The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-08-30
An Era of Money-making.


bonds and grain-if that era has not al
ready begun-and it is pity that any
one with desire to speculate should lack
the information necessary OF do so with
intelligence, and therefore with success.
IL Is well to know where TO go for ootn
information and opportunity, ana IL
would not be di fficult to direct lnqulrers
TO hundreds of places at any one OF
which they would be treated with fair
ness and consideration. but to the gen
eral public there can be no better advice
IMAM to obtain copy OF the Manual
and Guide to Investors" issued oy the
we'll known bankers. Ha1ght q Freese,
Broadway, New York. This manual
will be sent free to all who apply for 1t,
| and they will find that it contains, in
terms SO plain that anyone can under
stand the meaning, information and ex-
| plantations which make Wall street as
| clear to the vision as hillside meadow
| IN the month of May. Its operatlons are
| an cleared up and the housewife alter
studying this book little while, can
| sit in her kitchen porch and discuss stop
| orders, short sales, straddles, puts and
| calls, with the clearness OF veteran So
! lourner on tie pavements OF New street.
In addition to this special information
| the manual will inform reader that
| Messrs. Haight & Freese will execute
the benefit of their twenty years of sue
cessful experience. AS these bankers
| will execute an order to buy or sell as
| small as ten shares of stock at time, a
client can send as low as fifty dollars AS
margin, and have filed an order at the
| discretion Of the house. But for those
who know exactly what they want to do
the firm will also act and execute orders
on margin of from three to five per
| cent for from ten shares up. They also
| deal in wheat, pork and other food pro-
ducts. and in cotton, under similar con
| dltions. Customers out OF town Will
learn from the manual that they can
| send telegraph messages ordering pur-
| chases or sales without expense to them
selves This feature of the business of
the banking firm can be made of great
advantage to those living away from the
city. Another feature is worthy OF COM
ment. According to the old method of
| transacting stock speculations orders for
| less than one hundred shares were not
filled, and the brokers required mar
| gin Of ten per cent. Under such circum-
stances person with less than one
| thousand dollars to venture was Kept out
| of the market. Now it is well known
that very frequently the judgment OF the
| comparatively poor man is as good as
that Of the millionaire. But it he had
| not so large sum to venture as that
| just mentioned his Judgment was OF no
use to him and went to waste. Through
| these bankers such man can operate
| according to his means, and have the
| satisfaction Of proving his judgment
| good. 1t is well 10 know these things.
| and therefore the public attention is
| called to them.
In the manual there is one chapter,
"Short Rules for Traders" which should
be pasted in the hat Of every operator,
and conned over and over again till the
| rules be learned by heart. Here are
some of the rules:
AFTER extreme weakness buy stocks.
"Let profits runs limit all losses.
begin TO buy when prices are dull
and weak.
LEARN to take loss quickly"
But there is not space to quote extern
l sively from these admirable rules, which
are the neatly formulated expression of
the experience of a firm of bankers ac-
tive in this business for more than
| twenty years, and with a clientele larg-
er, perhaps, than that of any other SINH
lar house in New York.
Mr.. l. M. Freese, of the firm of Haight
& Freese, in recent interview, said: V
There are many stocks and bonds
quoted now at panic prices, at from IS
TO $50 per 500 shares. which, if bought
judiciously by the shrewd investor,
will net their owner thousands of dol
lars in profits.
"Take. Missouri, Kansas and Texas
common and preferred for example also
the second bonds. The common stocks
are selling for about SD for 500; the
preferred, about $22 for 500; the second
bonds, upon which four per cent. is obli-
gatory after the present month, and
which sell at $420 for $1,000. These are
gilt edged for the prices. On a margin
Of five per cent. one hundred shares, rep
resenting $4,000 par value of the stocks,
can be bought for $780, They cannot
fall, if at all, bat very little below pres
ent prices in any event, while with the
very first blush of business recovery
they will rapidly advance, and every
dollar of advance clears 500 profit to the
purchaser of each hunderd shares.
1.-THE same holds good with Atchison
securities, Texas Pacific Richmond
Terminal, Reading, Union Pacific and
Northern Pacific. Five hundred shares
the money formerly required to buy one
hundred shares.
| Values of American securities are
based on the prosperity of the country.
Nothing is constant but change. There
are bound to be good times after bard
times, the same as bad times follow
good. The time to buy is when prices
are low; to sell when times are good and
prices high. Rothschild's famous reply
as to why he was SO successful is remem-
breed I buy cheap and sell DEAR
ut takes courage, perhaps, to buy
when the storm has just passed. but the
rewards of this life go to those who
combine caution and courage. After the
panic of 1873, after the railway riots at
P1ttsburg in 1877, after the disturbances
of 1884, relied on the strength of our
institutions, American enterprise and
natural resources. My reliance has
never been misplaced. Repeated exper-
fences and the knowledge that comes
with third of century's acquaintance
with American finance tell me unmis-
takably that now is the time to make a
judicious purchase OF securities, either
on margin or outright, to lay away for
the coming advance
These views of Mr.. Freese are re-en-
forced in other authoritative quarters
They are especially valuable at this
time as coming from man whose skill
in such matters has yielded him and his
firm great success. He pointed out
among many factors in the situation the
tremendous balance of trade in our IA
vor; the splendid crops now reaching
maturity; the abundant currency await
ing the revival of business, and the no.
tent fact that the people are more nearly
out of debt and out of supplies tb an ever