The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-01-26

rates. ''Salting down stock, 70 wait for
raise; loading and unloading carry
ingn stock for raise or the purpose of "A
pool or "ciique" IA term borrowed from
the Paris and London exchangesl
blocks of stock, and many O.. her term
are familiar to outsiders. The "ballooning''
of a stock by circulating ''rOorbacksn or
| favorable stories concerning it Is a common
practice on the street. When broker
''buys in" stock, he makes purchases in
/ order to meet short contracts, or TO enable
| him to return stock he may have borrowed.
Covering his shorts means that when stock
/ has been sold, and the market rises, the
seller buys where he can and protects HIM
self on the day of delivery.
There is no merrier crowd in the intervals
of business than the brokers. There are
/ intervals when the life of the street par
takes of the character of carnival. The
| young blood Of " all street to-day is repre-
| scented by a band of likely colts, who viii be
| heard from as doing all the big running
some day. Among these are Harry kava-
naugh of S ligman's firm, rich and bold
| operator; Jimmy Leopold, Jesse and Ed
ward DoSserman, two brothers who are i'm
| mensely rich and who have large properties
in Frankfort; George B. French, the
son-in-law of the aged million
are Stephen j. Letter; Phil and
| AL Goodheart. who have been in Wall
1
on Change as the saying goes, and who
have made fortunes there; II. Z. Fisk, c. j.
| Fisk and Pliny Fisk, the three gOod-looking,
| rich and rollicking sons of Baker Harvey
| FISK; big Dan Chauncey, the best ball
player on Wall street, a Yale sman,
who keeps up the sporting interest on
| Change by his Individual energy, and 70
dozen others of the same sort. With
such youngsters around, there is no imme-
date danger of the street 'argOt' dying
| out. The Goulds, father and son, seldom
visit the street now, although both the
latter, up to year ago, used to be quite
active on Change, aud well versed in the
patter of the markets. Gould pere. whom
the street has dubbed "The Little Major
is an Invisible quantity, felt at frequent in
tervals.
Among the big ''room traders there are
several bold spirits who help keep up the
| life of the street. Jimmie WINS of Boston,
whom the brokers have christened Merry
Ivinsn in compliment to his plucky vent-
ures; John d. Sayback, a wealthy trader
who takes either side of the market; Com
modoren Arthur K. Blteman, the repre- =
sentative of large Chicago interests; X. ii.
Bisseil, the most active man in the board
and the longtime associate of Brayton
Ives, are of the number who take care that
| the peculiar patois of the street does not
die out. So is clerical-looking Henry Clews,
who once declared of certain stock that 1t
mad "made more money than a mule could
drag down hill.n
OIe of the most active spirits ever known
| in Wall street was Leonard W. Jerome.
| Tall, bony, a bon vivant and sportsman,
Larry has been ''bustedn several times, but
has always come up smiling. 1t is told of
Larry that while giving an expensive din
ner to a mum er of friends no received
telegram Rising, he lifted his champagne
| glass and announced that the dispatch Just
arrived informed him that he was ruined.
"But." he added, lightly, your dinner is
paid for and we womb lose it for such
trihe."
Half an hour later he was gaily trolling
out song, with chorus by the entire COM
pany.
The "Old Guardn has almost gone; Nor
gan, Schieffiia and Osborn-all great
operators-are pulling out of the swim"
and the street isn't what 1t used to be. 1t
has hungry, listess aspect. HUI 4dreds of
brokers keep offices open and an army Of
messengers on hire, but it would almosl
seem as though the speculative bottom had
| fallen OUT of The rect, for it is lifeless,
| lisCless, pr)fitless. Even the 'argot" lags
for the moment. There is no Gould, Van
| derbilt, or Little to enliven 'Chang9 and let
loose the fiood-gates of speculation and
slang. How long will the lull last?
G. H. SANDISoN.