the Hosey and stock
Marksts-

AhEAEGAs
ms q sas-"'oT:l ~ &C., @i
The usual facilities which are no~
.eoordsd TO the various combInstioEs
are taken advantage Of 70 the utmost
limit, and there Is no Obstruction
esused 70 the general advance, either
by outside realization or by the addi-
ton 70 The existing Ahort interest but
sEithEl. the absolute business Of boTi1
Ede commission houses i "unpisasanI-
Iy dull" Il Is very easy 20 account for
this apparent anomaly. The daily Isl
Of sales al the regular and open Boards
rspcn transactions 50 large, and 20 d.
Ter6ihed, that the casual observer =
zstonizhsd at their magnitude, bat II
must b remembered that me OPT
lions Of the past fortnight have len
principally confined 70 few PeIuHs,
and in many instances Tosre = Per
cent o.ocurs in AaToE OF the purehEssrs,
me stock l. in msiiEte!y sold andi on
a buoyEnt market, fresn ventures Al =
a. readily taken, % that out Of neaT!S
10 fJs1 shares Of stock which are se-
,.,g+E1i 70 have changed hands today
n SsgT York, very probably the mum
F-zr Of shares which have to Dc PrOFl-
I is-i fur bv payment will not reach one
2 HonrIh OF that amount.
on The London Stock Exchange II -
the custom Of brokers to simply pay
40 RECEIVE 0LlElcu[l77s 644A
only arranged on specific setting days
which oocuF every fortnight: hence We
sse English Consols quoted to-day at
4fgS for money, 81 for account, which
means e85S for edsh, or ei5< without IN
JsresE next setting day. Inlz system u
ignored Oy the brokers on Lis EIDE OF
Atlantic, so far as ;he!r business trans
actions among themselves are concern
CO. bur they nevertheless are conon a.
ally doing the same thing foE others )
when they buy and sell the same STOCK
sitEsr at one Board or on the same day.
IL is quite usual TO make deliveries At
Other rates than those al which the
transactions were made, and Adjust the
difference before the bank accounts are
Tnen again there are often Whist is
TernEcularIy termed az dsksG' sales,
which really means that by mutual
understanding 10 stock is TO pass be-
tween the contracting parties 10 Inc
transaction, buE the sale - registered
and goes forth TO The public as an ALSO
!ute transaction, and very often e=;ab-
fishes a future price for the STOCK SO
.lcdsAsd." This deplorable phase Of
speculation ofIen causes great deal OF
dissatisfaction, since bona tIds holders
Of stock may have given orders 70 sell
a cerIaIn stock at limit, at which a
vast numb Der OF shares are reported sold
tue kE6uN9l ISL dA44 ~ - 4A7-lSH
that they have failed to realize. The
poor broker is blamed for his want OF
attention, or perhaps mis- incompetency,
when really such prices often exist
merely in the imagination Of the parties
endesyoring, "by hook or by crook"
70 turn the market in their favor.
The 6sars undoubtedly begin 70 feel
somewhat uneasy at the present con-
dit!on of the market, and in Dy-Rone
days would perhaps consider them
selves on the EhOTns of a dilemma" but
since neoFHeTS' have been universally
proved to be highly injurious to
auy clique combination, the ursLs HOJOT
Of Wall street can well afford to bide
their time and wait patiently; rich
harvest was reaped by them last win
ter, and they can yet Withstand very
considerable Imitation in prices out of
the accumulated profits Of the last nine
months.
This is the market for the casual
speculator TO realize on; the public to-
day are Eaddled with large number OF
speculative shares, some Of which are
now held at profit, while others are
barely up TO the standard of first cost
outsiders must be alive to their own in
terests and must grasp the golden OPP
portunity TO get out at the first chance
Of u profit, and 1t cannot be bad policy
TO allow the street brokers OfNew York
TO c8rryton the.fght OF the ''Kilkenny
cats, " wben the public can afford to he
calm lockers on at the contest.
The conflict on the New York stock
market is fast approaching that point
when operators are becoming teverish-
Iy anxious 10 unload; ana although the
present course OF the market may be
continued for fifteen or even thirty
days, yet those who are the last pur-
chassrs will have to pay the piper
pretty handsomely in the event OF a re-
action. which is as certain as the recent
advance,