The Yazoo sentinel. (Yazoo City, Miss.) 1878-1916, 1891-08-13


and manv a suffering youth, unmindtnl
az naih. has hurried along to make ms
deliveries and save his employer from
loss. ... ~. po.ra
o. Trade has nomenclature Peeul's, ~ v
,tself These Who believe the MARKET
w,l eavanre. ana play the game on that
theoyv aro called -bulls,r while bears
are men who expect 10 see prices decline
ana accordingly sell that they may prone
I ~ tbe Fan. strong or rising market =
termed -ballish, and -beaiish- when
RniIs and hears. in the just sonse OF
\ tha tat,e are YOUR true spectators
may aahere 10 their theory OF an adj
| vance or fall. and don't surn aside from
II until convinced OF their error
The scalper- may be termed the oush-
whacksr OF speculation, He acts IN we
present He is bull or a bear Is he
can see chance 20 nip . smaii prOus,
saw a split or lie OF cent nc
watches the movements OF othsr anu ken-
erailv larger operators, aud takes advan-
tace az little advances and breaks when
may continue but a few minutes, anu
witch the genuine Spectator, particn-
iarlv IL he Le "plunger" or heavy oper-
ator. contemptuously ignores Inc
scalper is Of cowardly nature, pos
sessed OF bu. small amount Of gimp
= The term Dconers Is pretty generally
, rodnrstood and IL not connned "
Roard ~ Trade transactions. IL means
the controlling OF the visible supply y
the market OF the particular COMMONLY
m tits means prices enn be forced up :
almost any 1gare desired. since shoi1s
those who haze sold--eannol ootall
the goods TO deliver 10 the longs --tno .,s
who have bought--withont paying ~
price demanded. -. az,
vnrv often in fact, ia clear majority Q
eases--fail e corner and in that oven
the lossos are commensurate with VIM
The gains might have otherwise heen
Nol only are millionaires thus bankrupt
ri bnt thousands OF small fry, who nav
rsnped their faith and invested tnoir las
dollar IN the success or failure OF 10
scheme. 20 down With them.
aputss and -calls" are terms OF vef
General use. They are frequently eaiie
privileges. The buyer OF put pays
certain sum for the privilege OF seilin
during a certain time, usually DAY
certain thing az d certain price.
A -call" Is the privilege OF ouying :
! y.
anna and The purchaser generally arop
the amount invested In cases Of "
usuAl nnctnaiion, however, large pron
are made on sputs" and calls. In u
history Of the Board $4,000 has mo
than once been made from an inveslme
az 500 A "stfaddlo" Is combined p
and call, and is taking chances 90
ways. -,
inu Is done by brokers. Many OF the
act for wealthy operators, who not
frequently have several brokers' on !
fIoor at the same time. operating, 20
Appearances, Al cross-purposes ln'
are many tricks among SPECTATORS,
fnessing IL as useful on the boAIu
Trade as In game Of whist.
MANY Of Chicago's people specul
through broker on the board. The :
harvest Of the latter comes, howeN
- from the countrymcn, or more proper
Dn- the residents OF small cities and tow
) q These dazzied by the fortunes OF WI
in thew continually read as having b
is made in day, are constantly pour
Of money into that insatinte hopper
red circulation. from whence L passes
~ 4 mill, the tolls Of which are cxceediI
heavy. 80,
ator IL as ilkoly 20 VIII - Nbvi 49,"
4 capt. TO carry on his specnaiionss
a. ia tho long run. almost certain 70
"a loser: for. by reason Of contina
M, grinding. the entire grist is consumeu
AX the broker In the form OF commission
= tolls.
Board OF Trade men are for the n
mart a roliickiur set At times they
- like lot OF schoolboys. playing on
ate other all manner Of pranks. II one.
the value OF oil the hats that have D
les destroyed on the Chicago Board Of Iri
me he would be wealthy man. Stici
md burningpapers in hats. and emptyinghl
its pies Of -four over each other, are conn
on. amusements.
,ch Many OF the large fortunes OF Chic
were anassed on the board, and man,
Of. the heaviest operators we're once 7
lie nen, and that not many years ago, eli
md Many mans prosperous for =
Of has gone down under q run OF iii-l'