The times. [volume] (Richmond, Va.) 1890-1903, 1894-09-18
proa,s IL any are realized on their guess

proats II any are realized on their guess
! instead OF trading in hundreds, or 81,
| more az they forTnely did, they VIII
| take the gifts Of their broker friehds,
| and trade In tens and twenties, Ih ',ss
| trades win be made on an exchange UP
| on which they formely looked with dls-
| daln. They viii fail TO ind the SAM
| wealthy class OF spectators tnere sa W.
| they were formerly accustomed 10 con,
| sort with They Will find themselves III IL. a
| more democratic centre. and will recos
| nize many men who are doing az tnrS
| are. who also formerly SWUNG their thous
| sands OF shares. They VIII nsten ,,,, ~
| much wisdom and knowledge ou .ad
| the rail as they did In the higher-tohso
| hut no more honest brokers oihces' .r NJ
| aided them 10 lose their iostunes' INNS
| will follow. the same oia ,pe seI hafore
| and will lose their money WIN VIC Lad
| positive conviction that the luck iai,fe'
| against them, because, as 'hey lille
| IN they could have held on pul i've
while longer the market Wou'u TN
been certain to come their way. -,
they find themselves upon ~ Town
without u dollar. They walk n0 W night.
They find a free lunch al ln'"VIIsi
and think only OF the time WIZ" VIZ, scr
luck will turn They 90 he sioy~ "a pro
cnsg H. obtaining money, and they say
20 ,be,nselves that even II they cOuIu
get situations the salary "oulu DC oo8
small that It would 40 tncln nv dGliar
and so they continue 10 Dorro" a uVl'" 1
here and a dollar there, ana WAT an"
none for years. Their nope - paseu "
on nothing more substantial than Stv,,v
OF men who have taken a tSh.u'nn">
and run II I'D into thousands OF uoi -
Tbev never lack for company. lnt
Street is fun Of just such as they, "a
various stages OF poverty al "a otbcr's
are acquainted and Know OF eaer' 81 the
past wealth and former power , J." ~
market Former bankers ana pi"heIS
merchants whose names were I"Sps' a."
throughout the commercial WyiIt -,
cade ago. and many ot41e e. a., n,cs, from
day 10 day. They form sort o, 'O
madic brotherhood. They are an on a
level, past glorics have ue5air,tyH, ber,.
they are willing 10 OoTro" uoiiri " d.
ever they can. They have become m
grained nessimists who see no bDou ~
ANYTHING except charities to thei,ns,.'[I, ,'1,
and these they accept as De'ls world
upon the suppositoh 'iA'
They have long since moved down
ward from the Exchanges 10 tne ,'~,Ies
shops, and through the various ~ {n
Of these until they are , 10 oe class Of
foul iU-smellIng ones, where theS VI
sit ali day. day after day III a ~ ~
atmosphere listening 10 the cailIn5 go
prices from the llfhfl "'AfNf
iInderpaid and dirtily dressed 10y ~.
tng me Drices upon the blackboard. tHe.
sit there nodding ana SeePInS tnaat.a
chairs in warm weather anu ,,'ii,or
about the ill-smelnus sloNV ~ Indics
TO keen their scanttlyciothed po..cS
warm DO they ever speculate dI'O'
reaching this condition? Yes. al tileS;
When by some means tney haNe oo'a'l III
four or five dollars tuey VIII D"F - one
noint margin. II the market goes thef
way. and they make the two points pIo,
fit TO which The proprietor OF the p"She'
shop limits them. they TAKE thsll no
m less a double commission, Tor one
must pay well TO trade In broken Io,S
that are never delivered, ana 80 up lo""
at 3 o'clock with thieadDaTe feIi
satisfied feeling that thef powers nav
not yet deserted them Upon uls ,st
occasions they are looked upon win
respect by the patrons of the buckel
shop who have lost that day, ana thelI
opinions are asked as they were years
before. when they at times manipulated
he market. They are as well pleased
with themselves at getting Two pOlltS
profit on two shares as they were 1oI-
merly i'm getting ten points on I'Vp St"tVss
The following day their steps are "a liz,
tie more elastic as they enter the buchet
shop for they see success at the lar
end of a long vista of misfortunes
-Four shares of stock are purchased ms
time, for the market closed above l4e
close their contracts by the proprietor
of the bucket SHOP the day before anu
they were told years ago, When they
first went into me street. TO play
market as long as II goes your way.
1t takes their former capital 10 Pay
commissions on the four shares, anl the
profits the day before are put up as mar
gin The market continues strong IpI
an hour or so, and they receive cohSrat~
ulations on their prospects from the
others in the room. Real or SUPPOSED
news tnat affects the market Is received
in the street a sudden drop takes place,
and their margin IS wiped out, ana once
more all Is gone. This time the bucktt
shop proprietor smiles, while the slecu-
lators sit and curse their luck. Ihey
have patiently waited for months Ior
the opportunity to make those two trades,
and now that they have come and gone
and terminated Ike all the former ones.
they drop back into their moody silence,
ana sit and watch the blackboard through
habit until o'clock and the ticker ceases,
They would sit forever if the ticker would
continue TO turn out quotations NJ TN
despOndent hearts ana weary feei, thrf
leave for home when turned out, ana
90 unnOticed by those who asked ADVICE
the daY before. And 50 II goes on Tor
n time longer. when they nnatiN drOb
ont Of sight one 10y one ana
their names and former transactions
become matters Of dim recollection on
the street. Thus the possibilities XII
where successful guessing IS called Skin
nd fallurp hard luck.