Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1886-02-13
NEUTRALITY-SUSPICIOUS.
Cash Value Of Annual Transaction In the
New York Stock Exchange. -

q
actions OF New York STOCKHOLDERS de.
lies ordinary comprehension. On Feb.
IS, 1881, 72l, 303 shares of stocks on
tho regular list we're sold On tho floor
Of the Exchange. 848. $40 shares on No
venber 20. 1882, and 3O22, 4O7 in the
week ending Mayoh 26, 1881. The
largest single sale recorded is that of
w. Il. Vanderbilt to u syndicate of
American and foreign bankers and
railroad operators. Public sentiment
being decidedly avcrse to the control
Of the New York Central Railroad by
q single family, he, ip Difference to It,
sold less than half his interest in it.
But what he did sell amounted to the
enormous sum of thirty million dollars.
Que hundred and fifty thousand shares,
at l20. were sold outright. aud the. op.
ton Of u hundred thousand more ut
the same price was subsequently taken
up By tho sameSpurchasers. The secu-
rites daily bought and loaned are paid
for by checks on city banks. The
yearly business of the New York Clear
ing-honse exceeds fifty billion dollars,
aud the principal part of this is from
the transactions of the New York
Stock Exchange, The London system
of settlement twice q month ty the
payments Of differences has failed Of
adoption in 0ur chief money mart, and
is certainly neither so safe nor 80 judi
oious d that Of cash payments.
The methods, Of business in this
national monetary institution are pre-.
oise. positive. and suited to its nature.
At9.5O'A.. NJ. the members may enter
tho Board Room; ut 10 TIE gavel of the
presiding officer announces that it il
open for business; ut 8 P. NJ. precisely,
it is closed. A fine VI fifty dollars is
imposed for zach offonse in public trad.
ing before OF after these hours, and
any contract thus made will not be re.
cognizud or enfofced BY the Governing
Committee.
Collected In groups, like spring
chickens, in q rural boarding.houso
keepers %hen-yard. Now York Central,
Northwestern, Milwaukee & St. Paul,
Uelng special points of attraction. no
soOner does the g.7e. fail than . dozen
b.enu.ng tnundcr-storms breuk loose.
Inc ar is rent ny explosive cries,
sirrioks, yolls, noots, irrogulariy rising
and failing 10 gust ungovernable.
brokon only by tho deep be.lowiugs of
broad-chvsteI sous OF Boanerges. And
thus for tive long hours tho tempest
RACES, with accOmpanlmonts of fitting
firms. iicr:e gestures. uplitled hands,
tossing iloads and other inexplicaDle
cOutuslOns tnat shrOud the innocent
spectator in appalling mystery. Here
aud tnoro are lu%uividuals COOL and COZ.
tectod as ii in church, but they only
throw tue anarch.o uprJar into more
strlkiug relief. '.Alud. sirs!-mad as
Marcn harcs!' But there is wondrous
lnothou in this malness. Each offers
the stock he has to sell-crles it loud. v,
um vi shares, price. Buyers na,ne
the prices ami Conditions they bid for
ueslled stocks. Hundreds are vocifcr.
ating ut the Same lnoiient; every ear
IL attent to wnat the OVER Wishes to
cItcn. The brokers take 1t ull in, solne-
times buy and sell without looking al
eac other, SO familiar are they with
oach otnvr's voices; cry out while scrib.
Dling memoranda, ''Iake EN-"
''Sold," II uouynl $40 Of you ut 81"
ulu aiterward report I principals VINO
the active lr..ttickers were, thus sup
plying them witn data for guessing vi
the trend vi the market. In the BOnu
Noon comparative order reiyns. ALI
are seated. Occasionally manners are
free, laughter loud, and jokes practical
Tue bids aud offers to sell are intelliyi-
ule. Between bond calls the brokers
v,,., s(AAnt sp tts,.a cu,,,,sts~, s~..-.-s
business in ole corner of the Boaru
Room, Ia which they descend ny an
elevator, with the Stockholders from
wnom they receive orders. There thu
voices OF the l%railickers IRE torn into
tatterod shreds Of sound, which con.
vey no more meaning to tho uneducat.
Cd ear than tile guiturals of so many
Cnoctaws. AT times the noise ia terri.
bic. especially in panieA
Heard by participants in tho crush
Ing throng.. the sounds are distinct
enough. Five hundred New York
Central] at Sat A." Take 'em."
shouts u buyer. '.Onc hundred rChi-
cage aud Northwestern. at "a, cash."
'Eighty-three and three-quar;ers for
l00," with shake OF up.ifted hand from
buyer. Sold" rcioins the scllcr.
Five thousand [Nor,liorn Pacific Pre-
ferredl at AZ, buyer 80" ..l'll give Al,
for tho lot:'' Sold" Hundred flake
Shore] 1T j, buyer s." ''Three-eighths,
seller 3. for 100." delaware, Lacka-
wanna, and Westerly ANY part of
1000 it ! cash. ''Oae hundred at E."
II will give III for 5p0' Chicago.
Burlington,'& Quinoy). Sold tho lot"
''l'll give s'C4lal for $780," New Jer-
sey Contral) "i'il loan u .".l'lI take
100. flat" Fifty fRock Island1 at
'1o3." Hundred at l." an sell 500
more" "Take EN- Give it for
900 more" Sold whats the
price2" (Lake shorc). ''Three-eiyhths
=" "Wha, a?" "'Why. 64s." ~.'I'll
give : for 1000" sold tho lot" Bids
are m%otlosyi!abic rs possible. Names.
OF stocks are not vocalized in the 10.
'calitics where tho stocks arc sold.
Brokers waste no breath in trading.
All offers mate and accepted aro bind
ing. Tho securities on tho FREQ list are
nos called unless asked for.
Sales nre either for cash. in. which
case deiivery'is m:vie on tho. same day
" or before 2. 10 7. NJ. or In the regu-
lar WHY. when delivery is m:ade' on the
day ioltOwihk. OF on time. usually three.
ten, thirty or sixty days. More fro
'quently option safe, are for three days:
wi,en stock is o.iqued they may bo for
thirty, or sixty u;.ys. In optiou sales
,tho%dolivery Of the stock within tho
'HOerlfieu time NAV bN- 81 "A huver,a
option or lit tho sellers option. 1t
NUT be within sixty days ut tho long,
est. In ali option contracts extending