The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-08-21
RELIANCE MONEY PLENTIFUL
Between 8sO.OOO and 100000 I'm wall
Street to Be Placed on Defender.

A food Of Reliance betting money struck
the Wall Street district yesterday. At
one time in the Broad street curb market
anything between $4,000 and 100000
was Offering at odds of 2 to 1 that the
American boat will win the series, of races.
The supply Of Shamrock money was very
limited. The star betting offer made in the
curb market was that of a representative
of A. o. Brown Il Co., who offered to bet any
part of $4,000 at to l on the Reliance,
no one taking him up. The odds closed
on the curb at to offered on the Reliance,
and to IN bid by Shamrock hackers.
William G. Gallagher, who handled
money on both sides, offered at the close
to bet 81, GOO to 81 600 on the cup defender,
or 500 to $3.50 on the Shamrock. During
the day Mr. Gallagher bet 500 to $3.50 with
Frederick +. Storey on the Shamrock,
and also $500 to $3.50 with George l. Smith
that the Reliance will be defeated.
Here are some of the other curb bets,
the hackers of the Reliance being named
first: W. C. Moore, $1,000 to 81 coo with
Thomas Tucker; Allen McGraw, 81 500 to
81 $50 with Louis Livingston; A. G. Gwynne,
$500 to $3.50 with X. W. Clifford; Floyd,
Chapman & Co., s., 900 to s., 600 with Frank
Phillips; Wrenn Brothers, 81 900 to $500
with c. NJ. Minzesheimer Annes & Newman,
81 600 to $500 with broker whose name
was not made public.
X. W. Clifford made bet OF $500 on even
terms with George Mullarkey that the
Shamrock would win a race. At the close
of the day Mr.. Clifford was Offering any
q q h.. Ds,If,l
A. c. Gwynne was Offering about the same
amount at the same odds, and other brokers
were Offering on the same terms amounts
ranging from 81 900 to $500 each. 1t was
figured that Shamrock supporters could
have found at least $4,000 in Reliance
money at the close Of the day had they
cared to come forward
Frederick H. Brooks, who has acted as a
commissioner in placing considerable yacht
race betting money, said that If the Reli-
ance wins the first race he will bet any part
of $4,000 at odds of 3 to that she will win
the series Mr.. Brooks handled during
the day a little Shamrock money and made
a bet of $500 to 81 900 with Allan McGraw.
Another Wall Street bet was that OF II, A.
Harrison of 81, 900 to 49, 600 that the Sham
rock will win majority Of the races in the
series, Wrcnn Bros, taking the Reliance
end.
The yacht race took great deal of inter-
est out of the market. Not only was the
general Wall Street attendance reduced
one third chat was the common estimatel,
but the remaining two-thirds seemed 20 be
more Interested in bulletins from the High
lanes OF Navesnk than in Jacob Fields
efforts TO turn the market. A small bulletin
board was set up on the floor OF The Stock
Exchange and reports were received and
posted there every few minutes. The
crowd around this bulletin board was fire.
A,,Vlxy InT fhi4n ftIIIT
the trading crowds combined, and when it
fell away the faithful who remained had
only to yell a little louder, pretending to
have a fresh report and brokers would drop
business and come running back from all
directions
II was noticed that the stock market
began 10 improve about the time Re-
lance took the lead over Shamrock, and
there were traders who seriously believed
that enthusiasm over the race bulletins
affected speculative temper bullishly and
had something 20 do with the rally that
occurred in tho late afternoon