The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1894-12-29


to one of those speedy messengers that
are seen daily just before the close Of
the exchange flying frandcally along
the troet.
'Just notice the next one that comes
along, the broker continued. 1T is 10
to / that he wears diamonds. Ii he does
not, he is ignorant Of the business.
< that moment one of the messen.
gers, having performed his speedy and
mergurial duty, passed by on his way
back to the Office Sure enough, on the
hand with which he mopped his per-
spring face there glistenod a two carat
diamond.
cts easy enough, " said the broker
philosophically, land it cannot be help
ed Many Of these messengers are con.
fidential-that is, in the hurry Of the
closing moments of the exchange they
receive orders Of the most important IA
ture that are simply written on an open
sheet of paper. Many of these messen-
gers are frugal and quick witted fellows,
who are ready to take advantage of OPP
portunities as quick as flash. So far
as | know, they do nothing absolutely
dishonest, although in many cases such
thing would be possible.
Every often when they are given or
ders to convey to brokers they digest
them thoroughly, debate the chances of
success aud act accordingly. If they
think the order good one they rush
around to some bucket shop and buy or
sell, according to the tenor of the order.
That is why they wear diamonds. II Is
an easy thing for messenger for firm
| like that Of Conner Il Co. or Cammack
to make money. All they have to do is
to follow their opportunities. Go over
to the Consolidated Exchange, and you
will see them"
The broker was right. While the
| bulls were believing and the lambs
were bleating around the big railing
| two or three messengers who happened
to have nothing particular to do We're
/ hanging around watching the market
with feverish anxiety. Pretty soon they
were re-enforced by new arrival. He
rushed up to the railing and shouted
| frantically to a young broker on the
floor whom l happened to know. A
whispered consultation took place, and
then the broker dived into the melee
and began to bid on a stock until he Sc
cured the proper amount, when he
| emerged flush and perspiring.
Its pretty hot work in there, ism t
it?' l asked
81 should say it was," he replied,
especially when nobody wants to sell. "
"Who was the young man who gave
you the order few minutes ago." in
quired.
"Hes a chap that works for the firm
of - & Co.., T." was the reply. Hes
a shrewd boy, too, and it is seldom that
he is wrong on the market ~
Perhaps he has exceptional oppor
tunities, suggested.
= 81 suppose that is it. It's no business
of mine, though. He has an account
! with me, and it is never overdrawn.
In fact, it is constantly increasing.
got my start in the same way, and, in
fact, a great percentage Of the brokers
in the street We're once messengers OF
one kind or another"
| asked an old broker who had grown
gray in the street what he knew about
speculation among messengers. He said
1T has increased wonderfully during
the last ten years. In the old days, wher
speculation was heavier, it took far less
to sway the market than now. TheI
the messengers speculated at their owl
peril. The turns and changes were fa1
more quick and decided, and it was al
almost sure thing that the small specu
lator would be wiped out in a day O
so. Not half so many men are living b,
speculation in Wall street as formerly
and many Of those who dabble in tn
street do so merely for the fun of it
Consequently they do not guard thei
tips as closely as in former years.
Not long ago | went into Delmoni
cos for dinner, and sat down at tabl
opposite young man whom 1 recog
nized as a messenger for prominen
: Wall street speculator. would be will
ing to take an oath that his salary is nc
over SO a week. Yet there he sat- wit
diamonds on his fingers and in his shiI
front, eating pate de foie gras as thong
he had lived upon it all his life. | SUP
pose he had made lucky stroke O
some tip which his employer had sen
to his broker, and which he had take
advantage of,
Most of the Wall street brokers seer
to regard this sort of speculation anon
the messengers as smart" ard legiti
mate. There are several large buckle
shops along Broad street which are ri
: sorted to by messengers of low degre
o. who have tips" but no money
, plunge with. In some of these buckle
shops you can make deal with SIC
Most Of them, however, will not touc
= anything below 100 shares.
There is no messenger speculation j
, this place" said Mr.. Henry Clews. 90
? have never yet seen messenger VIII
could afford it. Some of them hav
come in here with orders from reputabl
firms, which have been honored by me
but l would not allow any messenge
employed on the street to open an aC
! count with this firm, you can Deepen
: upon it. III fact, do not believe al
{ these stories about messenger specula
ton "
Several of the messenger tribe dea
with up town bucket shops in order t
keep their situations in Wall street
Altogether the business is very inter
esting one, and to many of those having
inside information it is vastly profit
able. New York Herald
In That Case-Nhat9
Maurice Barrymore, the actor, is grea
wit and wag, and at sharp repartee he i
wonderfully clever. One of the acquaint
: ances he made at the Hoffman House is
dapper little agent for certain brand c
champagne and is constantly pushing it
sale Barrymore liked the agent. and h