Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1879-10-22

THE Philadelphia Ledger, speaking OF
stock gambling IN New York sejs;
Wall street is having some novel ex-
perieuces, consequeue upon the ram-
pant stock speculation that has been ID
progress there during the past three
weeks or more. A sort OF people are
seen in the brokers' Offices now that
have never been visible there before.
Many of them are worthy persons from
,h..rural Districts who have been lur
ed TO the city by marvellous stories OF
the rapidity with which fortunes are to
be made by accepting point In this
or that stock, of whose intrinsic value
1T it have any-they are profoundly
ignorant. They bring with them a
te " hundred or a few thousand dollars,
the saving, it may be of good many
years of bard labor, to Put up as a mar
gin for buying hundred or few hun
dred shares of "wild cats" that, under
the adroit manipulation of professional
speculators, have lately risen to the
surface. As rule, these people have
made lucky turo, inasmuch as the
market has been steadily on the rise,
and as they return to the country they
relate their luck TO friends and neigh
bors. VITO in turn catch the craze, aud
/ bring fresh customers into the street.
The brokers have reaped a rich harvest
of late from this class, and from pres
ent appearances the harvest Is not yet
ended. The time must come, however
when the last man that buys the "wild
cats" will have the privilege OF keep
ing them for an indefinite period. and
then the rural capitalists will wake uI
10 the fact that they have been dabblius
in things tha. have no market value
whatsoever, except As old paper, which
might do for trunk lining.
Most of them admit this imposibility
hut n none of them think that he L
going TO be the unfortunate last mar
the game goes merrIly on, and eaci
successive day sees a new lot OF custom
ers comirg to take chances. Anothe
feature Of the craze, n that is the prop
er wor,l, is the opening OF parlors ul
town FOR the especial accommodation @
lady speculators. One of these Is Broad
way, not far from Thirteenth street 1T
ted up in the most sunptous style, and
amply provided with 'eIegraphic facili
ties tor ob;aiLing quotations and fo
! .,r1ar= IN htrt n soil
the brokers down town. The ,eene ther,
from 10 in the morning to :: Z. VI. Is ;
busy and exciting one. j have II oil
, good authority that very large capita
has found Its wsy into these establish
, mems IN the course of the last week
, and, as most Of the operators have un
questionsbly made money, the busInes
Is likely to increase until the tide be
gins to turn, when it will all melt ava.
like snow IN a frying pan. All this bu
4 goes to show how the gambling spirl
is on the increase among US, sowing tn
seeds of what must one day prove sa'
. crop Of misfortune and poverty Th'
q boarding house keepers are pretty deel
{ in tie business, and some of them who
e but few days ago were unable to pa.
: their rent, may now be seen drigipi
e about on the bouleTaris in phaetons al
J, ter business is over, aud occupying tb'
), front seats at the theaier or the oper
e in the evening. The whole thing Iook
t as # the Gilded Age were really com
D ing back again, with Col. Sellers an
t Mrs. Gllflory and "The Mighty Do
r lar IN the foreground.