The Cairo bulletin., 1911-12-25
WALL Street TO
Spend DREARY.
CHRISTMAS
Professional Operators And Brokers
Sigh For Days OF Years
Ago
RAILROAD 0FFlCIALSSURPRISED
Receive Much Less For Carrying
Mails Than Other Kinds
| Of Transportation
RAILROAD 0FFlCIALSSURPRISE

| New York, Dec. 24,-Wall Street,
or at least that portion OF Wall
Street that depends for its prosperity
upon the activity Of the stock mar
ket, is spending dull and dreary
| Christmas. Not only the professiLa
operators but the brokers and clerhs
| rs we'll for lack of anything better
| o do. are signing longingly for the
good old days" OF five or six years
ago when automobiles and steam
| yachts We're the proper thing in the
way OF Christmas presents in the e.
| naneisl district Tho Gauss Of the
present doldrum in the region where
nose persons assume that money is
always plentiful is due to various
causes. The most serious of these Isl
| the fact that tIic pubic steadfastly
declines to come back into the spec
ulative market The frequency with
which the governments legal club
descend5 apon the heads of corpo-
rations whose securities are traded
in largely upon the various eA'
changes is another influence that
sends nervous chills coursing up ard
down the spinal columns of the pro,
| fossional stock trading clement 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 proposed under the nationel
reserve association plan. AS this
change will give strong preference
| to commercial paper as security for
bank loans, and in fact will prohibit
loans on stocks and bonds as col.
lateral except upper stringent re.
strictions, it will deprive Wall
Streets spectators of the use Of the
vast sums draws from all parts of the
country upon which they now de.
pend for carrying on their operations
] Altogether the mood of the erstwiie
gay stock gambler is dismal one
| not only because of his present stu
alton, but also because he sees small
hope for its improvement in the near
future.
| According to the newly published
Social Register for 1912, the geo
graphical center of New York So
ciety is on Sixty-third street, JUS
east Of Fifth Avenue. This point is
just half block away from plainly
furnished building in Central Pa7k
in which certain persons who never
did a stroke of work in their lives
disport themselves merrily every day
Ion trapeze and parallel bars. The
building, however, Is not gymna-
SUM for the ilde rich And the
merry individuals do not wear jewell
ed gymnasium clothes. In fact they
wear no garments whatever and per-
form in cages. For the geographical
center of New York society this year
happens curiously enough TO be verj
close to the Monkey Touse IN Central
Park, This center has moved eX-
actly half block northwestword In
two years. OF the 11,519 families
in the Social Registes 63 per cent
live in Manhattan. OF these 4.031
live east of Fifth Avenue and 3,21T
west The most congested district
for the society families is the region
bounded by Fifty-fourth street and
ITifty-ninth streets. Lexington and
Seventh avenues, in which there are
1924 families. Over 600 of New
Yorks wealthy families live abroad.
Iof these there are 32s in Paris. 173
| in London and 100 scattered in othe:
European cities.
That local railroad officials are
considerably surprised over the Ii
Illustration which they have just re-
ceiyed that Is in the hands of experts
statisticians figures may develops
surprising elasticity is putting the
} matter mildly. The illustration Il
} furnished by the report of the Post
D master General giving the results
D OF the inquiry into the operation re-
D ceipts and expenditures Of railroad
5 companies for transporting the mall
8 and recommending legislation on til
0 subject Figures carefully prepares
D by railway statisticans from exactl
B the same information that was SUP
0 Iplied to the department showed tina
0 the railroads receive nearly 100000
0 900 less per annum for space used 1
!. mail service in comparison with th
/. revenue received from other spac
il used on passenger trains. The Pos
il office Department. on the otis
hand through alteration of thp vt,