The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-26
MADE A MILLION IN SUGAR.
A Boston Operators Account of His
q" SpecuIatlOns.

A Boston Operators Account of His
"f SpecuIatIOns.
From the New York Commercial Adver-
Boston, March 22.-T. w. Lawson, 10
cal stock broker says he has made a
round million dollars since last Thursday
in sugar speculations. He tells his story
as follows:
You know il is not conducive to the
health for an active operator to talk on
what he is doing, for if he expects to re
tain his hirsute adornment he must either
keep jumping so quick that none of the ex-
pert scalpers who haunt the jungles of
Wall street can find him long enough in
one spot to cut the floor from under him.
or he must envelop himself in mystery so
dense that all seeking for him will grow
color blind but on this particular COM
modity-sugar-I can, perhaps, depart from
the standard formula
ct have been twenty-nine years lodging
scalping knives of Wall street Commences,
and. although / am still here, have many
places on my head on which the hair re-
fuses to grow, and, strange to tell, al
most an the bare spots are labelled 'su-
gar l suppose that l have during the
TO sugar to endow fair-sized asylum for
tailless bears 1t has never seemed to mat
ter whether I bought or sold, went long
or short the dollars which l secured by
the employment of pick and shovel Drawn,
muscle, or gray matter, all seemed to
follow one another into the relentless NAV
of that modern saccharine titanotherium-
way back in 80 I invested the profits
of nv I4amson deaI-$7O0 0O0-in ten thous-
and in n fpx daVs amidst brill
liant fireworks, babe 1t adieu, when 1t
gracefully dropped below 80. Again, four
wears later, l decided 1 could make no
better longtime investment Of 100000 or
$500 900 of electric profits than to short SUI
gar from 81 to 10. In eleven days 1t took
81. 500 more than my profits TO even up my
account.
Thinking these things over of late de-
ternnined to make a final demand on as
tute and restless Wall street for my ac-
cumulated deposits-a kind of 'please-give-
me-baclk- my-losses' demand. l carefully
loaded up two weeks ago, to the extent of
twenty thousand sugar in the thirtles, feel
ling the atmosphere was redolent In oppor-
tunities Last Friday 1 bought twenty
thousand more, the last five thousand in
a rather open and frank way that seemed
but fair to my scafping New York friends.
well you know the rest 1t took fire.
MT ont a short line of 80, 900 shares, which
7 covered yesterday, at something over
$3.50 900 profit, and, strange as ii may seem,
7 now quit. l have struck a balance with
sugar and II gets no more Of my money.
am one of the few Bostonians who are
contented to live in the knowledge that
Wall street is too big and bright and cute
a metropolitan center for country boys to
monkey with, and you can say that 1 am
so tickled to get back my bait that will
never again, never. wander away from
home.
There is one moral that may be drawn
by Wall and State streets from the last
few days in sugar. Tt Is this:
ut is not necessary to-day any more
than 1t was in old days, to work deals with
false stories or fakes In doing what did
in sugar, I depended upon no fakes or
stories 1 simply followed Charlie Os-
borne's old admonition: If you want to
bull stocks, buy EN-. II you want to bear
EN- SELL EN- bought 'em and sold EN-
These are sugar facts as far as my move
ments have affected them