Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-24
WALL STREETS
QUAINT TYPES
How Denizens of the Pit Look
And Act When
Playing.
SOME ARE sUPERSTITIous
These Strange Men Are Oddcr Than
Race Track Folk--The Game
More Enchanting.

| Dickens did nor cCnlurc UP suCs1 SS''
Gus characters as one may find in wall
street in the customers rooms OF
brokers, In the back rooms of bucket
shops, in the doorways and on the
pavements OF New street In the cafes
restaurants and other haunts of those
who chase the elusive dollar.
Here is O brokerage firm doing busl-
ness on the stock exchange, says the
Van Norden Magazine; one member or
perhaps two, active on the board an
other looking out for the office re-
quirements. There IL n comfortable
customers room, with stock ticlSers,
easy chairs, gossip tickers, and on the
table literature of n kind calculated TO
interest and entertain the casual way
farer or customer
THE OFFICE TYPE.
The Office member Is genial, plaus-
iblr. confidential full Of wise saws and
secrets of vast Importance, eXuding
knowledge of prospective movements,
clear as to the significance of the news
and reluctantly intimatng by his very
denials and his hesitancy that he is In
close communication with the big
interests"
Candor sits enthroned on his fore
head there Is total disregard of self
interest in his advice and In his
pocket is the memorandum for MS
margin clerk, showing how much fur-
| Their leeway his customers may have
| before he calls them, The best type
| of Office man is the one who can keep
| full margins and at the same time
impress his clients with the belief that
he is the earthly manifestation OF their
guardian angel
THE WESTERN "SPECULAToR."
But the customer himself rs the
more interesting type. He has many
varieties from the top hat and frock
coat of the pseudo plunger to the COM
monplace SLOUGH and bourgeois tWeeds
of the 100 share man.
Recent years have seen the advent
Of the so-called Western speculator,
| spectacular in his stock market OPP
erations, which are but variation or
his other forms of gambling, Arm in
his own belief that he is a power in
the market, kept before the public by
the voicing of his own sef-apprecia-
ton and under cover of his flimsy rep
utatlon for breezines and square deal
ing, earnestly and assiduously looking
out for himself even at the sacrifice
of his intimate friends.
THE GAMBLING TYPE.
Then there is the gambler, the own
| or OF a giiued nalfsce uutown somewhere.
You can find him in the financial
district, Invariably loser. lie does
| not take his losses easily.
profanely he consigns the game TO
| Gehenna, but--he comes back. Luck
goes against him, he loses heavily, he
borrows, loses again. and again he Is
tided over He retires beaten, but ne
comes back again TO pay his oepls ana
Akin to him is the horsy trader,
sometimes vague, mostly vulgar.
whose lucky plays and amours are
his choice topics. He will tell you
confidentialiy when STOCK mas au,
vanced several points how he had a
tin TO huy It before the advance. No
important move catches him unawares,
and his prescience {after the facD
is wonderful.
TEH CHART PLAYER.
Is there ANYTHING quite so interest
ing as the chart player? He has note
book In which he jots down each Day
by means of diagrams, the fiuctuation
in certain stocks.
He speaks in n mysterious way or
double tops" and double bottoms"
tells YOU how It is certain that when a
stock crosses the high price OF pre-
vious upward movement IT VIII score
a further substantial advance. me
chart is positively an oracle 10 MN.
Delphic IL is true, for there are rev
who thus keep record of Fortune s
FRANKS who show any outward and
visible signs OF Fortunes favors.
SOME OF THE SMALL FRY"
There are as many distinct types
among the smaller fry. There is the
exceptional type, the free handed
| plunger who plays for the excitement
it affords. occasionally wins. but takes
| IL for granted that the balance VIII
be on the debit side at the end OF the
1 DO. tha M
have schemes OF all kinds to promote,
the object of tender solicitation on the
part of brokers, who see big COM
| missions In his disregard of conven-
tional methods and lack Of conserva-
: | tism.
Then there Is the ouletter type who
, Is unknown to the public, who trades
heavily and takes either his losses or
his winnings without comment, Usual
~ he is a close observer or conditions
, and in touch with the so-called big in
, terests.
THE WEALTHY TRADER
A variation OF this type Ia the
wealthy trader who is identified with
some issue or security traded in on
the board He has many accounts,
but he Is secretive and sharp witted,
He viii promise anything. he Is es-
peolally conclihtory and good fell
low 20 newspaper men. and he Is al
ways at pains TO cnthuse over any Nisl-
tor who can serve him. But II Is an
upwholesome type, the kind that
makes white light history and the
association OF whose name with any
] enterprise IN enough 10 blacklist II In
3 the eyes OF square dealers
! POLITICIANS ARE PLAYERS.
Success In politics seems to leave
: men susceptible TO the lure OF Wall
street, and there are dozens OF officers
In the financial district that number
among their customers men who arc
closely Identified with the political
! | game,
And II Is not your ward politician.
your district leader, nor your director
I OF the machine that constitutes the
! principal part OF this particular CO.
! terie OF SPECTATORS. Some of them are
high in the legislative councils. some
are stern and puntanleal In their pub
lie views, others are names to reckon
with when public functions ara In
Z hand.
STORY OF A PLuNGER.
one man who was at one time very
much IN tho public eye 10 whom was
intrusted certain government work OF
special importance, spent much OF his
time In a brokers' ONCE In the hnan-
clal district, lie was a favorlte In the
Rise and Shine series or thumhnail
sketches which good magazines and
| null AZ