The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-01-31
LETTER FROM NEW YORK.


W
NEW YORK. Jan. "a, 1868.
There is no end to American ingenuity to save
trouble and labor, a remarkable instance of which
Is the new telegraphc indicator Of the prices of
stocks and gold, now in use by most of the promi-
ment stock houses in connection with the Stock
Exchange. In the Office Of one Of the largest
firms l saw the working Of IL, which renders it
only necessary for person to take an easy chair
by the fire, and observe the operations at any ses-
sion of the board. This firm has large room in
connection with, and which is a part of their
Office, furnished with lounges and easy chars, and
long table with writing materials upon it for
public use. Here any one desiringE to talk
stocks" or speculate can go and take a quiet
seat, enjoying the luxury Of good Havana, and
give his orders to buy or sell by simply watching
the indicator. The operator sits in board room,
and as the stocks are called he telegraphs the
prices, fluctuations, etc., which are printed off in
all the Offices using it, on the principle OF Houses
telegraph; SO tina: instead of waiting until after
the board a6journs to receive stock list, each
broker receives it in his own Office as fast the
calls are made. For instance, the board are
operating in Erie and 100 shares sell at 70 another
100 at 623, the operator sends it out over the
wires and it is printed out on piece of paper as
fast as the stock can be bought and sold. Then
he remarks Erie, strong" "weak," steady"
market feyerish, ETC., etc, ss the case may be.
The same is the case with gold. This Indicator
has the figures and fractions, and as fast as il
fuctuates a bell will suddenly ring, and on look
ing one can see the figures change from 1891 to
1874 OF 10 l3U, etc., etc., as the case may De.
This, Of course, takes place in all the Offices at
the same moment, and enables customers to take
easy seat in the Office of their broker, and his
fate is before him every moment without the
necessity Of running out to find out whether he
is ain" or "out" on his last "spec."
Verify this is an advancing age, and nothing
surprises an American now, as wonders have en-
tirely ceased in this country.
The Circle Francais de rHarmonie" gave
their third annual masquerade at the Academy
last evening and grand affair it was.
At O'Clock the music struck up lively march
and the fancy dressed folks made their appear
ance upon the floor, dressed in all descriptions Of
costumes, from king TO a clown.
After midnight the crowd commenced to thick
en-, and about l O'Clock this morning the scene
upon which one gazed from the balconies was re-
splendent with the brliancy of the varied colors,
OF the gorgeous costumes, as they shone out in
the brightness of the flood Of light from the gas
jets.
The professions, etc., were similar to other
balls Of this kind, and when the masks were re-
moved some pretty faces showed themselves
which were familiar to the habtues Of the
Academy.
Masquerades, although contrary to law in this
State, are nevertheless very popular; and some
half dozen Of these French and German societies
hold them every year, atfording more genuine
fun in one night than can be had a whole season
at ordinary balls.
Foreigners are not so prudish about their
dresses being short at both ends and the attrac-
tion is quite great as the Black Crook" ever
afforded in its palmiest days.
EYES AND EARS.