Thomas County cat. [volume] (Colby, Kan.) 1885-1891, 1888-05-31
WOMEN spEcuLAToRs

WOMEN SPEcuIAToRS.
Why Stock Brokers Do Not LIKE to Taks
Them for Costomsrs.
"You can't find one broker in ten
who would take y woman's account"
said . well-known broker Just after
turning away . lady caller last week.
why nots Amt they big enoughe''
"Some Of them are large. There is
. woman on the North side who used
to 60 in for q thousand shares at a
crack. There is another at present in
town who is really big player in
stocks. and sometimes has $50, 600 and
N5. 600 up in her brokers' hands.
There is another. the widow of a rich
railroader, who makes and loses $50.
600 at time But even the account
of these big ones are not sought after"
Don't they pay commissions
promptly?"
''They have to do that. Commits
sions are charged up the moment the
trade is opened"
"Why, then. if women would mar.
gin their deals and keep their margins
good, is not their business catered to?''
because they are kickers first last
and always. One woman will talk
more about her trades, ask more ques-
tons, come oftener for advice and an
noy broker more than twenty men.
If they make money they give a broker
no peace. They want him to 60 right
ahead for them on his own Judgment
a thing reputable brokers do not do ex-
cept in the rarest instance and then
not without some directions and for
nobody but their oldest customers. If
a woman loses, she pays her losses in
a manner that makes man feel simply
like the deuce. He has to say he's so
sorry, to sympathize and cry over what
wasn't his fault but hers. If you give
her advice and it proves bad-brokers
are not infallible; if they were they
wouldn't be brokers but spectators
why she charges you with her loss and
don't want to pay. Another thing. the
majority of women who speculate
can't afford it. They are dipping into
their savings. When those are gone
they are like as not to dip into others
they hold in trust Speculation is bad
for man, but my experience proves
that woman who is bitten by it has
the fever twice as bad. The very last
woman's account l had on my books
taught me how far woman will go.
My fair client made little money at
first. Then she plunged, of course.
1t was up and down for awhile.
Finally, it was down-very much
down-with her luck. She came to
me weeping. and wanted me to take
her diamonds as margin for one more
deal. Of course, I wouldn't do that
Well. she went away, but came back
the next day with some money, with
out her diamonds. and accompanied
by a Misunderstanding beast. who
stood by and saw the money
paid over before he left That
stake she lost, too. Then she
came into the private Office. and
after some Mysteries said she had
borrowed the diamonds full value
from her companion of the previous
day. on condition that she pay him
beside his interest one-half the prof
Its she made in the deal If her
husband found it out she was ruined.
She begged my help. She promised
if I would she would overcome the
speculation had for her,
and stay away for good. Well. the
upshot of it was I got her diamonds
back by paying one-third more than
they were worth. and gave them to
her as bride to keep her promises.
She did keep her word, strange to
say. She never entered my Office or
any other brokers' afterward Her
never knew of her specula-
tons. I charged up the cost of the
diamonds to expense account and
swore no woman's account. If it was
worth 100000 year, would ever 90
on my books again. Chicago Herald