The Providence news. (Providence [R.I.]) 1891-1906, 1897-01-06
A NOVEL FEATURE.
Stock Brokerage O9ice for Special
Accomm odation of Women.

Stock Brokerage Office for Special
Accommodation OF Women.
One of the latest innovations among
local financial institutions is the stock
brokers Office for ladies that is being con-
Quoted at Room 46. In the Studley Build
Office is not q new one as ii was opened
some months ago by e. ]. knight & Co.,
as a branch Of their brokers Office at 81
WeyDo,set street, but yesterday the man
agement changed and Miss Mclaughlin
assumed full control of the branch Office
in the Studley Building.
To the average trader stock brokers'
necessary ss two tails to dog. IL the
doubters, however, could glance at the
neat little Office where Mrs. Mclaughlin
not only receives her clients orders but
acts az her own operator they would
change their minds. Here the ladies como
for there are certainly q number OF ladies
in Providence who have learned the
methods of speculation. and here, seated
iu the comfortable rocking chairs they
watch the hoard and from the quotations
give theii buying or selling orders just as
their brothers themselves might do.
The future course of the ladies who spe-
culate through Miss McLoughlin's Office
is some hat different from that of many
men, however. For instance they will
not permit any stocks to lapse IL there IL
any ps3ibility OF saving tie original In
vestment but will margin it down until
the turn in the market comes ard they
are given an opportunity TO sell out with
a profit. Besidss this they do not seem
to like the slow and safer stocks. 1t is true
that many OF the ladies like to trade in
st. Paul and are not adverse to any OF the
grangers but what they particularly like
is such securities es Sugar, Manhattan or
sone of the Gas stocks. These move
quickly and mean big profits, providing
the right side OF the market is discovered
and Miss Mclaughlin states that it is
her experience that the women are better
that they are more apt to use their own
judgmen and tn depend less upon the
rumors of uncertain origin that are SO
plentiful In the office, where stocks are
sold.
Miss Mclaughlin says that while some
of her clients are bullish, the women as a
rule ara inclined to follow the short side,
and they have selected their securities
with such success, that there have been
many instances of large profit taking
since the Office was opened.
There 10 one popularity about the
women as traders, however. Unlike the
men they do not have to spend the day
in watching quotations, hut after they
have selected their stocks ard made a
sufficient deposit, the majority of them
leave the office and do not return for
| several days. In the meantime IL the
stock reaches the point that they have set
their stop order is executed and they are
content to follow the market in the
financial columns of the daily papers.
Such Is woman as . specuIator and
while there are those who wish to keep
their eve on the board at all times the
msjority are willing to select stock, give
en- order and leave the rest TO the broker
and to chance.
| While this office vas distinctivly q
stock otuco for ladies' at first, Miss Nc
Lougblin has changed this to the extent
that she will accept any trader even il
| tney come from the sterner sex. AS a
| result several of the gentlemen whose
| offices are in that vicinity have already
| svailed themselves of the conveniencss
she has offered and her home-like rooms
now nave busy appearance during the
Ave hours in which the tickers tick and
| the chalk Is In constant use.