The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-15
in Copper
Stocks at Marquette.
WOMEN ARE WILD,
Investing in Margins is All
the Go.

Marquette. Mich, has gone stark,
roaring wild over copper and what Ia
still more remarkable, many Of th&
spectators are women.
Six months ago, writes a coTrespon--
dent of the Detroit News-Ts1bnns Tiers
was not a woman specuiator in town.
Today there are certainly not less than
1OO-perhaps twice as many. Womsn In
ali walks of life are putting thsiE pin
money up on margins-women whose
husbands count their fortunes with slx
or seven figures, and women who have
to work hard for their living
1t is difficult to tell with exactness
the number OF women spectators, be-
cause they are seldom seen around the
brokerage offices, but keep an open ac-
count with some broker and buy and
sell their stock over the telephone, n
IS equally difficult to determine their
winnings, but a conservative estimate
places the total at $4,000. Losers are
fow, and several women have made
$1,000 each, or more
That they have made SO much money
is due less to their good judgment than
10 the fact that, since the copper boom
has been on, everything has been
good buy 1t has been almost impos
sible TO so astray. Whether the women
VIII keep all this money is a question
II is true that a considerable amount
mas been drawn out and invested In fur
wraps and that more yet will be drawn
out to pay for Easter hats, but the bulk
OF the winnings stand as book" profits
ana when the much predicted great
break comes in the market there nav
be losses to count instead OF gains
How some of the women get tho
money to speculate is puzzle TO thu
brokers' as we'll as to the outsiders.
Marquette is city of wealth, and. Of
course, it has women with money IN
their own right, but it Is the middle
class women who are doing most of tho
Investing.
Some had the original money with
which they started advanced or given
to them by their husbands, but many
others were well ahead on the game
before they dared tell their liege lords
anything about their speculations.
Some husbands are still in the dark.
but their wives are making money Just
the same.
The iueXperience Of the women in
business matters has given rise to a
number of misunderstanding and am
using incidents.
A few weeks ago, when Tecumseh
was selling for Sc, one little lady in
vested in 20 shares. She was so elated
by the transaction, her first venture
that she went straight to a friend and
aroused in her a desire to speculate.
till she importuned her husband and
as the price of peace. got the necessary
margin money to go and do likewise
She made the investment, then went
over to the house of her friend TO CON
fide the news.
F How much did you pay?" was the
first question.
Six dollars and a half share"
why. | only paid SO for mine, and
| bought it just yesterday"
This was too much for the second
woman She couldn't abide the idea
of any one buying anything. whether
it was calico or copper stock for less
money than she could 1t reflected on
her shopping ability and as soon as
she could get her hat and cloak on
down she went to interview the
broker. He finally managed to explain
to her that the stock had gone up half
point between the two sales but he
received a horrible tongue lashing be
fore he was able to make the explana-
ton.
Merchants complain that the women,
and the men, too are getting the
money with which they speculate by
letting their bills rum A groceryman
hits OFF this by the following which APP
pears In the advertisement he runs I'm
Il local paper:
Don't nut all your money in copper
stocks Put some Of 1t in groceries
They'll feet better when they're going
down"