Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-07-01
SPECULATIVE GOSSIP.
The Ups aDa Downs q wan slress and
what They IpsioAie

Ihs Ups aua Downs q Wan Street Aas
what They IssieAis
DoErkE1uneeEae q tie GaE4Ets-
AEW ToRG, jane z7.-Wall street con
iinEes 10 assoalsh The busiaess eomuu
pity - TIE seemingly reckless eoursg,
vita whlea prices Of Al kinds u stock.
are hfTEresd and held Up in spite Of yer,
HafEr0fsols reports Of earnings. /
steadily incr-Nging competition aad COZ
seqreui ruittne II rates. II must be said.
however. that New YorE capitalists have
very little 10 DO with this movement. and
rei1he: the investors nor the SPECTATORS
seem disposed 20 join the movement.
This j. best PT0Fed By tie fact TIA;
the old commission houses which
were once doing the business Of
al Tie great OperGiGrs complsln OF hay
log 70 business 81 al now EyeryihIDg Is
cone By the young aO1ses with Western
connections snd By the Hebrew and Ger.
nnsu houses working for European ae
count I9inese must be added, Sf course
the so called Groom trsdingr 81 the spec
ulailTe brokers who sork for fheir own
account and lump In and out according 10
TIE sn3lezti0ns given 10 them by the sc-
ton Q. the brokers representing the Euro
pean and Western Interests. But when
Weston speculation Il spoken Of, Il mus.
not be supposed that Chicago alone Il
meant here, with Armour, Nat Jones and
keAm. OF course these men are among
the lsA1ers, tor they are very Sold ana
operate always 10 combination. Bu. tbe
number Of Individual spectators slI over
TIE country Is becoming perft Ell, sufprls.
lag, Es the books u the houses having
private wires 70 inland cities show
Among such houses there IS one esrecial.
" which does & tremendous business
and thgi Is lhe house u Green 4
BAisman. Two years ago NOBODY heard
Of this Erin. To-day they WELD ire
uenfoHs power IL the street. Their ex-
3nslYe Cusces are crowded al daY long
vita customers, clerks and messenger
boys, and the hustle going on Is such as
Hcnld give an urconcsrned lOoker-on a
headache. The trl1 has over a dozen
private wires TO eiEcrtnt large inland
cities, and its reputation seems b have
established itself throughout the states
thAt ioe orders they get now by public
"ires from SO sorts o. pisces Aad an
sorts Of persons begin to 0utgroE those
thar come 20 them by their oBn private
wire IL must be sand that TIE two
young men who organized this a-m Arc
tneommonly clever and smlrt men ana
inlly deserve the success they have
BatemaH, besides being An ex-
crlient anaEeieT, y S great yachtsmsp.
mas been recently elected viee-comn,o.
Gore e. the American Yacht club and
bought few days ago the mastless
I ieamtf Meteor, which be Is converting
INTO pleasure yacht.
y should be added here that the
strength Of prices AZ the Stock exchangs
PAS u 'aie been greatly helped by a uum.
Ger Of very successful recommendations
s9d cancellations among different roads
ahieh hsve seen some hard times hereto
ore. Sharp SPECTATORS, as well as
'aiewd Investors, do not show any dis
acsi;ion to pay the exorbitant prices rul-
ug Tor the old staple securities. They
ock for something wherein there Is a
nance for little extra margin OF profits.
ma when they see a cheap security com.
ng INTO solid reorganization they 20 for
:, Such Is the case, for instance, with
ne East Tennessee, Virginia & Georgia
company, which is just being reorganized,