Millheim Journal. [volume] (Millheim, Pa.) 1876-1984, 1886-12-16

Millicent was at home, but was dis
posed to be gracious. In general she
avoided him on some pretext or was
freezing polite, but now she was pleas
ant and chatty. They were alone to-
gether, the father having gone to what
he termed the library but which was
In fact, his smoking room for having
quite mastered the article Soap in the
Encyclopedia, he never troubled the
dust covered books. After the wealth
er and such customary topics had beec
discussed Millicent suddenly broke out
with
oh Mr.. Van Stopel, was reading
about stocks in the paper to-day. Do
explain to me what they do In Wall
street, and how they make and lose so
muc h money. l do not understand it
at all
Here was subject on which Van
Stopel could not only talk, hut talk
well. And he did. He explained all
about puts and calls and options and
margins, buyers ten days and sellers
five, so clearly that his fair interlocu-
tor did not understand it. But she
did not say SO.
Il should like to speculate myself.
| have $3.50, and | should like TO dou-
BILE it, just for the fun OF the thing
"Miss Duke. you are very fortunate,
for inst now there is the greatest-that
is, think know Of stock that will
surely lI mean probably rise to high
era better figure shortly and If you
intrust your little venture to me, l
promise that you shall much more than
| double it,
oh, thank you ! You are so kind.
But then you know that l want to deal
with a broker myself. That would be
charming. If you could tell me how to
manage that Could you, now =
And she beamed on him a bewitching
suile that fairly subjugated the great
bull aud tipped his hons with rapt-
ure. lie smiled in return, hesitated-
aud the man who hesitates, surrenders.
There are several stocks that are
down, he said, that may 90. l should
recommend the B., S. and W.
b, S. and w, p
.Yes-the Barfield, St. Barnsby and
Waukeeshaw railroad. 1t is standing
now at 81
'How am 10 go about it, please i
! He told her.
Dear me ! l shall never remember
all that. Please to write it all down
for me, will you p
Van Stopel, still under the fascina'
ton, took ont his pencil aud wrote,
while MilliceDt sat by expectant. She
was at his shoulder, her breath famed
his temples, and he could scarely write
legibly, but he persevered.
oh. thank you so much
Now, said he, Il have shown you
two ways. You can either buy at ten
days, or you can buy outright.
should recommend the latter. You
see your margin will be ten per cent
on the par value, which is 100, and not
on the selling price, which is nine
Now, if you buy at ten days, you can
only get, Say about twenty-five shares,
for you must keep some back..to Oil up
your margin in case it falls
Fill up nv margin j
Yes have explained that on the
paper. But if you buy outright you
will get twenty seyen shares, for you
will have no margin to ill and your
profits will be more. If you were to
put ten thousand dollars or more into
the transaction it would be different.
Then responsible broker, able to car
ry the amount either by his own means
or through credit, would treat the
stock, which has kept uniform price
so long, as favorably as he would div
idend paying stock, and give you a con-
tract at 5, and possibly at 3 per cent.
With your small amount, buy the stock
out right. I'll recommend you to re-
sponsible broker bat he is one new
er do business with-a good and honor
able man, though but you must
promise that you won't tell him or any
one else that I sent you.'
L promise that won't treathe it
not even TO father
Mlllicent played the piano for him
she played fairly; she sang for him-sht
sang well. Van Stopel was in the sew
enth heaven, and was on the verge o.
proposing right then and there, but hi
lacked courage. He left, however, II
an ecstacy Of delight, but it did not last
long. He was meditating one of hi:
great strokes of finance, and that soor
resumed possession of him to the exclu
sion of everything else.
The next day, while the elder Duke
was at the factory, Frank was at th'
house, note having been brought him
Mllly met him, beaming.
Frank she cried, do you want
500, 900 p