The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-06
NEW YORK IS MONEY MAD

New York, May "A Pennsylvania oil
town In the height 81 the boom could NOT
be more money mad than this city. with
its speculative hordes, Its wonderful stories
Of fortunes made in a minute and ITS
gold-lincd Wall street. over which tine
ominous shadow Of "Black Friday IL
looming, slowly but steadily. Every b.nncb
Of business has been infused with new
life by this wonderful elixir. which Is
sending men Into deirum and making
few coolhcaded fellows wonder what tue
crash Will be like. Wall street has lived
through many boom, with n panic AZ
the chaser. but the present period of pros
perty has swept like tidal wave beyond
the colony Of bulls aud bears aud IN.
tiehed people who never consulted stock
ticker In their lives--from the Maiden
Lane JeWeicr who sells Il S1NU diamond
bracelet to happy broker who has lust
made z quick turn IN Uniop Pacific to
the OLD newswOmau In front ~ the Amer.
can Tract building, who Is handed n dol
lar for Il stock edition." AZ a result of
the same citation all classes and conditions
arc Fronting by this Unprecedented sea-
son OF good fortune. The bartenders aver
sold since the Wall street boom started
thnn for years previous. Men who deemed
nger ana whisky good enough nov, ms st
on champagne so far ms cafe bills are
concerned, The restaurants tell the same
story of ready money Formerly am
ner which cost $40 plate was considered
pretty exclusive and expensive. Now
$40 affair Is mere bite between NEEDS
ana from $40 to $50 plate Is the pre-
Nailing quotation for plain fool. Florists
are selling more cut flowers at the present
lime than ever before The writers ut
the Waldorf Astoria. Holland house ANA
other first class hotels tell stories Of come
pIoIlEious Tips to people who have their
confidence.
Now for the day of reckoning Cripple
Creek was not always prosperous and the
come easy, go easy" rnle ia short lived.
Russell Sage says We are booked for an.
other BLACK Friday" which will prove
the most disastrous In the country's MIS-
tory; Nor is Mr.. sagf's pcssimism the
result altogether of indigestion. lie has
| studied the market carefully Every adj
dlilohal step upward taken by the market
n nns meant another pang for the aged
,,,n,n ar When the public have nad
9uenGrs WIZ he awful. II may mean ruin
for thousands"
Telegraph companies are Fronting huge
ly by the present boom. Never in tl,cir
history has there been such a demand
for private wires. Seconds mean millions
on the exchange, and many brokers have
direct wires between the exchanges ana
tiFlf oiH'SS. Botn main telegraph offices
| have every man az work and at high
tension In one way the Wall street
game is becoming question ot physical
/ endurance When a pale and dishevel d
uoukkecper SthgEers into the Aston house
nl o'clock In the morning, after twenty
hours continuous work, with few IN
( ttrnlissiohs Tor meals, and demands room
NJ any price. where he can snatch n little
sleep side of the street life presents IT,
ser winch the general public thinks little
ABOUT Last night three-fourths OF tho
clerks In the financial district dId not
leave their desks until . A. m MANY
remainder OF the time before reporting for
another twenty hour day in Turkish baths
DOWNTOWN hotels have been filled to over.
moving. The bo0kkeeper who staggered
INTO inc Astor house M a. m. stag
gered out again, for there wasn't even
COZ room for him. Sixty clerks were
| turned away between midnight aud dawn
by that hotel alone. brokerage houses
/ are paying their men from 50 To $40 apiece
| for this night work.
| feature If the present stock furry Is
/ the extraordinary number Of large checks
| passing through tho clearing house. A
/ rev years ago million dollar checks were
regarded ms big events, and up to very
/ snort time ago one firm had framed and
/ exhibited as valuable curiosity n $40
/ uW,WO check signed ny the latc JnV
Gouid. Now Sl0,oooOOo checks are SO com
/ mon as 10 excite no comment. The largest
I amount represented Ivy any one piece of
paper, during the present bull movement
/ ~ STOCKS WIS check for Sg3 600 UtHl
| drawn by j, T. Morgan & Co.. In conncc.
/ ton with the Carnegie steel deal.