Arizona weekly journal-miner., 1895-02-20
THESE ARE LIVELY.
MESS FINGERS WHO ARE NOT OF THa
 SLOW PERsJks. ON.

Valuable InsOrmatIOn-
 ''Of course you know those chaps do | not live on their salaries. " said Wall | street broker a few days ago. pointing to one of those speedy messengers that 1 are seen daily just before the close of | the exchange flying frAnticAlly along 1 the street
 ''Just notice the next one that comes | along. the broker continued. ''It is 10 | to that he wears diamonds If he does not. he is ignorant of the business
 At that moment one of the ''measen- gers, " having performed his speedy and | mercurial duty, passed by on his way back to the office. Sure enough. on the l hand with which he mopped his per- spiring fAoe there glistened two carat diamond
 "It's easy enough. said the broker philosophically. land it cannot bs help cd Many of these messengers arc 'oon. hdential'-that iA in tho hurry of tho | closing moments of the exchange they receive orders of the most important na- ture that are simply written on an open sheet of paper. Many of these measen- gers are frugal and quick wittsd fellOwa who arc ready to take advantage oe op- portunities as quick as Q fash So far as know, they do nothing absolutely dishonest. although in many eases such q thing would be possible
 ''Very often when they arc given or ders to convey to brokers they digest them thoroughly, debate the chances of success and act accordingly. If they think the order Q 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. ft is an easy thing for messenger for firm like that of Connor & Co. or CamrAck to make money. All they have Co 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 were hanging around watching the market with feyerish anxiety. Pretty soon they were re-enforced by a new arrival He rushed up to the railing and shouted fraptically to e young broker on the floor whom happened to know. A whispered consultation took place, and then the broker dived into the melee and began to bid on a stock until be se- cured the proper amount, when ho emerged flush and perspiring.
 ''It's pretty hot work in there. isn't ftp I asked.
 "I should say it was" he replied, especially when nobody wants to sell
 ''Who was the your man who gave you the order few minutes agop' l in- quired.
 He's Q chap that works for the firm of - & Co, was the reply. "He's a shrewd boy, too, and it Is seld0En that he is wrong on the market 70
 Perhaps he has exceptional oppor- tunities, !" suggested.
 'T suppose that is it It's no business of mine. though. He has an account with me and 1t is never overdrswn- In fact, it is constantly increasing. got my start in the same way, and. in fact great percentage of the brokss in the street were once messengers of one kind or another.
 l asked an old broker who had grown gray in the street what he knew about speculation among messengers He said; ''It has increased wonderfully during the last ten years In the old days, when speculation was heavier, 1t took far leSl to sway the market than now. Then the messengers speculated at their own peril The turns and changes were far mora quick and decided, and 1t was an almost sure thing that the small specn- lator would be wiped out in a dayoE 90. Not half so many men arc living by speculation in Wall street a formerly. and many of those who dAbble in the street do SO merely for the fun of 1t. Consequently they do not guard their tips as closely as in former yearR
 Not long ago went into Delmoni- co.'s for dinner, and sat down at 0 table opposite a young man whom Eecog- nized ss a messenger for a prominent Wall street speculator. Iwouh be will ing to take an oath that his salary is not over SIS week. Yet there he sak, with diamonds on his fingers and in his ahirt front. eating pate dc foie gras a though he had lived upon 1t all his life sup pose he had made a lucky stroke on some tip which his employer had sent to his broker, aud which he had taken advantage of. "
 Most of the Wall street brokers seam to regard this sort of speculation among the messengers as smart" ard legiti- mate. There are several large bucket shops along Broad street which are re- sorted to by messengers Of low degree who have tips" but no money to plunge with. In some of these bucket shops you can make a deal with ei0. Most of them, however, will not touch anything below 100 shares.
 There is no messenger speculation in this place, |" said Mir. Henry Clews. ''I have never yet seen a messenger who could afford it Some of them have come in here with orders from reputable firms, which have been honTed oy me. but l would not allow any messenger employed on the street to open an ac- count with this firm, you csn depend upon 1t In fact. do not believe all these stories about messenger specula- tion.
 Several of tho messenger tribe deal with up town bRoket shops in order Co keep their situstions in Wall street. Altogether the business is very inter esting one, and to many of those having inside information it is vastly profit able. e.-New York Herald.