Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1885-05-07

Ladies' Who Speculate In Stocks and Grain
and Sometimes Get Left.

| LADIES " no Sptfuf1tt In ctorks anu uTAiu
and Sometimes Get Left.
The women uf Chicago have one
Iseat advantage over their sisters in
| Cleveland They have the sweetest
little bucket shop in the world. where
they can go and speculate all by Invs., .
/ selves. 1t Is nicely furnished, II Is
said, and operated by female brokers.
! who have an aversion to the sex can
confidently go there without meeting
any Of the horrid creatures. How
Soon the women OF Cleveland viii rise
to demand an Office of their own is a
question for the future TO determine.
They hare none now. The doors of
most of the brokers offices, however.
are open to them, and they lack no
! opportunity to indulge in the bus ness.
There was place, shortliyetl il seems,
where the special trade of the women
was recently solicited. During the
month of February, and early in the
| present mouth, the number of we'll
dressed ladies who assembled the ele-
vator in the Wiltshire block to the fifth
floor and walked back through the
corridor to the last room, No. 81,
| well chosen and secluded spot, was
| quite large, Mr.. G.. j. Mcknight had
| paid a months rent. secured a ticket
| which he adjusted in the room, and
commenced brokerage business un-
der the name of Mcknight & Co. The
Company" of the firm is supposed to
have been a lady residing in the east
| ern part of the city. This lady, who
| Is qaite d speculator. assisted in the
| office and in making things pleasant
| for their lady customers. The trade
was beginning TO flourish and the GUS
| toners grew apace, when sudden
| calamity befell the establishments, for
| its doors were closed. The whitening
| blight that overlook the business be-
! fore it had fairly developed into ex-
| istence, IS said TO have been due to the
removal eff the ticker. The firm very
imprudently began to deal with sever
| al bucket-shops in Cleveland, instead
4 of trading direct with the Chicago
! brokers who control the tickers, and
for this infraction of the rules, were
4 punished by the withholding of quota
lions. For two weeks or longer now
| the atmosphere about room 81 has
been one Of oppressive quiet and desc
! lation.
"Is the speculation Of women on the
increase in Clevelandp" reporter
asked Mr.. Alexander, at No. 12l SUI
perior street, yesterday. The broker
| paused for moment, and then unhesi-
| tatingly said: ayes it undoubtedly
is increasing Very greatly. We don't
/ have any lady customers any more.
We shut down on il several weeks
ago, not because we did not want
! their Grade, but because we have no
| room where we can do business with
them apart FROM our other custom.
ers.n
"And to what class in society do the
women who speculate belohgP' con-
tinued the questioner.
"Any from Euclid avenue or Pros
| pect streetpn
IF there were / think Iwould not
tell you,h said Mr.. Alexander, smiling
blandly,
The seeker after knowledge took am
5thet tack. Are they Usually insr-
red women or single, be asked.
The broker reflected u little while
and then said: with very few excep-
tions all the women who have had
transactions with me are either unmar-
ried or else widows. / have had sew
eral married women as customers; but
they usually speculate through their
! husbands
'.Then. frcm your experience, mar
rie9 women are not much given to
dealing In stocks aud grain on the sly,
without the knowledge or consent Of
their lords. {"
"Oh, no, not at ALL = was the very
innocent reply.
''Do woiien make good ctistofnerse's
swell, yes, and as q rule they are
very successful, at least for time, for
in the end | suppose they are no more
successful than men. II they find
they are losing they sell out quicker
| than men de, and do not carry their
deals id the. hope of a future turn ID
the market
'.How do you account for the fact
| that they are so sRccessful?'
"Well. 1t is hard to say. They have
quicker perceptions than men, and
that may help them"
'Do the brokers as rule like TO
trade with the fairer sexp"
"No, think they do not. You SOD
1t is different from dealing with men,
IL the ladies lose their money, the
broker is apt I'd think they want their
smoney back. l suppose some of them
do expect il"
Then the disinclination to deal
with them arises from spirit of gal-
lantry on the part Of the broker, and
not from a fear that IL unsuccessful
they may demand back their invest
.mentp"
"1'hat is about it," said the broker.
"The women who speculate usually do
so with their surplus money, which
they wish to invest. They select stocks
and grain as place to put it Instead
| OF real estate. Take the case of our
teachers for instance. Many OF them
save money every year, and ! have
! known several instances of late where
ateacher has bought 1000 bushels Of
grain on margin.
You don't mean the teachers III
our public schools9" said the unsc!
phistfcated scribe, opening his eyes in
| dUldLcIutnts
certainly do; why not. Ten
4 years ago they put their savings In
| real estate and lost. know several
teachers who would like to sell lots
for one-half that they paid for them.
Now they are making investments in
grain and stocks"
with better source of profit,
supposep" commented the reporter,
ssst no received no direct reply.
"Don't you think it wrong for
/ school teachers to deal in margins2''
inquired the visitor, whose moral per.
! ceptions had received quite shock at
this disclosure of pedagogic gambling,
but he was answered in the negative
There are thousands of church
| people who are engaged in grain buy
Ing on Margins" resumed the broker.
He laughed softly to himself, and then
said suddenly: .'Why, there was a
! proposition made to us few weeks
ago to invest the savings of church
society in grain"
Sand WAS the Investment madapr