Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1894-09-23
AN ERA OF MAKING.

AN 6AAA O9
1t is safe to say that we are now on
the eve Of great speculation in stocks,
bonds and grain-if that era has not
already begun-and it is q pity that any
one with q desire to speculate should
lack the information necessary TO do so
with intelligence, and therefore with
success.
1t is well to know where to 60 for
both information and opportunity, and
IL would not be difficult TO direct In
quirers TO hundreds OF places, at any
one OF which they would be treated with
fairness and consideration. But TO the
general public there can be no better
advice than to obtain q copy OF the
Manual and Guide to Investors"
issued by the w~ell-known bankers.
Haight & Freese, SO Broadway, New
York. This manual will be sent free
TO all who apply for 1t, and they will
find that 1t contains, In terms so plain
that anyone can understand the mean
ing, information and explanations
which make Wall Street as clear TO the
vision as a hillside meadow in the month
of May. Its operations are all cleared
up, and the housewife, after studying
this book a little while, can sit on her
kitchen porch and discuss stop orders,
short sales, ~straddles, puts and calls,
with the clearuess OF a veteran So
journer on the pavements OF New Street.
Ia addition to this special informa-
ton the manual will inform
q reader that Messrs. Haight
Sc Freese will execute dis
cretiouary orders aud give to clients the
benefit Of their twenty years OF success
full experience. As these bankers will
execute an order TO buy or sell as small
as len shares Of stock at a time, a client
can send as low as fifty dollars as mar
gin and have filed an order at the dis
erection of the house. But for those
who know exactly what they want to do
the firm will also act and execute orders
on q margin of from three to five per
cent. for from ten shares up. They also
deal in wheat, pork, and other food
products, and In cotton, under similar
conditions. Customers out Of town will
learn from the manual that they can send
telegraph messages ordering purchases
VI sAlCS WltuOu CAPShoo w
This feature OF the business OF the
banking firm can be made OF great ad-
vantage to those living away from the
city. Another feature Is worthy OF
comment. According to the old method
OF transacting stock speculations orders
for less than one hundred shares were
not filed, and the brokers required q
margin OF ten per cent. Under such
circumstances a person with less thar
one thousand dollars TO venture was
kept out of the market. Now IL Is we'll
known that very frequently the judg-
ment of the comparatively poor man is
as good as that Of the millionaire.
But II he had not so large a sum to
venture as that just mentioned his
was OF no use TO him and
went to waste. Through these bankers
such a man can operate according to his
means, and have the satisfaction OF
proving his judgment good. IL Is well
to know these things, n 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 cosned over and over again till the
rules be learned by heart. Here are
some OF the rules:
after extreme weakness buy stocks.
LET profits run; limit ali lasses.
"Begin to bny when prices are dull
and weak.
Learn to take a loss quickly"
But there is not space to quote ex-
tensively from these admirable rules,
which are the neatly-formulated ex-
preston OF the experience OF a firm OF
bankers active In this business for more
than twenty years, and with clientele
larger, perhaps, than that OF any other
similar house in New York.
Mr.. l. M. Freese, OF the frm OF
Haight & Freese. in a recent interview,
said:
''There are many stocks and bonds
quoted now at panic prices, at from 50
to $50 per 500 share, which, II bought
iudiciously by the shrewd investor, will
net tneir owner thousands Of dollarstn
profits.
Take Missouri, Kansas and Texas
common and preferred for example;
also the second bonds. The common
stocks are selling for about Sl4 for $500;
the preferred, about S22 for 500; the
second bonds, upon which 4 per cent.
is obligatory after August, 1895, and
which sell at $500 for 81 200. These
are gilt-edged for the prices. On a
margin OF 5 per cent. 100 shares, repre-
senting $40. 900 par value OF the stocks,
cat be bought for $500. They cannot
fall, If at all, but little below present
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 pur-
chaser Of each hundred shares.
THE same holds good with Atchison
securities, Texas Pacific, Richmond
Terminal, Reading, Union Pacific and
Northern Pacific. Five hundred shares
of these socks can now be bought for
the none 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 bad
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 successful Is
remembered: L buy cheap and sell
dear
ut takes courage. perhaps, to buy
t. ~ or- hoe inet paSsad lint the