The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-08-04
BUCKET SHOPS BEAT.
eo15ME THAT is SUCCESSFUL.
p,,ent Pointers-The Tale the Ticker
Tape Told-Beats the st. Louis
Bucket Shops out of
$500 on Deal.
AT noon yesterday was brought to

Al noon yesterday was brought to
light a gigantic combination which has
far several days past been working
every "bucket-shop" in the United
states by q manipulation of the quota
hons ON Missouri Pacific stock. Deals
made in st. Louis ',bucket- Shops" for
instance, are governed by quotations
furnished by the New York Stock Ex-
1 chicago, and these quotations are the re.
cord of transactions done on the floor o
4 that Exchange, as reported by the Gold
and Stock Telegraph Company.
Two weeks ago handsome, we'll
dressed stranger, about thirty years of
ace. tall, and wearing white plug hat,
registered at the Southern hotel under
the name of August Mattez, 90
1 Wall street, New York, and made the
acquaintance of Mr.. Lewis, the mana
GER. The stranger was fluent in CONVEX
saton, captivating in his manner, and in
dress and action the typical Wall street
man. Mr.. Lewis was quite taken with
him, and when he asked to be intro
duced to some stock broker, stating that
he desired to do some trading, Lewis
fastened to Oblige his new found friend
and gave him formal introduction to
ogden Fontalne. well-known broker OF
this city.
THE PLAN t'NFOLDED.
To Mr.. FOntaine he represented him
self as wall street broker, DESTROYS of
dealing III Missouri Pacific stock. and
representing combination of New
York men, VINO were on the 'inside."
He asked Mr. Fontaine to take his
trades for him on margin of 500 pel
100 shares, instead Of the usual $1,000. or
10 per cent. knowing that Missouri
nod
wholly under the control of Jaw Gould
and likely to be advanced ten points or
more at any time, Mr., Fontane refused
to act for him. Then the stranger be-
took himself to the "bucket-shOpsr aud
proceeded to deal with them.
Here he astonished the proprie-
tors by "calling the turn y
on Missouri Pacific stock in ev-
cry deal ne made, selling at the highest
ana covering at the lowest price. He
invariably sold stock at the close of the
day, just as the last quotations would
come in from New York, and Just as in
varlaDly he would come around the next
day ana close out the trade at pront.
HIS distinguished appearance attracted
general attention, and with one of The
brokers', aI leaSJ, suspicion, for Fred
Won Phul after the first days expert
cnce with the stranger, issued an order
than five shares of one stock to any one
person. His brethren across the hall,
however, went on blndly, evidently
with the idea that, like other moths thai
had fluttered around their candle. the
stranger would eventually drop ali hi.
winnings on the same spot where he
had made them.
a CHOICE OF NAMES.
Ihelr, suspicious were not even
aroused by the fact that the stranger
sailed under various aliases, his trades
being taken in the names of August
Wash, Mctte and futile, as il was OF
course very probable that any reputable
broker dealing in q "bucket-shop'wou
desire to conceal his identity. Neither
did any Of them but Won Pnul place n
special limit on their transactions with
him, for there is a record of sales made
by him of 800 shares at 97ls. All this
tlme the mysterious broker kept watch
on the ticker ut the Southern hotel.
having the "buCkct-shops well covered
ny ms agents, and every half hour a
mysterious telegram was handed
nm, which he carefully destroyed after
perusal. For six days affairs went on
IN lhe same way. On Friday morning
he LETT orders with his agent TO sell i'm
ease Missouri Pacific reached gi. Then
ne returned to the Southern, and
fastened his eyes on the strip of paper as
u ISSUED from the "ticKer.r Slowly
Missouri Pacific began to climb from
vi't; every quotation marked an nd.
vance. Finally it touched 67s. 1t was
men lO:5O here 30 New York time.
Before the ticking of the machine had
ceased, n telegram was handed the
anxious watcher, which he hurriedlv
read, and then turning away, sent word
70 ms agent To suspend operations. His
work was over and Missouri Pacific
never reached the desired 05 point.
NEW YORK con EDyEsTEs.
The singular foresight Of the New
Yorker, which had puzzed the "huckef
shop men day after day, was no coinci.
dence. IL was the result of one of the
nest laid plans that has ever been de-
VlSed for the manipulation of any mar
ket, far simpler and more secure than
the corner" in wheat or pork. The
mysterious stranger was one ola dozen
or more sent ont to the principal cities of
the Union every one in fact, where
stock speculatiOns is known bv a COM
bination of New York brokers. As was
stated before, the record OF all trans.
actions i'm stock are immedi
@ey after their occurrence sent
out 10y the Gold and Stock Telegraph
company 10 the whole country. Every
hfoker, every bank and every 'huckat-
SHOP is possessed of one Of their ma
clllneS, from which comes q slip ofpaper
constantly unroling hearing on ii tho
Iecogu of the various transactions i'm the
ggef-changing quotations of values.
Every day for week past these men,
oers OF tue Stock Exchange have met
pgether just prey ious TO the close of the
IiIAchangc. an AN Interchange of
NlSSouri Pacific stock has taken place
~ as to fix the closing quotations of
muse securities to the outside world.
MARINoa "a the SALES.
,Mtanwhllc the combination as il ma
ii.pulaled the market in New York was
VI constant communication with its
agents throughout the country. and as
Ipoh rs the stock had reached a point
, at suited them they wired the intnr-
iuulon usually Just at close OF the EN-
ruahge' giving their representatives ten
miiIuteS IN which to consunmatu trades
"itu the various brokers i'm the cities
"uere they We're stationed. In the
mornlng, with no fictitious trading To
"istcr II up, Missouri Pacific would
~ on to or -, the point whore It's
,llet manipulation, Could, has MAIN
.aihed II for some time past. The whole
6 vimIelne was well planned aud beauti-
ullly managed, the delicate position Of
me stock selected rendering ii suscepti-
9le TO the slightest influence. Ycster-
uay the scheme was discovered and In
vonSeluence the VariouS agents were
wired TO close out all deals and return
10 New York, where a division of the
proilts will probably see all the partici.
pants Y great many thousand dollars
oetter OIL than they were two weeks
ago Globe Democrat.
Gordon In the Desert.