Weekly Trinity journal., 1872-04-06
NUMBER ii.
STOCKS UPi
A Nice Little Gamc-rwO Small
Pairs against "a Full Hand.

EAArS against "a kmLl AhMnu.
With the exception of politics, no pro-
fession known to the highest civilization
is SO free from taint of fraud, trckery,
corruption and rascality, as that of stock
gambling. The ring operators in stocks
disdain anything, which, if practcod by
Barbary Coast spectators would render
the performers amenable to prosecution
for conspiracy" They eschew short
cards; frown Indignantly on the strap
game. They do business on the square.
This week the stock operators have
been excited over little transaction be-
tween two rival rings, in game of freeze
out, wherein shares of Excelsior stock
represent the beans.
The story is briefly this: Some months
since, two or three leading operators ran
Excelsior stock Cope District, Nevada),
up to paying figure, and unloaded ut
handsome profit. Then they turned
around TO bear the market, and sold short
to the full extent of the number of shares
in the mine, and something over, hoping
to break the few and fill for delivery at
much lower rates, pocketing a second
profit. But their little game was inter
rupted by the Mcdonald party having
bought up the contracts as fast AS made,
and cornerod the stock. Instead of going
down, it went up, up, up! Every time
the Shorts offered hlutf, Mcdonald saw
it, and raised them. On "Wednesday last,
Stanford, n prominent broker, held 1000
shares of Excelsior at $40, "buycr TO-"
Mcdonald being the buyer. On Thurs
day, Mcdonald having satisfied himself
that no one Of his party had gone back on
him and sold his stock, called for the two
thousand shares. Stanford saw himself
cornered, and instead of Offering to settle
on the best terms obtainablc, rendered
instead of the Excelsior, quoted in tho
Board and exclusively dealt in, 1000
shares of the stock of an Excelsior mine
located in White Pine, having no value
whatever, and never quoted on tho list.
Mcdonald of course refused To accept it,
and had afterwards offered the contract
from Stanford for 1000 shares of Excel
sior, buyer l0-the contract then had but
. days to run--in II jump on the Board,
and it was struck oil at 800 per share
OF course to ono of the parties interested
in the corner"
The account then stood
1000 shares Excelsior, bought
AT SlO per shnrc....".,........,.,,SSO 1900
1000 shares Excelsior, sold ut
SlOO per share.....,".............S2O 600
profits Sl20,000 on the little transaction,
difference in favor Of Mcdonald, $l20, 900.
A fair profit one would say for II small
transaction effected within twenty four
hours. On Friday morning Mcdonald
presented the account Mt Stanford's office
and demanded the payment of the little
balance. The seller happens to bo out Of
Sl20,000. Mr.. Stanford was not in, but
il he had been he would probably not
have been prepared to settle at that mo-
mcnt. At the afternoon Board Melon
aid reported Stanford in arrears for $l20-
900, and demanded, under the rules OF
the Board, the appointment of IA commit
tee to report the case for final action with
a view of compelling Stanford TO pay up
or go out OF the Board. The committee
was appointed, will report this afternoon
after the sales hour, aud the case will be
acted on at the close Of the regular session
of the Board. IL is nice little game be-
tween two experienced players, and out
sidcrs have nothing TO do but look on in
that calm and contemplative frame OF
mind enjoyed by the traditional old wo-
man, when her husband was having
rough-and tumble with bear.
McDonald's friends say that the rule
is imperative, and that when Gould Il
Curry" is called in the Board, The q. u
9. of the Comstock ledge, and no other,
is meant. Ifa broker was allowed to sell
any other Gould Il Curry in the Board.
when the G.. ~ @. was called, it would
lead TO unlimited swindling, and the ere
alton of fictitious Gould and Currys all
, over the country, thus destroying the
generous confidence of the public in tho
entire BUSINESS and all who participated
in it Stanford must therefore pay or
leave. On the other hand, Stanford's
friends claim that the Excelsior which he
sold was given him BY friend 10 sell,
and ho supposing that it was the Excel
sior, sold il in good faith, and as it was u
mutual mistake all around, tho whole
transaction should be cancelled.
The parties appear TO be about equally
divided in the Board, and so is public
feeling outside. IL is very pretty quar-
rel as it stands. II it was in any manner
our business, we would suggest the refer
orence of the matter TO select commit
tee of draw poker and faro experts, whose
decision should be final, but it is not
therefore we make no suggestion at all.
Settle it among yourselves, gentleman,
the ouside public will not lose anything
by the transaction, which is not the rule
in ordinary stock Operations.-S. r. Post.
-
A RIVAL no TEA AND CoPFEE.-Tea
and coffee are threatened with Brazilian
rival called guarana. Guarana consists
of the seeds Of a tree known to botanist
as the pautinds s0rJitis which is very
abundant. The tree produces fruit about
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