The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-19

for shares in these new companies. and of
this no less than one-fourth has gone 10
the men who engineered the combinations
and nOated the securities.
The Promoters Rich Harvest.
Promoting pays the biggest profits of any
business the professional financiers have
heen able TO devise. The past master IN
the ara is Anthony y. Brady, the new
leader Of the street, who has had hand
in almost every big combination that has
been put through in the past few years.
Mr. Brady IS said TO have received mill
lon dollars for carrying through the great
electric deal which united the Walker and
Westinghouse companies His achieve
ments In this line during the past year
must have netted him above s. 900 900, per-
haps twice that sum.
BY all odds the biggest cornbina ton of
the year, or y all time for that matter,
dozen different sfnanciers were concerned
in IL. At the head of them were the Moore
Brothers of Chicago who are reported 70
The aggregate sums paid to the men who
brought about the thirty-odd other great
combinations that have been put through
in the past three months amount 90 not
less than $l50,OO0,0O0.
As usuai, the big fish have had the chief
share of the profits, but the little ish have
not gone hungry.
New Pledged Capitalists.
The telephone clerk Of one of the big
brokerage houses made $4,000 early in the
season from the rise in Chicago Gas. hln
doing this he violated no confidence, Tor
he bought on his own judgment, investing
and reinvesting the savings Of seVerai
years until he was ready to set up In
business on his own account. Another firm
had in its employ bright office boy VINO
caught some of his employers enthnsl-
assn over the upward flight of the market
The boy went 30 his grandfather and Dor
rOWcd 5000 which the old gentleman mad
laid aside again a rainy day. In month
he returned the amount with generous in
terest having in the meantime made So
ff.rl aeolf of no l.
lative successes of the year is that of A
young Italian who made his FIRST thousand
from a system OF booiblack STANDS, Dul
who has mastered the intricacies OF stock
fluctuations TO such good purpose that ne
is now worth something like 100000. Sales
men, bookkeepers, telegraph operators, al
most everybody in the district that com
priscs the money market, have caught
few drops from the golden shower that
has poured down on wall street Tor the
past few months.
Even the newspaper men who report the
doings of the financial world, and who are
seldom drawn into the meshes of the spec
ulation, have profited by their opportuni-
ties during the past season. At least one
Wall street reporter who shared with the
editor of the paper his foreknowledge of
the markets course has made for the two
no less than $4,000. OF course, not all
have been fortunate, for the shear1ng OF
lambs goes on continually on the street,
but there has been such a steady 'bull'
market with a strong upward tendency in
prices that the market has not been difh-
cesses TO failures has been unusually large.
Probably there has never been a session
when so many outsiders succeeded in TAX
ing profits out of the realm of the specu-
lators as in the one just closing.
The Seasons Greatest Coup.
Curiously enough while there was a
strong and active "bulr' market from No
vember to May, the greatest single specu,
lative coup was the result of bear
raid. AS might have been expected Il
was headed by James r. Keene, and It
occurred on the exciting day that followed
the death of ex-Gov Flower.
Keene had persistently gone short OF
the Flower stocks for several weeks, be-
lieving that they were certain to take
tumble. Whether these expectations
would have been realized If Mr. Flower
had not died so suddenly, IL is difficult to
say. With his death, at any rate, there
came brief but decided break in Brook
lyn Rapid. Transit, Chicago Gas, Federal
Steel and the other stocks Identified with
Mr. Flowers name. In the two hours
during which the exchange was open on
that Saturday morning the Flower stocks
dropped off from IS to 60 points each. This
was Keenes opportunity. lie promptly
sold out, clearing up $4,000 for his morn
ing's work
Altogether Wall street Is entitled to a
rest having made for the interests iden-
tilted with its name more than 500, 600
from the most phenomenal season on rec
ord