The daily morning journal and courier., 1902-04-14

been satisfied and the price began tt
 sag. This was not unexpected. Tht
 "Old Man" took his selling orders ou
 of the market and told his brokers to bt
 a little more aggressive in their buy
 ing for a while. The result was as ht
 desired. Others traders took out theil
 selling orders, and new orders to buy
 appeared. Then the stock began to gc up again.
 How do we stand on Feathers com
 mon?" asked the "Old Man of his
 chief assistant at 1 o'clock.
 We are still long about 5000 shares, '
 was the reply, 1 What does it stand us in?"
 Averages about $40 a share'
 Whats the stuff selling for now?" Around 45."
 | Well, let 'em have what we have got left this afternoon" ordered the "Old ! Man. 1T don't like the Feathers com pany very well any more. I'm afraid it
 might blow away" 1 And then he went to lunch. The or der to "let 'em have what we have got left'' was executed down to the last share of stock. It had to be done in 8 y, the price.
 Ambrose has turned seller of Feath- CTS common" was the message that went from the stock exchange to the different offices soon after the "Old Man" had started out for his midday meal and cigar at quiet club. Others began to sell at once, and the result was small sized panic around the post" where Feathers stock was traded. The price dropped with rush. At the close of the market it had lost all it had gained and was couple of points be- low where it had started in the morn- ing. When the "Old Man" got back from his lunch the trouble was over, and his brokers had made their reports.
 Did you get rid of that Feathers common?" he asked as he walked into the room where his assistant was going over the reports of the days trading.
 ''Yes, sir. Got 1t all off, was the re- ply.
 Altogether we had 1S,00o shares of the stock at an average of 4012. We sold it out at an average of 4212 That figures s36, ,ooO, less the brokerage
 The "Old Man" passed on to his pri- vate office very well pleased with him self, and was about to begin the perusal of an afternoon paper account of the rise and fall in Feathers, when the of flee boy poked his head in the door and announced:
 Lady to see you, sir-Mrs. Babbng ton"
 Show her in," commanded the "Old Man" with a grin of satisfaction.
 q thought you told me Feathers com- mon was going up, MT. Ambrose" she began, dropping into a chair.
 T did," was the contentious reply.
 But you said if I bought 100 shares you would see that I made some 
 No no; pardon me, Mrs. Babbng- tom interrupted the "Old Man" 'I slid that if you bought 100 shares I would guarantee that you would not lose any money"
 Well, did buy and have lost 
 "1 came down just after luncheon and bought 100 shares at 45," explained Mrs. Babbington. Tt wasn't ten minutes after that before the stock was 40, and | my banker told me I had better not run my further risk. I have lost $500.
 Well, I shall take great pleasure in | writing you a check for that amount | and for an additional s1Oo to cover the | brokerage charges and the trouble you nave had"
 That's very kind of you, I'm sure" [ aid Mrs. Babbington. hesltatingly. l but I advised a couple of friends of 1 nine to get some of the stock last night md they have lost more money than I nave"
 Well, I can't help that. Mrs Bab- ,ington,' protested the "0ld Man" "If l 'ou remember, I asked you particularly lot to mention Feathers to a living oul. I'm willing to make your loss rood, but I can't do it for everybody. And another thing, Mrs Babbington-- ext time you speculate buy your stock t 40 and sell it at 45. It will make you nore money. And don't wait till after unch to begin. You have to get un arly In the morning in this business "-- 'hicago Record dHerald.