The daily morning journal and courier., 1894-08-25
T. E. WARD X CO.,, Bankers and Stock Brokers,

" Ao'"r ss5 Cortlandt,
 T. E. WARD X CO.,,
 Bankers and Stock Brokers,
 31 aud 33 Broadway, New York,
 Those who operate in stocks or grain lwhether for investment or speculation) will find 1t greatly to their advantage to deal with iirms who are in a position 10 ACTUAL buy in the market. rather than with con- cern who contine their business to betting
 The New York Cons solidated Sto,k Exchange !where we transact our business) have the largest membership and occupy the largest and finest Stock Exchange Building In this country, which they own free of mortgage.
 Interest.
 Their clearing house system (similar to that Of the London and Boston Exchanges) ena bles us to carry stocks for you without charging interest from Monday till Saturday if you carry stocks over Sunday you are charged one, one weeks W interest. Example: Suppose you us S3Oo margin, the stock would cost you sl 100 the balance due on 1t would be SSOO on which the Interest for one week would be II If you kept the stock over Sunday. Some firms offer ooa to carry stocks without intersst that is be-
 Margins.
 We require from to 5 per cent. mfrSin, but loss can be stopped at h per cent. if de- sired: We open general account with you, which you can close or draw from as you please. Customers will find 1t to their advan- tage to keep as good balance with their bro- kers as they can afford it enables them to take prompt advantage ot q favorable market and their deposit dI avs interest at per cent. Commissions.
 Our charges are 1-l8 of per cent. tor $6.25) for for buying lI shares test on iO sharesl, same mission charged, and is 50 favorable for cus- toners that it frequently makes D. o itable what would have been an unproftaole &C., count. Experienced operators particularly W apprsoistts@ snst@s commssSn aI so small that during the day and scalp the market.
 Market Letters.
 We used to write e,cb customer letter fre- quently concerning the market, but our lists became so large that about two years ago we adopted the plan of sending out daily letter to each customer giving the fluctuations in a form that enables one to, judge correctly the course of the market w also give our opin- ions on different active stt cas. We have on 1le copies of our market letter from its first issue a perusal of these letters will show that stocks have been remarkably correct.
 Dealing in Stocks and Bonds Is the only business you can go in and out of when you please.
 IL IS the only busin ess in which you can limit your losses and avoid deb. if you are wrong It is the only business that will enable you to be wrong three times out of four and yet make money. '
 It is the only business that the newspapers advertise full particulars of eve,y day for nothing.
 It is the only business that it is possible to make fortune at in a short time with mod crate capital.
 A great many brokers Q issue book giv- ing 'new and sure methods of operating in stocks. These books contain from twenty to N nr, tkro1 nt oot other. and which your experience has prob ably taught you are without value. You can- not go to war, or in business, without rum ming some risk, but you can so plan as to re- tion in genuine commission houses Is as le- gitimate as the grocery business, and # car ried on under the same principles much more profitable. There are ten thousand millions of dollars of railroad stocks and bonds in this country, ai, amount almost too great to working day and night to make money for their stock and bond holders. and are man. aged by men Of greater ability than those generally employed in mercantile business. Some Good Rules.
 Before you give, ap order; to buy or sell. to lose on that particular transaction, If you are wrong; then order your broker to stop your loss at that figure, which ought to be V 10 2k per cent.
 
 the amoiint, you would have lost if wrong. When you have a profit of over per cent. instruct your broker to Sell out If 1t falls back to the purchase price, V In beginning you should stop the losses on oae you oan opd at to r es ef you at least five chances. Be very careful of your original capital, and take your largest risks with your profits. S71l It is generally agreed that # is better to buy when the market Is weak, and sell when 1t it Itrong.
 Another Method. Buy 50 moderately as compared to your cap- tai that you can afford to buy more if tlle tock you have bought should fall in prioe, You would thus have a low average, and on me rst rise in price e rtse always comes> sell
 Building Up. When you have bought (say) at 50, and tho )rtce rtses to 68 (mOre or less), buy as much ! nore giving an order to sell all if 1t goes back 9 within H per gent. of the average price. | y building aip" in this way, and without n enormous profit and only take the risI Of | small loss on your original purchase. Wll4re l tocks have rise of 10 to 70 per cent, which l hey frequently do, the amount of rtsk ie | idfculously small, compared to the profit you 1
 Selling Short. y~ <%s he word sell for buy and the word 'close" for Bll
 1t is only in stocks that you can make u,onev ut of diversity and hard times One whn new horses would sell 50 per cent, cheaper in | months time, could not make any naonev ut of his knowledge, except by seitinK sGnk |. orse he might personally own. Owing to the act that every share,of stock in any particu. | 1T company is exactly the same as every cher share Tn the same company, brokers are | ble to borrow stocks freely of each other. | we can sell FIRST and buy af- 'rwards, the buying in Of the stock sold, |
 Grain.
 There Is an excellent market for c.hica Sr |, rain in the Consolidated ExchsnMSs. M ~ Oii.
 The N; '. Consoiidoted Stock Exchange ealt in elsewhere to adventare. v
 Renarks. You will nnd that the service we car render |; Is to our interest that you shoiid HWY, loney. All business Ia 0cn6idefed ntriotIv Correspondence .aiven cAre{tii ttention. At0.egrabh code for custonSrv:st 'e have direct private wire to Boeton. aieG \ rtyate telephone and wires to ths 1xohsnee. T. E. WARD q O..
 sl AND g ,s!s.!!. Bs!Hs.o!!.ApwAY. NEW YOkK.
 BOSTON. 7'T !, Stocks, Bonds, GfSin. ought and soA for c1sh, ~ cn [ to B pcr 'nt msreih. Cal cF send for our 6eily l ssT, " s- sssk sss "