National Republican. (Washington City (D.C.)) 1872-1888, 1884-12-13
STOCK HOARD FAvoRs.
Dealing on Margins md How IL is Done
Eccentrioities of Fortune in Broker

Dealing on Margins md How IL is Done
Eccentricities OF Fortune in Brokers'
Offices.
"wo can't all win,, you see" observed
prominent dealer in stocks to n REPUBLICAN,
reporter. lyon sec that little man yondcr,"
he continued, pointing to gentleman OF small
stature, dressed in u suit of blue and who pre-
sonted n sad and reflective countenance.
"well, he is the most successful operator
in town; somehow never misses It; never sec
him speak to anybody, but always wrapped
IN that imponctrablc mystery Can't under
stand it, and there settled upon the face OF
the speaker melancholy which SAID, III !,
too, only could guess the market every time"
"There is another man who wins Just the
opposite of the former, II leading bear and
wealthy" continued the speaker "Ile, you
| will observe, is all animation"
"If animation Is the magic element to open
the lockers of tho golden goddess you all
should win," mildly put In the scribe.
"Ah, no. But that man, returning TO the
to many thousand dollars in the last six
months. Wonderfully shrowd operator"
GLOW is it doneY'
| Purely upon the margin plan-puttlng up
| n given per cent to cover given number of
! points on "A given stock on the long or short
| side, Just rs you may be dealing, and then walt
! for the quotations OF the stock you may be
handling"
"who are the largest operators in the country
| on the margin panP
"well, one Of the largest brokerage and COM
mission firms which pay particular attention to
| Co., who have a large branch establishments
| in the Riggs insurance building, No. 1881
i street Bishop the senior member OF
| the house. is marvellous organizer, and
possessed of those qualities which our modern
| day calls shrewdness and tact, but which mean
unlimitcdnaturalc capabilities. lhave watched
| his career during tho last nine years, when no
| opened In conservative Boston, and through
/ all his operations there Is plainly visible a
| thoroughly organized and comprehensive sys-
| ten Of management under mastery control
"rhe centraizlng of all transactions Of their
| branch Offices, some thlrty-iive or forty in
number, at New York Is one point in fnvor of
their clients. They control over 1900 miles
ofprivate wires, which Is twice as extensive
u telegraph system as any two brokerage firms
| in New York can show, reaching east to Ban
gor Me-, and west to Cleveland, Ohio, touch
ing all the prominent cities between those two
points. Their daily commissions must be sim
| ply enormous"
Going into the Office of Brigham Bishop &
Co, No. 1881 4 street, the reporter met the
manager, Mr. J. Edward Cove, an energetic
and ailablo gentleman, who at once impresses
tho stranger as the master mind of the place,
| with fund of invaluable experience and in
formation in his business
Tell me, If you Will, something OF the
| amount of your business and how 1t Is done"
THE amount depends upon the condition of
the markets That legltimately inherited
foyer (Which we have all possessed, to "A greater
or less extent, siuce the days OF Alcibiades)
for mild speculation, upon n thoroughly prac.
teal and sound basis is very largely COVE rned
by the condition in which speculators find
their favorite stocks. You take ii throughout
our several Offices and we probably can repre-.
sent greater variety OF dispositions for
stock dealing than any other half dozen com
| mission aud brokerage establishments in New
| York city. The popularity of our system,
which after all is not different from that
adopted and in use by the most conservative
houses in the country, lies In tho facilities we
give all dealers and particularly small opera
tors and our low charge of commission. Our
clients receive the same treatment at our
hands that the largest operators of Wall street,
be they bulls or bears, get from their
brokers. We buy and sell stocks also sell and
deliver the same when desired to the extent OF
a million"
Then you are prepared to accept any
dealY'
81 will place with my house in New York
any Legitimate deal which can be placed on
this or any other market in the United States.
All deals go direct to T. Brigham Bishop Il Co.,
of New York, and that is the firm the public
are dealing with when making contracts with
me-"
What about sudden fortunes? Are they
made us frequently as they are reported?"
ITO make large fortunes on the turn of q
stock requires large capital and a steady
nerve. We don't look for It, Dealing in stocks
is simply legitimate pastime with the ma
jority of operators. They do not look for a
turn in their favor Of more than a few hun
dreds, and that's what gives the delightful ex-
hilaration to stock speculation. Then, again,
| there Is no worry or nervousness about the
transaction. As "a rule, our clients represent q
class of merchants and dealers who care little
one way or the other which way Newmarket
turns Tor a few hundred, and are ready " make
money on either decline or rise in stocks"
40 ladies operator
Frequently; in New York and occasionally
here in Washington 1 have known instances
where lady operators have accumulated br.
tunes In stock speculation. They are of class
however, that seem to have a natural tact ami
| taste for this line of operationsv