The Republican journal. [volume] (Belfast, Me.) 1829-current, 1914-02-12


q loss and now it il seventy eight. Curss
! the luck! once bought Tombstone sll
yer. but it proved to be Q grave fol
FOOLS" growled morose man in one Of
the chairs.
"What goes up must come down. a
pendulum swings both ways, remarked
Moody. a rather cool operator.
"Sell the market for ten point drop,
called Clark.
"WouId you buy or SELF" asked cal.
low youth Of Over. an active trader fol
many customers.
wheat is going up and stocks are
going down-the usual way. When
wheat goes down, stocks will rise again:
Watch and catch the turn If you can.
cannot tell when it will come.
1.-The market goes down when l buy
and up when sell. Ibreak or boom the
market on ten shares.
s'That's true. 1t is because you dc
not take my advice. You buy on bulge
and sell on decline. You become en-
thusiastic over sunshine, or you get
scared at a shadow. You should not
hurry to trade. 1t is good to be out OF
the market occasionally in order to OBJ
serve movements unbiased. The market
ia always with US. Do not be in rush
to get in or out, except-well, that's an
other story"
Men were coming and going constant
Nv. Middle-aged and old men, having
large commitments, spent few min
ute over the dispatches, looked over the
board prices and observed the trend OF
the market. Some wrote or gave an or
der or two and departed; others fingered
and discussed the weather, crops and
dividend prospects. ,.
s'Mr. Dean, would like little more
margin. Your account shows only SIX
points now," said Nelson, the margin
clerk, quietly to shabby. genteel trader.
"All right, how much?"
"Four hundred will do at present:
'I'n give you a check. No, sell one
hundred Rio Grande preferred.
Thus a good stock was sold to protect
shaky coppers that ultimately ruined
him.
Every we'll; put up or sell out. 1t is
all the same to US.
Ocean went over in the corner, light
ed a cigar and cursed to himself. 1t
makes many man indignant and sore to
put up more margin when losses are pill
ing up against his account.
Digman, the cotton man, whose coat
was white with chalky quotations, part
w caught from the board and partly writ
ten by the waggish crowd in his corner,
greeted a Mr.. Peck, bad for bulls in
cotton today, sir. Charleston delivery
yesterday was twenty thousand bales.
.Indeed! Buy me five hundred bales
of March"
BUY, sir? Are you crazy? Look how
it has gone all the morning, down, down.
down!'
Peck showed Digman private tele.
gram from Texas which read, lizard
frost last night in Texas.
Digman smiled, sent the order, and his
customer departed. Cotton rose forty
points during the afternoon after the
sleepy traders had awakened.
Wendell got bunch of tips and read:
1.-The market is reactionary this morn
ing, but we think we detect accumula-
ton and advise buying on recessions:
Landoff.
"Buy Shelters for turn. Important
movement is impending, which will cul-
inmate shortly. Lamson.'
..We think Mo. Pac., Kansas & Texas,
Anal. and Steel good for long pull.
Crews & Co.
"The bears are making raid and we
should not be surprised to see further
break in prices. Richard & Co."
''Traders on the floor are buying wheat
and cotton and selling railroads and in
dustrials. We think the latter stocks
will 90 lower. Muller & Co."
"SeIl coppers: the market is down
three shillings in London.
VIA Braun & Co."
"Sell Hot Springs Consolidated.
H. Rheum.'
.sThe latest from recently deceased
Spectator: Buy Ice sagendorf. !"
"Ah! weather is warm in Arkansas
and Hades," remarked Wendell.
One can find little comfort in these ad-
vices and may go wrong whichever side
he favors. The novice should let the
market alone until its trend is establish
ed, but he will not. An irregular mar
ket sometimes puzzles the wlsest OF men.
Wendell lighted a cigarette and seated
himself in a chair next to MIR. Low, a re-
tired merchant, who amused himself by
careful speculation, and said, This is a
rather peculiar market Mr.. Low
Eyes; some one is going to get hurt
before long," muttered Low.
"Stocks are on the toboggan this morn
ing. Is the trend downward, sir?''
Clocks SO" dryly, with puff of smoke
from his cigar.
"a little healthy reaction. had an
influence from Spirit-land. Ever ex-
perienced one?" said a listener in the
next seat. He was middle-aged,
wrinkled-faced man, with watery eyes
and equity tendency.
Rubbish! l had an aunt, who con-
suited her husbands spirit about invest
ments, through long-haired professor
and a slate, and lost forty thousand, -
sneered Cutnet, winking at Low and
Wendell, and tapping his brow careless
ly with his forefnger.
"What do you think of this move:
ment?" asked Wendell of Cutnet.
at is difficult to think in this racket:
Steel, Saint Paul, New York Central and
Union Pacific look promising"
ITO buy or to sell?'
II do not know. Toss penny ano
trust to luck"
IAN right. Heads, buy; tails, l sell
here goes, and it is tail. 1t means keel
out, as never short the market.
"He who sells what isn't his'n.
Must pay up or go to prism.
Low chuckled good and re-
marked, "You have a wise head fol
young shoulders. This is good market
to let alone" He lighted another cigar
for he was an .inveterate smoker, ant
continued TO blow rings with the utmos
complacency although thousands of dol
lars loss threatened him by the change
-, Al