The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-25

NEW YORK. March 2i.-There's ticker
in the Bowery and it's stock ticker. No
horses are annonnced.' no baseball, no prize
fights, no sports of any kind The tape
records only the prices of stocks dealt in
on the New York Stock Exchange. and is
interesting enough to draw about it "a
large group of regular watchers. who hail
from the East Side. The Ghetto is begin
ming to-deal in stocks.
The bankers and brokers who first
thought of running the tape into the Ghet-
to are r. c. Friedman & Co.. member of
the Consolidated Exchange. They opened
their place at 81 Bowery three months ago
got l. Sachs, a popular East Side cafe
keeper, to be manager, and already they
number their customers at fifty. 1t is a
regularly appointed ofice-high stools near
the ticker; a blackboard with boy direct
from Wall Street, who cries. Mop.
N p. u. r. "B. X. T." etc: a bored
telegraph operator. and the manager with
tips" There is the wire and the phone
and the slang. The customers go short
and stay long" they talk of scalping
for pots" and taking losses they nope
and they cheer up.
The boy stands at his board with fifty
six stocks on his list He is supposed to
tear off the tape and mark up the prices.
but the customers who cannot wait read
off the prices and all ne has to do is chalk
them in their places. The only difficulty
occurs when the customers become eX-
! cited and use Yiddish Then the Broad
Street boy looks first panied. then tired,
and he waits staring at the customers,
uses presence of mind and hastily. apollo
getically, restates the facts. The boy com
mands no little respect on account of his
/ familiarity with the Wall Street
| That, by the way. is what they call the
market. They DO not say. How are
stocks?' or How is the market
! How is the Wall Street today Dave?''
! asked a customer who was in at about go
! o'clock yesterday.
1T opened up pretty strong. went off a
/ little but it is holding its own all right,
| was the placid answer. spoken with some
| tendency to VS. and is. but otherwise quite
/ conventional
! The customers. mostly doctors. drug
+ gists, business men Of the neighborhood,
/ sat about in the regulation big armchairs
| grouped in the customers room. The
manager has a private Office. with the
| telephone. The conversation is in Yiddish,
| but the English words, Third Avenue,
| Metropolitan" "Nipper" break through
frequently enough to show that the chat
/ does not wander Ear from the tape,
Mop eighth says a voice at the
( ticker. Sugar half.
The boy darts here. there, wiping cut
/ a figure. iotting down another
Dots Won t'Ousand. dot Sugar" says
| another of the "tapeworms." Two custo-
I mers wheeled around toward each ether
| looked like lovers into one another's eyes
| Then one whistled long and softly.
| ''Vot you t'ink?' asked another man
! Wy not is B. r. 7. great buy about nov
| once" -----7--
no" was the answer; mot yet You
wait. Briefly soon IS better
The manager says his customers are goot
| losers: that they pay up promptly when h
! calls for more margin. They are alread,
! wealthy. my customers he said. Their
| he went on TO add calmly that his custo-
mers DO not lose. As q general thing. be-
| ing new at il, they follow his advice an(
| he has plenty of advice to give. He Offered
| the reporter tip. The Office opened at
! good time and has been playing in good
| luck Just at present every body is very
! pleasant indeed There is not much u
bother ones peace of mind.
A doctor who came initiate yesterday af-
| ternoon said;
How about the tax biTI2"
| Il don't know, 4" said the manager. do
! YOU he asked the reporter Have you
| got paper? No? Then I'll ask the officer
| You ask i'm this to the telegraph oper-
ator who licked off few strokes and re-
| piled: Nothing new
IT'S an outrage. said a delicate East
| Slider that they do no. tax these rich
men
WAITS the difference" said the other.
The poor man pays by his sugar and his
! groceries
You are long of some stock, | know,
was the cOntemptuous comment.
No. sir; | hat close out my line" said
the other shrewdly. But | recommember
how you was short"
The hoy at the board said that at frs
| it was the hardest thing to get EN- to bu!
| anything but local traction stocks The!
| could see the cars he explained. ant
| they knew there was something there
They liked Third Avenue; they could watcl
it out of the window. And when they saw
empty cars they got bearish. and whel
the crowd filed 'em up they wanted to ge
long. But the firm kept most OF 'em Gu
| of Third Avenue. and the others found GU
here awhile ago yod know" Here the bo!
| grinned, .--.. .-..-
Where are you from asked the re
Porter
Dow, .Iones. he said. with superiority