Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1886-01-03
BULLS AND BEARS.
THE BUSINESS DONE ev THE NEW
YORK STOCK EXCHANGE.
1As aSehoAs oe Bu.1uses Prscise and
Rssitive - Rive Lsag Hean e
Raging Tempsst -Brsvity
the Soul Of Trade.


tnafI<TS MAxHnWe-l
The cash value Of the annual transac-
tions of the New York stock broker de-
fies ordinary comprehension Feb 2h
1871. s2i ..05 shares of stock oo the regu
lar list were sold on the floor Of the ex.
change: s4S, $40 shares Nov. 22. 1852.
and 5, ,022, s07 In the week ending March.
26. 1881. The largest single sale recorded
h that Of w. IL Vanderbilt to . syndi'
cafe Of foreign and American bankers and
railroad operators. tublic sentiment b
ing decidedly averse to the control Of the
New York Central railroad by q sin
gle family, he. in Difference to II
sold less than half his interest In It.
But what he did sell amounted to the
enormous sum Of $:O. O00 Cae hun
sold outright. aud the option of 10O. 600
morc at the same price was subsequently
taken up by the same purchasers The
securities daily bought and loaned are
paid for by checks on city banks The
ycafly business Of the New York clear.
ing house exceeds so O0J. O00. 600. and
the principal part OF this Is from the
Transactions Of the New York stock ex
change The London system Of settle
meuts twice Q month BY the payment Of
differences has failed of adoption in our
chief money mart and Is certainly neither
% safe NOR % judicious as that Of cash
payments.
PRECISE BUSINESS MsrHODs.
The methods Of business in this ma
tional monentafy institution arc precise.
positive. and suited to its nature. At y:O5
. m the members may enter the board
room: ct 10 the gavcl of the presiding
4 ~ ss l.. f~~ h.,.s
ness. at 5 p m. precisely il Is closed A
public trading before or after these hOura
and any contract thus made will not Be
recognized on er forced by the governing
committee Collected IN groups. like
spring chicken iu Q rural boarding. house
keepers hen yard. New York enfral.
Northwestern. Milwaukee 4 St Paul.
being special points of attraction. NO
soonef doee the e1vel fall than dozen
blending thunder storms break loose
The air b reat by explosive cries. shrieks
yells hoots. irregulariy rising and falling
In gus6 uneovernahle. broken only BY
the deep hellowings of broad-chested sons
of Boaneegee. And thus for five long
hours the tempest fagea. with accompani-
ment Of fitting fofma fierce gestures. up
lifted banda tossing heads and other in
explicable confusions that shroud the
innocent spectator in appalling mystery.
MAD As MARCH HARES
Here and there are individuals cool and
collected - II IN church. but they only
throw the anarchic uproaf into more
striking relief Mad, sirsl-mad -
March hares," But there 10 wondrous
method In their madnesa Each offers
a. L. Il 1c.,ll,,
number Of shares. price Buvers name
the prize and conditions thev bid for de
sired stocks Hundreds are vociierating
at the same moment: every ear Il attent
20 what the owner wishes to catch The
brokers take Il all in. sometimes buy and
sell without looking st each other 20 fa
milisr are they with each others voices
CIV out while scribbling memoranda
.Take 'em;" Sold" Il take 50J of
yoa ~ g." and afterward report to
principals who the active trafickers were.
thus supplying them with data for guess
ing ct the trend Of the market In the
bond room comparative order REGINA All
are seated OCCASIONALLY manners are
free laughter loud. and jokes practical
The bids and oTers to sell are ineligible
Between bond calls the brokers who deal
in these securities transact business in one
corner Of the boarl-room. 70 which they
descend by an elevator. with the stock
brokers from whom they receive or,iera
There the voice Of the trs fckers are torn
into taftered shreds Of sound which con
vey no more meaning To the uneducated
ear than the cultural Of % many Choc.
tawa
THE pIN OF BATTLE
A fspuro Tho os.~ l. No~~;I,1n
IN panicA Heard by participants in the
enough. Five hundred New York Cen.
a;buyer @One hundred hicaeo & North
wesiernl at "a. cash Eighty three and
lifted hand from the buyer. .sold, re.
o.ns the seller Five thousand North.
eru Pacific prcferrcdl at AZ buyer so.
EN- give Il for the iot .Sold Hun
dred Lake Shore At buyer 3. "~Three-
eigh,s. seller 3. for lO0s .Any IDe,s
ware. Lackawanna & Westerul part Of
l.0OO At j cash. sOne hundred at {. .
81 will give III for 500 IChicaeo. Bur.
fngton & Quincyl .Sold the lot .In
give I4INfor 90" New jersey Central.
sIn loan 500" !Im take 100 fat
Fifty Rock Island at 1OA Hundred
1t g" .I1l sell 500 more sTll take
'em Give Il for 500 moref" sold
What's the price," Lake Shora
Three eiehts-'." ~What ~" why.
So. -Il give Z for LOCO -sold ths
lot
BREvITY THE SOUL or TRADE.
Bids are monosyllabic - possib,c
Names Of stocks are not vocalized in the
localities where stocks arc sold Prokers
waste no breath in trading All o ers
made and accepted are binding The
securities on the free list are not called
unless asked for Sales are either for
cash. in which case delivery is made on
the same day at or before Is p m. or
In the regular way. when delivery b made
on the day following or on time. usually
5. 10. or 60 days More frequently option
sales are for three ds, .; when stock 8
cliqred they may be for 20 or GO dayA
Option sales the delivery Of the stock
within the specified time may Be at the
bu,er option or at the seilers option.
II must be within so days at the longest
4s- ail option contracts extending over
three days twenty-four hours notice must
be gisen. not later than 3 D. m before
securities can be delivered or demanded
The Actress Bracket Husband.
lBo~ton Heraid.I
We are very glad to see you Uack IN
Boston. Miss okes-but 1 suppose ]
must not call you by that name nowy"
oh / assure you don't mind Il In the
least; for, indeed. I am almost always
called SO. even at home And when
have acted in charity performances or
anything of that sort It has always been
'hosina Nokes in great big letters
measuring with her hands. and .Mra
Cecil Clay very small. In brackets. you
know call him rackets most Of the
time now. with q saucy little nod toward
ber husband and merry laugh Hello.
Brackets.- and this time We al laughed
with her.