The evening times., 1896-09-11

New York, Sept. 11.-wan street is talk
ing in an adniringly envious way of Mau
rice Wornser and his recent doinss in tile
stock market.
He had already earned a record in Read
ing stocks years ago, when lie did some
heavy plungipg, with not very brilliant re.
suits.
This time it is the other way. He has
been successful and II as given evidence that
he has caught on TO the fine points OF the
game as it is played on the stock exchange
floor, and has jumped to the front, after
giving several of the Oldest operators u Sc
we're drubb:Dg-
He Is crcaited with having caught tee
market right on its recent grand drop, which
came after the Mckinley convention high
prices and reached low ebb about the time
that Bryan was on his way Eastto make his
Madison Square speech. Having been a
seller at the top figures young worDser was
prepared to take full profits down 10 the
lowest quotation.
1t is an open secret that the short in
terest intended to let prices run down
much further, but they were surprised
to find strong buying, SO much so that
there was somewhat OF a stampede to
cover dDu tue present DOoui was stditcu
PROFITS HALF A MILLION.
The buyer was Maurice wormser, who.
SO to speak, pegged the down trend OF
the market, and. having covered his top
notch sales, was a heavy buyer on the
long side for profit on the Tise. This
profit he is DOW watching day by day,
as it rises higher and higher.
He was general trader and made
money In almost the entire round of
stocks. In Sugar he was almost spe-
ciaiist Chicago Gas came in for latter
ing and got plenty Of help from those
most closely identified with tile property.
Manhattan afforded an easy mark for tie
bold, young plunger. while the grangers,
coalers and trunk lines all came in fer i
severe pounding when the market was in
a yielding tone.
1t is estimated that the sales of Mr..
wormser for the account and for effect
on the market ran W ell over 100 600 shares.
and that there is q profit ON the Worm ser
books of about half a million dollars,
all made within a quarter OF year and
without any real need Of cash capital. All
that was required was pluck and luck, and
OF these the young Mills Building operator
had an abundance.
DEFEATED THE OLD-TIMERS.
His success is the more note worthy as he
was not an insideT in ans Of the properties
dealt i'll, and that, therefore, he was not
doing the trick so characteristic OF Gould,
Sage, Havemeyer and others.
Young Wormser was playing against a
gang OF expert and bold professionals, and
his winnings came from offices wrerc the
smartest operators OF the street are sub
posed to congregate. He was particularly
clever In giving the market an up turn AT
the time lie did, when he left a lot OF bears
heavily short of stocks to chase the market
on its rise.
Mr. Wormser has been very assiduous IN
his attention to business OF late, and, as be
likes the game, has capital and has sowcd
his wild oats, it is expected that he viii
be heard from i'll some heavy market coup
from time to time.
He Kept his counsel we'll, and, while many
looked upon Harry Well as the aggressive
bear operator, the fe w posted ones sne W that
the ex- -ciother from ST. Louis b as long been
a deadduck i'll the pool, but ithas not leaked
out till now who the champion winner wi-s.