Telegram-herald., 1890-02-03


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hesitate 20 bny-sa outeo cf eFes-
speculation "a en1ul lliF IS
5ast 10 erse -An ~ rlatket ts aaere
prices d sge downward ,caaeaef 10
saddle the uaFAes - ~ islsk
stock upon it. onlca Pc does n1s see 70
willing 90 take THIS is dose e.tLer
by forcing the quOgaasns taat IS
keepiaR CD the prize Of q stock o. pre-
venting il from dropping tey az GER
tain point. untl al opportunity arrives
10 boom" H. A drip is equivalent
70 break" The 'dil.sfvnce a term
which apparently mysuhes outside
speculators not little. means the var
iatlon in price az between the time %
buving aud selling, or from the hour
the order WAS given untl tie ssle or
purchase Is actually accomplished. A
Fat" loan Is one that carries 40 inter
est: '1obber' is the street term for an
operator IN stocks, an operator is
wiped ouG clearly Western term,
when be is compelled - declare sus-
pension, O. is sold OUT undeg ne
rules because Of inability 70 carry our
his contracts.
"Watering stocks tavorite phrase
Of Jacob Little, and first used by the
Great Bear is tie process OF increasing
tho ouantitv. without adding 10 the
value OF the stock. Twisting on the
shorts" is when the shorts have IN
dersold heavily and the market has
been artihcially raised in order 20 COM
pei them 20 settle az rising rates. salt
ing down" stock, 10 wait for raise /;
leading and unloading, ," carrying
stock for raise. or the purpose OF n
pool or clique ia term borrowed from
the Paris and London Exchanges);
blocks Of stock, and many other
terms are familiar 70 outsiders. The
"ballo0ning" OF a stock by circulating
''roorbacks" or favorable stories con-
cerning 10 IS common practice O. the
street. When broker buys in stock
he makes purchases il order 10 meet
snort contracts, or TO enable him 20 re-
turn stock ne may have borrowed.
Covering his shorts" means that when
stock has been sold, and the market
rises the seller buys where ne can and
protects himself on the day o. delivery.
"Catchinr on is an expressive phrase
that or ginated in the Street siGnifying
the grip p broker got on the market
when be began 20 make money. Tho
''razzle- dazzle is the serving ont 4
speculato- gets when be has been play
ing with stocks that he believed to be
'Cilt-edced' "a. q. good as gold and
which turned out TO be neagly worth
less. making him a heavy lesser. When
an operator, or con- bination OF oper-
ators have a stock Iust who're they want
it. they have a clutch" on 1t.
/ There is no merrier crowd in the in
tervals Of busiueas than the brokers.
There are intervals when the
life of tho Street partakes Of
the character OF carnival.
The young blood a. Wall street today
is represented by band OF likely colts
who viii be heard from as doing all the
big running some day. Among these
are Harry Kavanagh, of seligman's
firm, a rich and bold operator; Jimmy
Leopold. Jesse and Edward Dosser-
man, TWO brothers who are immensely
rich and who have large properties in
ann ANAt AANNA &c - II tAA AAs NtAt sun
in-law Of the aged millionaire
Stephen J. Lester; Phil and
Al Goodheart, who have been
in Wall street all their lives, having
been raised on Change, as the saying
goes. and who have made fortunes there.
H. Z. Fisk G. J. Fisk and Plny Fisk,
the three good looking -ich and roliick-
ing sons Of Banker Harvey Fisk; big
Dan Chauncey, the best bali player on
Wall street. Yale crewsman, who
keeps up the sporting interest on
Change bv has individual energy, and a
dozen others OF the same sort. With
sach youngsters around there is no i'm
mediate danger OF the Street "ergot'
6ving out. The Gouids. father and sons,
seldom visit the Street now, although
both the latter, up TO a year ago, used to
be quite active or Change and well
vcrsed in the patter OF the markets.
Gould here, whom the street has dubbed
The Little Major = an invisible
quantity. felt at frequent intervals,
Among the big ''rocm Traders there
are several bold spirits wlo help keep
ND the life of the Street. Jimmy Twins,
of Boston, whom the brokers have
christeneG "Nervy WINS" in compliment
TO his plucky ventures: joan ID. Slay-
back. wealthy trader who takes either
side OF the market; Commodore"
Arthur f. Batem2n. the representative
OF large Chicago interests; X. h Bis
sell. the most active man in the board
and the long time associate OF Brayton
Ives are Of the nnuhcr who take caro-