Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1907-06-28
CHAPTER v.

Thursday, November IL, was
memorable day in Wall street AS the
gong peeled its the-game s-closed-till-
another-day, the myriad OF tortured
souls that are supposed to haunt the
treacherous boys and quicksands of
the great exchange, where lie their
earthly hopes, must have prayed with
renewed earnestness for its destruc-
tion before the morrow Never had
the stock exchange folded it's tents
with surer confidence of continuing
fits victorious march. Sugar advanced
with record-breaking total sales to
2071a and the final half-hour carried
the whole list of stocks up with it. In
that time some Of the railroads jump
ed ten points. Sugar closed at the
very top amid great excitement, with
Barry Conant taking all offered. Dur
ing the last 30 minutes 1t had become
evident to all that the board-room
traders and plungers, together with
many of the semi-professional gam
blers. who operated through commits
sion houses, were selling cut their
stock and going short over the open
ing of the. Wall street hoodooday. Fri
day the 18th of the month. But it
was also evident, with the heavy
selling at the close and stiffness
OF the price which had never
wavered as block after block was
thrown on the market, that some pow
erful interest as well had taken cog
nizance OF the fact that the morrow
was hoodoo.day At the close, most
of the sellers, had they been granted
another Ave minutes, would have re-
purchased, even at loss, what they
had sold themselves into a trap.
Their anxiety was intensified by the
publication, a few minutes later, of
this item:
''Barry Cpnant in coming from the
Sugar crowd after the close remarked
to fellow broker by three o'clock to-
morrow. the 18th. will have a new mean
ing to Wall street. This was interpreted
as pointing TO a terrific jump in Sugar
tomorrow"
The street" knew that the news
bureau that sent out this item was
friendly to Barry Conant and the "sys-
tenn" and that it would print nothing
dispieasing to them Therefore, this
must be foreword of the coming
harvest of the bulls and the slaughter
of the bears.
Others than Ike Bloomenstein re-
marked upon the fact that Bob Brown
ley had hung close to the Sugar-pole
all day, but when the close had come
and gone without his having anything
10 do with the Sugar skyrockets, he
dropped out of his brokers
minds. Wall street has no use for
any but the deer The poet and
the mooner would be no more secure
from interruption in the center OF
the Sahara than in Wall street be-
tween ten and three o'clock. Some
sage has said that the human mind,
like the well-bucket, can carry only
its fill. The Wall street mind always
has it's I'LL of budding dollars. In con-
sequence, there is never room for
those other interests that enter the
normal mind.
Friday, the 18th of November. drift
ed over Manhattan island In a drear
drixzle Of marrow-ehilling haze, which
Just missed being rain-one OF those
New York days that give hesitating
suicide renewed courage to cut the
mortal COIL By ten o'clock II had set
tied down on the stock exchange and
it's surrounding lnfernos with a clam.
,.,Jnags fhos AampaA fha s~;rfto ~ 4ha
most rampant bulls. No class in the
world is so susceptible to atmospheric
conditions as stock gamblers. Many
a stout-hear1ed one has been known
10 postpone the Inauguration Of long
planned coup merely because the air
Annd hia hind with The aank chiil Of