Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-01-24
o on WALL STREET.
How the Ladies Become Bulls
and Bears ON the Stock IKE
change, Just Like men.
New York Journal.

"DO ladies speculate inWail street,"
asked a Morning Journal reporter of
a well known member OF the Stock
Exchange.
DO they? Well, l should SMILE"
was the rejoinder. Some Of the best
brokers in the street live 90 the com
missions they derive from the ladies'.
Do you know this gambling mania has
taken hold of all classes of society to
an alarming extent OF lateP The Amer
lean spirit for speculation has been
transmitted from father to son, hus
band to wife, and brother to sister. |
wouldn't be surprised if another fifty
years found New York with a Ladies'
Stock Exchange, Just like ours over
there" said the broker, pointing his
thumb over his shoulder, with a sig
nifcant nod Of his head.
"What kind of spectators do the
ladies maker" -
If there is anything in this world
| do admire it is a smart woman, who
has business qualities that can match
a man. There are a few such women
in the world, but theyare hard to fad
AS a rule, ladies do not make good
spectators. They have several short
comings that unit them for business
transactions. l speak from expert
ence when 1 say that they have no
sense Of financial obligation. Their
money is good, but their word is not
worth shucks. Then they have such
a way of pleading when they get
caught that a fellow hasn't the heart
to win their marquis
You don't mean that the ladies
'%squeal' when they lose, do your" asked
the J%Ournal.
"Yes, | do" said the broker, with
emphasis. They are the worst squeal
ers in the business. If they lose q
little money with you, ten to one you
never hear the end Of it. They are
'kickers,' too, aud don't hesitate to
say that you have robbed them if they
happen to get on the wrong side. Ii
is this fact that has compelled mos
Of the regular brokers to refuse tC
deal with them. Of course, there are
some exceptions, and now and then q
woman comes along that no one car
beat, and that always comes out FRS
10 a transaction. When yOu find
woman OF this description, the les,
you have to do withSher the better"
How many of this description ha'
Wall street produced" asked thu
Journal.
"0nly one, to my knowledge" sale
the broker. THE majority of lad!
spectators are a long way behind thu
game. They come here with money
but they drop it all in time. A wO
mans nature units her for specula
ton. She naturally trusts a man ,anC
a gOo~d,talker.can make her believe tina
any stock is going up twenty per cent
Women are easily victimized will
points on the market, and when thel
believe they are right, nothing cal
shake them. | never heard ola Womal
who could scalp in the market. Theil
minds are too set, and it is next t,
impossible for them to chang
opinions"
Then you don't think they are
auccessin Wall street," remarked tn
Journal.
by no means; the ladies have u
business gambling. They ought TO b
at home taking care Of the babies"
To get a further expression Of Wal
streets opinion on lady Spectator
the reporter wandered into Messrc
Wickham & Halstead's broker office
on Broad street. The ex Mayor, wit
his genial countenance and heay
body, was comfortably seated in hi
back office.
What do you think Of lady specu
lstors2" asked the Journal.
oh, we don't have any dealing
with them, was the answer. "0u
experience warrants US in saying tina
they can't be depended upon. The
have no idea Of business principle
and they will stick you'll they get
chance. Then, if they lose, the
always plead SO tOuchingly that "
would rather give them back thei
margin or privileges than have tb
trouble. No, sir; we have laid dow
a rule not to deal with ladies, and "
shall live up TO it"
Mr.. James r. Keene was sougb
for his opinion Of lady specula
tors.
They are two smart for me- sal
the king bear. Don't mention it. !
makes my head ache. A smart wona
can discount a nan in stocks. Sh
has more impressions in a minute tia
he has in a week. | speak iror
knowledge when | say that ladie
! should let stocks alone. They are GU
of place down here, and nine out ofte
will lose all the money they put in tn
! market. When you do find a sinai
one, she is too smart, and become
| dangerous. If | had my way | woul
keeP-them all out of Wall street"
Mr.. Washington 4. Canned, wbe
asked what he thought Of lady specu
lators, said:
l That is a point lam non-committl
3 on. | don't want to encourage a ba
e practice, and | think a woman sphel
9 is the home circle, and that busineI
Of stocks should be lett TO the men.
t hear that very many ladies are engage
Q in specializing, but Think the mature
: effect is very demoralizing. l adm
t some women may be smart enough
a cope with men, but their genius shouI
s be directed in higher channels.
1 should not want my wife dabbling
l stocks"
Russell Sage said; The ladies hay
Q a right to do what they please wit
t their money. Ia this land Of freedo,
a woman is sole protector of her ow
F., ~pecuniary interests. She may invel
| her money wherever she likes. Goo
! diyideud.paying railroad stocks are n,
= a bad investment, There is some ris
. in every investment, aud | know Of !
, law preventing the ladies from takir
business chances if they are so al
posed. For one, l believe the ladi,
are justified in specializing"
= 1t is certain that the longer a speed
the weaker it is, but not so with
cold, the longer it runs, the worse
becomes. A cold, be it ever so Sigh
is no triae, it should be checked in i