The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-05-17
NEW YORK STOCK EXCHANGE.
Description OF the Bull ding and the
Gambling that Goes on Therein.

DESCRIPTION Oh the Dull uAhS anu eh<
Gambling that Goes on Therein.
From the Rochester Democrat
There are more than thousand or
the list, a number which would crowd
the hall, but there are 90 many absen'
tees that there ia plenty OF room. The
entrance fee is 3d. 900, but this is to b
considered nominal rate, for it hal
never yet been paid. If you wish g
seat as stock broker you will readily
find somebody ready to sell out, and
the highest figure thus far paid ia less
than $1,000 The general manager OIL
the floor is Mr.. Faye, who is very polite
He has been in office nearly twenty
wears, and retains his youth remarka.
bIv. While others get thin and become
! shattered, Mr.. Faye keeps his plump
form and rosy countenance; but II he
were broker. things might change very
rapidly.
TEE CHAIRMAN,
William Whcelock, is an elegant and
attractive man, and has the faculty oil
controlling this tumultuous body dur
ing it's most exciting scenes He ia
generally considered a very accomplish
ed officer, and his salary (Sl2. OOO) is
not large when one considers the ex-
hsus;,ng nature o! his duties and the
large amount of experience which they
require Mr.. Wheelock is member
OF financial family, ard his brother
Moses, President of one OF the soundest
national hanks in this city. The latter
would hardly be adapted to the broth
er's duties, which are more severe than
those OF bank President. The stock
exchange building il owned by an as
soclatioa which has invested nearly
$l,0O0G00 in il, and receives a rich
return. For the hall occupied ty the
stock board rent OF $25 600 is paid,
and the basement contains about 2OO
sales which rent for S75 each. In these
ss' rs the brokers keep vast amount OF
bonds and other securities, the value
of which has been estimated at $780,
OU0OOO. In addition to these there are
quantities OF fancy stocks which are OF
no real value, ard are only used Tor
fleeing greenhorns.
PERSONAL APPEARANCE.
Most Of the brokers are young men,
and some are very boyish in their APP
pearauce. But they will not be boys
long. This teyerish excitement will
soon devour the vernal beauty OF youth
and few years will change them into
efete and exhausted hacks. Among
the crowd in the lobby q corresponding
excitement Was apparent. and counte-
nauces flushed or paled as the tide rose
or ,e'l Some kept noting the changes
in price, and their p2ncls and cards
were in trembling hands. "You have
GOT it Tor me-" exclaimed one, with
the sheen of the gamesters delrlum
lighting up his eye The remark was
niArepsed to the broker who ha 4 just
purchased Pacific Mail at Sc. 1t has
-ince that touched 40, and is new 53.
AZ tar ils real value. which 70 many
long to discover. no one upon earth can
pronounce upon it with accuracy. All
this time pages are conveying MESA
yes and the telegraph was keeping up
lis communications with Chicago, Lon
don and other distant places The tu-
multi was OF the uoisiest character, anu
above il could be heard the frequent
call OF names, SUCH as Jones" Nor
gan" etc. you want TO find a broker
the only way is 10 below Ills name
aud the sound may reach him in the
crowd
What is that man doingY' inquired
one of the visitors of friend.
Taking down fines," was the reply
"And what are the fines Tor
"For calling socks out OF their usuaI
order"
From this the reader may learn that
such is the rush for the "fancies' that
sometimes q broker will pay five dollar;
TO have one called off ahead OF its time
With this exception q regular list o
stocks is gone over and specific time j
given 10 each, after which it ia passed
until the next day, unless especially
called ior. Fines are Of very frequent
occurrence, and $4,000 year is col
lecttd in this manner. While gazing
en- this crowd, WHICH was, as ! have
said, filled With noise and confusion
one night we'll wonder how business
is accomplished; but amid the apparent
chaos there is an order and system
which is imperceptible to those who do
not understand the mysteries Of the
place. For instance, l noticed two
brokers make horrid faces at each
other, at the same tiiae uttering lnco-
herent sounds, which indicated, as