Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-10-02
uriA GAZETTE & VIRGINIA ADVERTISER
Stock Brokers' Vocabulary.

Of the bull is to toss up or advance prices and
that Of the bear to depress the same; but very
often, when the bear finds thatthe bulls have got
the market rising, with a prospect of further
advances, he suddenly deserts his friends and
goes over to the bulls, until he thinks the mar
ket is on the turn, when he rushes back to the
bears again, and grows as vigorously as ever.
Bulls perform the same feats among the bears,
so that bulls and bears change places as the
hope of making money on one side or the other
prevails The bears, however, have the special
feature of thriving on troubles, anything that
unsettles values puts money in their pockets,
and hence their schemes to produce money
panics, lower prices, create distrust, for then
tuned people are anxious to sell at low figures
that the bear has his profit, being sure that
when the panic is over the articles will rise ID
value.
Connected with these classes are the terms
''lo6p" and short" usual 10 stocks or gold.
The bulls being always long Of stocks and the
bears short, for the speculator who holds stock,
expecting to sell for profit of course, long,
while the bear keeps 40 stock on hand. His
business is to self short, or to sell property
which he intends to buy aud deliver when
prices are lower than bis contract specl-
hes. Usually delivery is required prompt
V,
paving so much day for the use Of
it, while meanwhile the bears who are 10 this
condition of borrowing at high rates are busy
in every possible way by means of rumors false
reports, or even lawsuits, 10 depressing the
prices of the stocks they are 'short" on until
they can buy at reduced rates. This ham
ueriug" is very exciting business, as the
hammers" are quite as busy in sustaining the
prices in order to squeeze" the bears, which
is sometimes most efectuaIly and disastrously
performed by the grand operation of getting up
ia corner" This is managed by union Of bulls
who, ascertaioipg from the brokers and by 9th.
er means that there is large short interest. :
proceed to form clique, and purchase or
obtain the control of the stocks on which the
bears are short, in order to control the market
aud exact such prices as they please. AS soon
as the control is assured an upward movement
is suddenly begun, when the bears, fearing
further advances, are forced to buy; and then
the very men who hold the stock turn out to
be those to whom the bears sold short, aud
now sell it back to them at a heavy profit for
delivery.
CorDering demands great generalshlp, but
when successful is enormously profitable, aud
often is arranged beforehand to trap the
bears. A fancy stock or one of little or no
Intrinsic value, is selected; by means OF
brokers the stock is picked up gradually by
the Clique until the control IS secured;
then the bids for the stock are made and the
bears go heavily short, believing there is
plenty of it to be bought for delivery, but when
the day OF delivery arrives the only stock to be
had is in the hands Of the clique, who pro.
ceed to twist the bears until they "squeel
doIorousy, aud are forced either to fail, and
become Lame ducks, or else cover at ruin
N
York and in Europe where million OF dollars
have been made in day by single operator
in a successful corner
A Put" is where a person proposes to
put" THAT is to deliver) to another an amount
Of any certain article within certain time at a
price agreed upon when the contract is made
and gives Bonus for the privilege fthe
article does not fall in value to an amount ex-
cceding the Bonus paid the party who paid
the Bonus cannot make anything by the
transaction, but is not obliged to deliver the
article. A ''caIl' differs from Put 10 this:
gives B sum agreed upon for the right TO
call from B within certain time liked
amount of stock. If the stock advances A
calls for it, and makes profit; If ne does L s
not he need not ''caIl, but the sum paid b IS
forfeited.
\ margin is effected by deposting fixed
amount as security against depreciation 10 price.
\ man buys one hundred bales of cotton at so
much per pound, believing it will increase ID
value in sixty days; the seller will hold It for
hlm fan agreed sufficient sum is put up. When
The sixty days arrive the cotton is sold; II 1t
brings more than when he bought, the specu-
!ator pays for it out Of the proceeds, gets back
bis margin, aud makcs his profit, but if cotton
has fallen the margin makes good the difference.
BoGIE, the colored witness, and most i'm
portant one, in the Tichbornc case, might serve
as model for an African Sir Charles Cold
stream. The latter's opinion of the world was
that there's nothing in it. Boyle has also
lived long enough to be surprised at nothing.
The acute cross-examining counsel, Mr.. Hawk
ms, meets his match Nov be careful, Boyle"
he said once Mr. Hawkins emphasis on
the mister with outraged dignity at the familiar
h,oge-"l am careful, was the reply. Asked
Why he did not question the claimant about the
,,npwreck, and if he did not think it strange;
ne answers: Not at ALL never ask questions,
and nothing astouishes me" All this with the
ar OF model fine gentleman, and yet calmly
ana with quiet, good humor. The appearance
ana demeanor Of this witness, formerly valet in
Me Doughty family more recently of Australia,
"here he met the claimant, who, the prosecu-
uon say, that he coached" in Tichborne mat
SiS, Is one of the most singular incidents in
.hls u singular trial, 1t has not been yet proven
"a' he coached the claimant in anything.
..r AN UNKNOWN SISTER OF CHARITY. y
- mere We're two interments out of the city linn
t.,! w. h.s,!eshIerday, says the brief yellow fever news
l'Um na shreveport, one day last week, ''an un.
S|In SuO%n Sister of Charity and an unknown
s"eue One need not be Catholic to linger
nam moment at this simple little picture in the
,aJnIsPapers. ,an The FIVE words of her epitaph
I, T., @ .ne story of the unknown Sister Of Charity.
b,v;a Vas only patient, mild eyed religieuse who
draaus spent her womans strength in the
the haiy ny work of nursing the sick and shrouding
hjo Es EGsaa' to which she had dedicated her hum
fuI,r "Ie Was marked by the fever, and so, pain
' 0u1 meekIy, entered into her rest.