The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1893-11-21

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gambling implements. The iluctua-
tions in the prices of stocks and grain
are used instead, and upon the quota
tions recorded by the ticker the bet
ting is done. Externally. these gam
bling houses are to all appearances
the same as the uptown branches OF
the large brokerage firms. They are
only oIen from 10 o'clock in the morn
ing until 3 in the afternoon, and all of
them offer special Inducements to
W men. For five hours daily they are
crowded with women, who gamble
with the same avidity displayed by
their sisters at the race tracks and in
the city pool-rooms before the latter
were closed by law.
bucket shop is the name given to
these concerns in the slang of Wall
str ct, and t. those who are versed in
matters financial the term CONVEYS the
knowledge that in them stock gam
bling can be carried on in a much
smaller way than is the case in the
offices OF legitimate brokers.
Five shares of stock can be bought /
or sold upon a margin e unl to 81 per
share. Profits are unrestricted il the
speculator is lu ky enough to make a
profit, and additional margins are ac-
cepted without limit
The bucket shop" like every gam
bling game, has its percentage in ia
yor OF the proprietor. This percent
age lies in the charge of quarter of
per cent in the way of commission.
Where stock is purchased the "com-
mission" is added to the contract price,
but where it is sold the commission
is deducted. For iustan e, the price
of ST. Paul being 81. the bucket shop
gambler who desires to purchase it re-
ceives memorandum to the effect
that for $40 the proprietor of the
bucket shop has purchased for his or
her account ten shares of ST. Paul at
6iA. If, upon the other hand, the
stock Is sold at Gl, the notice reads
"6O&."
boarding house landladies of the
bet er class milliners and dress
makers, who can spare a few hour
from their everyday avocations, ars
peculiarly suscept BILE to the Undue q
ments offered by the bucket shop.
At 10 o'clock they assemble IN tn e
stuffy, sparse'y furnished room pro
vided for their accommodations, and
for five long hours hang breathles Y
over the ticker, eagerly watching the
tape as it records the ever-varying
fluctuations of the stock market.
Some of these women are bulls
others are be RS. Those who have
bought stock in anticipation of a rise
belong to the former class; those who
have sold, expecting decline, are
among the latter.
There are plungers among them, too
and every buchet-shop proprietor will
tell You of a score of women who will
not hesitate to risk a Thousand dol ar.
on the fluctuations of single point in
their favorite stock. They almost in
variably speculate upon tips given tC
them 10y some one of their male friend,
directly or indirectly connected with
some Wall street house. Their face,
are familiar to one another and to the
proprietors of the establishment fire.
quented 10y them. but except in IA very
few instances their real names ar,
never divulged.
One of the boldest in the ranks oi
these petty stock gamblers is a woman
of large physique. She always dresse,
in rather shabby black, and is tn,
proprietress of fashionable boarding
house in Fifth avenue. 1t is not al
unusual thing for her to win or lose
$500 in a single day. Her favorite me
dium of speculation is sugar, which i.
the slang teru tor the certificates o.
the consolidated American sugar re
| tineries.
Another is little wea zen faced ole
maid OF probably fifty summers who
has been frequenter of the buckle
shops for the past fifteen years. Tel
dollars is the maximum amount riskeC