The sun., 1893-02-05

dously. II you are satisfied it will do that will
YOU handle 1000 shares for joint accountp"
Yes" said the broker. II will IL you can
satisfy me- that your Information is sound and
OF the character you say 1t is."
The young man leaned forward and whis-
pered into the brokers' ear
How do you know all thlsp" asked the
broker when his companion had finished.
! The latter pulled some letters and papers
out OF his pocket.
Don't you ever give m awayl" he said.
"Pshaw! What do you think am p 70.
turned tho broker. scornfully.
II copied these letters myself" he said,
"and I've got friend in Washington who has
| gotten the inside facts about the proposed
legislation there. The stock has got to break.
and will know when 1t does. too. because I'll
know when tho facts are about to be made
| public. The directors are fighting. the reserve
fund has been swallowed up in the purchase
Of spirits from other distilleries. and the sup
| ply is way ahead OF the demand"
The broker looked over the papers the young
man showed him. After careful examina-
! ton. he said:
We'll. James. this looks promising. but
you know there's Il strong bull crowd around
interested in this stock,
overloaded now aud can't stand the PRESSURE.
~ give you the tip TO sell Just before the
on the ne puSe m down o a. yos
WELL" said the broker thoughtiully. you
Distilling, and Cattle Feedin Companys
suddenly a week or SO before from G5 It was
known that strong combination was trying
that the opposition to the Bulls was not weak.
and looked for deye!opments Dispatches
dnced OAtsnahly haln ho Co ~
spirits. and alcohol produced " the Whiskey
trust. @ aud shat Il tho atteapts Hpss' 81 the the
,rgss nl1ss to pass Pas !. might fall s. ths
some very shrewd brokers' insisted that
t. was all right. Just before the slump came
@ s ssaser
ss apGs 9o ss t9ek E
self The stock was sold at IS and bought in
40 not Ssys ne tE net
which James received hail. minus the commits
sions ana interest.
Wall street Is overrun with men Of al ages
others are not. SroSer said on tGe ths subiecs T
d..I is Eras,IsaIly ihmp9ssele to get Any big
leak. DOCUMENTS have to bo drawn. and law
isto SoaPS al asHS these 20 WIZ n
nation so obtained. or else will get friends to
do So man who has really valuable infor.
nation can make money out Of it In Wall
street. Most brokers will make him a partner
In the transactions based upon his tip without
hm s that Da at ue hs d asrxs hs
constantly, on the lookout for information.
The ell-known manipulators in the street
are watched by many Of their employees as
Mr. Byrnes's men might watch crook. and
they have 10 be mighty careful about letting
any papers lie around loose.
:, The IN news, news Of the heaaGinS deal was known
III ss Ped o sse R
Manhattan were well understood by a great
many brokers' long before the Information that
granted TO the company had been announced
in the newspapers.
specialty OF obtaining decisions OF courts
al1ectln; stocks dealt n upon tho street in ad;
don't know: / am sure. The decision in in the
famous Bell telephone suit was peddled out
IL asyf sc pn
sneenatSrs' Tho Tho agreed to whack R np On % the
Trust WAS also sold ON the street.
from whom thcy, get information. The fellow
stance. was frozen out Ivy all he deal with.
They acted upon his information. made u lot
nize nim. Uf course. he had no rcdress. lie
could not get anything out Of them by suing.
iSF the seusas w9n qph9a such
tHiSpsss KIND sHas would he!a ANY At least; never
has to rely entirely upon, the fairness and
honor Of % the man to whom no imparts It; one
get the better OF him Is to pretend willing
ness to divide WITH MIN i tho 1nformation nh RI M is
] they say It docs not not con Convince them aud they
don't care to act on it, As soon as his back IL
turned tney taSe 0i a H. jhst a me same
AT the same time the man who acts upon
the tips is much more @ apt to fet ieit than the
valuable tin offered in tno street there are fifty
which are bogus. Many iaIse tips are sprung
st stoc1' The tlpsters are like. those at the
horse, races. Sometimes their tins are steers.
pos posH from That 9Seh % they na have
horse f. SO to that wn ths who Setas has aS
% on the horse that he really, expects
u tin NOWADAYS unless he is thoroughly con
yGsa by IN or Essna
the re- aits anticipated. Stocks arc not always "
Of tho corporations they iePresent. In fact.
very frequently the price at which stock sells |
s SnE ss PSs CUFF S i value bx
isred at the prIIPfe they have decided upon:
the real f'v Value. And ali the o ansyorabIe dc! d
cisions Of courts on al the deal and combins-
tions won't avail to change the price OF that |
stock while the men who control 1t stand firm.
price whenever tho bulls have too much to |
carry and are forced to unload. On that ac-
count the man who knows the street won't |
buy in formation or agree to net upon it unless |
he has examined the situation In all Its |
phases. He must be convinced not only that |
the information is correct but also that it will |
Affect the market as the tipster says 1t will. |
Many trusting investor has found too late |
that the tips he, relied upon were not what he |
thought them"
Rushed with Business.
TSou "A, D,',ni F,,,