Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1904-02-27
FRIEND OF THE BROKER.
A Business Man of Prominence
Warns Up on the Topic of
Brokers' Offices.

yesterday as the writer. says
Chicago paper, in company with
member of one of the most prominent
of down town business houses, was
passing a local brokers' office,
young man, who was warm mutual
friend of both of US, emerged from
the brokers' and hurried away in the
direction of his Office. 1t was at noon
hour and he had doubtless been
spending the hour hobnobbing with
the figures on the black board.
Somehow I don't like to see Harry
hanging aroung that brokers' office,
Il remarked.
$50 you belong to the class of peo-
pie who think the brokers' office a
dangerous place, eh?', retorted my
companion irritable. ''Well, now, in
the first place [ want to go on record
as saying that | believe in the brok-
er's office. It is the distributing
point for the market reports, without
which we would be century behind
the times we now live in. The market
reports which you get in that brokers
office back there tell the banker exact
II what his securities are worth; the
merchant can determine pretty close
ly from them what the financial con-
dition is and what it is going to be
aud can adjust his buving on that
basis; the shipper of grain and live
stock wouldn't dare to operate as he
does without them-couldn't do it, in
fact; the farmer would be at the
mercy of every little jim crow grain
buyer in the land without tnis infor-
nation which the brokers' Office
i. brings so quickly and easily within
his reach. Why, down in the coun-
try it's getting so that nearly every
farmer has phone in his house and
when he has grain to sell he knows
to a cent what he ought to get for it
and be gets it, too"
"But while these brokers' Offices do
all this they also furnish the news.
[ have a great many friends who
drop into the brokers' offices to see
how the war goes in the pit out Of
mere curiosity to see the fun, and
they know that if there is any i'm
portant bit of general news from any
part of the country to be had they
will get it there quicker than almost
, anywhere else. Frequently the
habitues of the brokers Offices in
neighboring cities know of a great
disaster-such as the Iriquois theatre
fire heretofore anyone else. Very
often sporting events are given in
detail"
at is astonishing how many of
our young men are forming the habit
of visiting brokers' Offices. And it is
no less astonishing to know how we'll
posted these young fellows are in re-
gard to movements in the world of
commerce and finance | dare say
that many of them could tell us older
fellows who pride ourselves on keep
ing close tab on 'Change-could tell
us lot of things. They learn to
study and observe every movement
closely and that means that they are
keeping in close touch with the most
vital of the country's business inter
ests. will tell you it is most valu.
able business training and discipline"
''One constantly meets at these Of
fees his business friends and alto
gether | regard the brokers' Office
pleasant and instructive place to visit.
There are great many men of my
acquaintance who frequent brokers'
Offices for this recreation and useful
information given gratis and who new
er have speculated dollars worth
in any OF the commodities dealt in by
the beard of trade The brokers'
office represents, in my opinion, per-
fectly legitmate-yes, as matters now
stand, an indispensable function in
modern commercial life. [ cannot
see any reasonable reason why SO
many people should get out their
little hammers and begin to knock
when they see friend coming out of
a brokers'. 1t makes me weary"
inst then our ways parted and
since thinking over what he said,
Pm OF the opinion that l jumped at
conclusion without giving the sub
ject the consideration it deserved,