Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1872-02-22

the traders sometimes called Guerillas
or Scalpers, and the Goats
What are the regular Bankers and
Brokers?'
They are the regular dealers in
stocks, who do not go into the stock
Board themselves, but who buy stocks,
pay for them. and carry them. They
are represented by such firms as Trevier
& Colgate, J. Cook & Co.. Henry
Clews & Co., Scott, Strong & Co., Os-
good Brothers, Cecil Stou. & Thayer,
Osborne & Chaplin, Van Schaick, Mus
grave & Co., Glendenin, Davis &
Amorv. Drake Brothers, Rufus Hatch,
Kid, Pierce & Co., Jameson, Smith &
Getting, &c, &C.
What are Executive BrokersY
They are those who go from one
office to another soliciting orders from
the regular bankers and brokers, and
execute the orders given by the regular
bankers and brokers. Among the
street brokers are Eugene Bogert. J.
G. Young, WIN. Heath, known as the
American deer A. Ii Combes, known
as the giant; No Mitchell, Robert A.
Kane, and John w. Brown, who COM
pose the Gilsey House syndicate also
Minis & Carey, Harry Nichols, and
Aaron Wolf
What are the traders, otherwise
called Guerillas or Scalpcrs|
They are brokers who remain per-
manently in the s,ock-room They are
among the lunatics. They are solid,
wcll-known men, who turn from 200 to
500 shares of stock just to make an
eight per cent. They speculate entirely
upon the present transient state of the
market
"Why do you call them 'scalpcrs !: "
Because they scalp their eighth per
cent, wight Off of stock, and then let
the regular fellows have it, For cx-
ample, if John Quiglev sees some
broker filling All order for Rock Island
stock, he Immediately buys few hun
dred, scalps out his eighth per cent.
anc kts the regular fellow have it.
Johnny Hunter is the great American
scalpcr on ST Paul. H. don't permit
any one TO buy or sell any st. Paul
stock unless they pay his re9ular scalp
ing tribute OF an eighth per cent. They
are some times called the eighth per
cent. chasers. The most reliable and
the heaviest scalpers, men who scalp
right and left-scalp everything and
everybody in the Stock Room-are
Isaac Sherwood. Commaudcr-in-Chief,
assisted by 10. Stevens, James Wilson,
Jim Oracle, ii. a. Patterson, Mr.. Dot
| ger, known as the .Artful Dolger,
Fred. Nathan, Montitlore Isaac, Harry
Cross, Bllley Henriqaes, known as the
Great American Market Masher,
| and
'uold How does Mr.. Henriuue spoil
the market" | asked
Well, said the Committee OF Brok.
ers, If Billy Henriques should see an
innocent man trying 10 buy New York
Central at yo, he would offer 9sl for it.
and if a poor fellow wanted to sell
Lake Shore at 9li, why Billy would
offer it at 81. just out of pure kindness,
and TO mash TIE market. The most
cold-blooded 'scalper' is called North
west Barlow. Leroy Nichols and
George Dickinson have been promnen,
seal pers, but they have now joined the
Goats. Mendez Nathan and Sam Post
don't let pleasure interfere with their
little eighth per cent. when they can
help it. These scalpers are most all
rich, and they generally live in elegan,
brown -stohe mansions
Now. gentlemen, what is Goat or
Gutter-snapper? asked
The Coats they answered, are com.
posed Of busted up scalpers- Many
of them have been magnates. Some
times they are spectators of moderate
means. They deal in puts and calls
and make small (from s. to s50U)
bets on the. rise or fall of certain
stock before specified time They
generally smoke good Partigas, have
their boots blackcd twice a day, talk
about Vanderbilt and Drew, and then
60 in and dine of of six cents worth
of crackers.
Their faverite occupation is to stand
opposite the Gold Room and bet on
the rise or fall Of the gold indicator
The most prominent among the gouts
are the Rev. Mr.. Gano, from Jerusa.
lem, Mr.. Haskins, and Mr.. Oppenhelm.
Gano peddles books, or does anything
uptown till he gets little money
which he invests Immediately ia the
street. Mr.. Oppenhelm appears at
intervals, after great fires, with dia.
mopds and jewelry, which he sells to
the brokers on Change. Now and then
he gets up diamond rattle, and with
the results, operates on the street
What is a putt
Suppose Erie is 81 to-day. and |
think it is going down, say to you,
will give you Sl00 for the privilege OF
putting it at 30 any time within 80 Oh
SO days-that is put. If it goes to
%, buy it in and put it to you for 80
making per cent.
The wording of put is as follows
February $, Is72.-For value received, the
| bearer may put to me one thousand shares o
Lake Shore at 81, on or before February 80
1872. JOHN SMITH"
what is a 'calP?'
In the same case suppose l think
Erie is going up. l say to you, if you
will let me call 100 shares Of Erie from
you At 81. within sixty days, will
give you 500. If Erie goes up to "a
l call my Erie at 81, and make three
per cent.
The wording Of call is as follows
FEBRUARY !, 1sT2-For value received the
bearer may ''calP' from me one thousand share;
| effort Wayne, at 81, on or before February 80
| 1872. JOHN SMITH
What is hedging!
III buy certain stock, thinking i,
is going to advance. that is get long
in it, and it begins to fall, 60 and sell