Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-09
WOMEN AS sPECULATORs.

WOMEN AS SPECTATORS.
Ho,c the Fair Ones Incest Their Money ia
Stocks and Other Gambling Devices.
New York Letter..
One of the best-knovn women in this
country is heavy and successful operator
in Wall street. And she lis not the only
woman who puts up margins and takes the
risk of their being wiped out in the tickle.
hluctuation course of the market. Seized
with the mania which has made and un-
made many men, women are plunging into
the vortex of speculation. There are
more places than one in New York where
women can consult the ''tape" and give
their ''orders'-places that were establish
ed for their exclusive accommodation, and
where the sterner sex are not expect
ed to intrude. There are
''bucket Shops" as they are
called, for female dealers, too
places where no actual transactions are
made, but where money changes hands on
the quotations without making purchases.
The Offices intended for the patronage of
ladies are up town. There are 3bucket
shops" in Twenty fourth street, but bucket
shops only thrive among certain class.
Ladies of refinement who have money to
invest prefer to place it where they can
venture without fear of exciting adverse
comment. Thus it is that behind the
walls of staid and stately brown-stone
front in a fashionable neighborhood the
busy ticker jots down the quotations,
and IadIoS xuhn lilo 70 nh L..
advances can watch the course
the market without any one being
the wiser for it. Notwithstanding the fact
that the people who conduct the better
class of offices do not advertise, they do a
large and profitable business, Their Gus
toners prefer absolute privacy, and they
trust to their patrons to increase their OPP
erations.
Half dozen wires are run from the net
work strung on the Western Union Tel
egraph company's poles in Sixth avenue,
over the roof and down into the back par
lor of the heuse No. ~ West Thirty-seventh
street. The house is like the others in the
row. 1t is brown-stone front with mod
estly curtained windows. There is an iron
balcony in front. Green ivy climbs up
the heavy balustrade leading to
the entrance and entwines itself in
the iron work of the balcony. The present
occ. pants have been in the house only a
short time, and it is within the past few
weeks that the wires have been put up.
Were it not for the wires which are dis
creetly trained like honeysuckles I'D the
back of the house, no one would take it f u
anything but private residence, and as
for that matter the casual observer would
even now take it for nothing else. But the
wires have thrown the neighborhood into a
ferment. They have wondered what their
purpose was, and time has not only in.
creased their curiosity, but excited thei1
suspicious as we'll. They have not made
bold to go to the house and find out. and
have consequently lived in state of per.
plexity. The people in the neighborhood
even went so far as to seek the owners OF
the property, but they, too, were ignorant
on the subject and could throw no light on
the mystery.
reporter called at the house one day
lately to solve the mystery. A woman
answered the bell, and the caller was shown
into the front parlor. The door of the
back parlor was partly open and through
it came the sounds of ''ticker," such as
are seen in the Offices of brokers to regis.
ter stock quotations. There was tele.
phone and messenger call in sight besides
There was desk near the ''ticker,'' al
which sat woman, and there was some.
thing of an air of business about the room
The front parlor was handsomely fur.
nished. Fine engravings hung on the wall
and a grand piano stood in one cor
ner. Near the front windows
was large desk with rolling
top which was closed. The woman who
admitted the caller was middle-aged per-
son with blonde hair. She wore glasses
and light, well-ftting dress, and was
brisk in her airs. She explained that the
ticker was put in for her own use. 81
have dealt in stocks for ten years." she
said. eff ladies want me to buy stocks for
them will do so. I require an advance
of 10 per cent. and I will buy no less than
100 shares. I charge one-eighth to buy
and one-eighth to sell. defy you to find
any lady who has lost any money in deals
with me. If any one has I have yet to
know it. You can see what kind of a bust
ness do" and she exhibited receipts for
purchases through well-known house
down town, which were made out to
Mrs. G. r. Morse. GAS said, will take
no orders for less THANH 100 shares. I
charge 10 per cent, SO that if the stock
goes down point or two or three the mar
gin will not be wiped out. Here is an ad-
vertisement of what is known as the buck
et-shop," she went on, pointing to no.
tice in morning paper. 'Do you sup
pose alegitimate business is done on mar
gin of 2 or 8 per cent? No, indeed-that
is simply gambling. No stock is bought
or sold. I do no advertising and want
no puffs in the newspapers. If the neigh
bors wanted to find out about the wires
why didn't they come in and ask about
them? have leased the house for three
years and have right to put in as many
wires as like
The woman asked the person at the tick
er how certain stock stood, and the reply
in a pronounced French accent came back,
''644, madam
Hasn't it reached 65 YETI"
'No, madam
decline in another stock brought forth
the remark, ''Well, I am glad am out of
tkat.''
A lady in black, evidently an investor,
was in the parlor when the reporter called.
Inquiry revealed the fact that the num-
Der of female investors was rapidlv in