The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-12-25

New York, Dec. 2S.--Wall street. or
at least that portion Of Wall street that
depends for it's prosperity upon the &C
| tivitv Of the stock market. is spending
a dull and dreary Christmas. Not
only the professional operators but
the brokers and clerks as we'll. for lack
Of anything better TO do, are signing
longingly for the good old days" OF
five and six years ago when autorno-
biles and steam yachts were the prop
er and frequent thing in the way OF
Christmas presents in the financial
district. The cause of the present
doldrum in the region where most
persons assume that money Is always
plentiful is due to various causes. The
most serious Of these Is the fact that
the public steadfastiy declines to come
back into the speculative market. This
frequency with which the govern
ment's legal club descends upon the
heads of corporations whose securities
are traded in largely upon the various
exchanges Is another influence that
sends nervous chills coursing up and
down the spinal columns OF the pro-
fessional stock trading element. A
third prospective cause OF gloom among
the bulls and bears is the probability
OF the early adoption of banking and
currency reform along the lines pro-
posed under the national reserve as
ISOLATION plan. AS this change will
give a strong preference to commercial
paper as security for bank loans. and
in fact will prohibit loans on stocks
| and bonds as collateral except under
stringent restrictions, 1t will deprive
Wall streets SPECTATORS of the use of
| the vast sums drawn from all parts
of the country upon which they now
| depend for carrying on their opera
1 tons. Altogether the mood Of the erst-
while gay stock gambler IL dismal
/ one not only because OF his present
situation, but also because he sees
small hope for its Improvement In the
| near future.
According to the newly published
| social register for 1912, the geographic
cal center OF New York society is on
Sixty third street, just east of Fifth
avenue. This point In just half block
away from plainly furnished building
in Central park in which certain per-
sons who have never done a stroke of
work in their lives disport themselves
merriIy every day on trapezes and par
allel bars. The building, however. is
not a gymnasium for the idle rich.
/ And the merry individuals do not wear
Jew elled gymnasium clothes. In fact
/ they wear no garments whatever and
perform in cages. FOR the geographic
cal center Of New York society this
wear happens curiously enough to be
very close to the monkey house in
Central park. This center has moved
exactly half a block northward In two
years. or the 1853 families I'm the
social register SO per cent live in Man
haitian. OF these 4,031 live east OF
Fifth avenue and 3,217 west. The most
congested district for the society fam
lilies is the region bounded by Fifty
fourth street and Fifty-ninth street.
Lexington and Seventh avenues, in
| which there are 1924 families. Over
500 OF New Yorks wealthy families live
abroad. or these there are s2s in Paris.
17s in London and 100 scattered in
other European cities.
One OF the New York brewers open
i ed a new stock house last week which
is one of the largest In the world. May
| or Gaynor, with Sheriff Hamburger.
Excise Commissioner McAvoy and sew
eral judges were invited to inspect the
i place and beheld hundred big steel
glass-lined tanks all filed to the brim
| with the malt beverage. The brewer
proudly informed them that the tanks
i contained over q hundred million
glasses of beer and the city officers
were greatly impressed. Sheriff Har-
burger started to figure how long the
supply would keep all the hoboes In the
i United States happy, but after time
the brewer invited him to have some.
so he gave IL up. In spite or the inn
i pressiye total OF gallons III the new
stockhouse, the metropolis Is not gath
ering any records for the consumption
OF alcoholic beverages these days. sta
tistics recently issued By the state
excise commissioner shows that the
liquor selling business has declined
steadily throughout the state for the
past fourteen years. During this per
q iod the number OF saloons in the state
has decreased from SO. 439 to 2S.149. In
1895 there was saloon to each 150
persons Of the population and BY last
year this had decreased To one for each
3z4 persons. The decrease Is attribut-
ed largely to the high license law.
That the recent Wild report to the
effect that the walters iii this city were
sick of tips and intended to abolish the
evil waa really founded On fact Instead
of ernanating from the fertile brain oi
some master of fiction, il stats ol
affairs which New Workers and difFlcuIl