The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-12-13
WEST AND SOUTH
ARE SPECULAT|NG
Part of This Big Boom on the
New York Stock Exchange,
Comes From Outside
Business.
POURING IN MONEY
Mad Scramble Of People to Make
More Money After Becoming
Rich on Good
Crops.
fBy Lowell Mellett. United Press Staf
(,orresn0pdanf I

fBy Lowell Mellett. United Press Staff
Correspondent
NEW YORK, Dec. 13.-So anxious
are the west and the south to dump
their money into the New York stock
market, the Western Union and the
American Telegraph and Telephone
Co.. cannot provide enough wires to
accommodate them. Hundreds of sales
it was learned today 60 by the boards
simply because the wires cannot, carry
the offers.
Yesterday when Germany's peace
proposals caused the greatest dumping
of stocks into the exchange since the
silent panic of 1907, the selling or.
ders of these western and southern
traders did not reach the floor of the
exchange until late afternoon. These
out of town SPECTATORS, who generally
buy-play the market long-lost in the
shake down yesterday: while a large
bulk of the professional traders Of
Wall street district had sold short and
took profits on the decline.
So furious Is the trading on the stock
exchange that the tickers supposed to
keep every brokers' and bankers Of
flee in even touch with quotations.
sometimes are eighteen minutes be-
hind the market. Even in the cotton
and grain exchanges, business has be-
come too fast for the telegraph wires
and the tickers frequently lag five or
ten minutes behind.
In the open windows Of the curb
brokerage houses, one today could see
girls making the wild, mystic signals
to the traders on the pavement, that
never before were made by feminine
fingers. The supply of brokerage en-
ployes has run short Of the demand.
And lambs are so plentiful that a
bright young man who started a mag
azine for their special treatment four
months ago is a full blown publisher
today with big circulation and adver-
tising.
The south and the west" answered
r. II. Halsey, chairman of the finance
committee of the stock exchange when
asked today for an explanation Of the
six two million share days and the
twentyone one million share days on
the curb the past month.
"The people of the west are trading
in New York stocks in a way none Of
us ever saw before. They have money
as the result of the big prices for crops
and they are making more of it here,
many of them. The good cotton prices
likewise have put the people Of the
south into the market. They are new
Comers. Southern business on the ex-
change in past years has amounted to
practically nothing. Now it amounts
to Millions
William C. VanAntwerp, governor Of
the stock exchange agreed, explaining
that the people in remote sections are
trading by wire in the stocks of con-
Germs they know. Utah copper, Texas
oil and Montana power stocks, he said
bring orders from their respective
states in large numbers.
But the influence Of the foreign
business is more significant to my
mind" he said. South Americans are
coming into this market as the result
of conditions in London and Paris that
have shut them out of their usual mar
ket. The volume of business from
down there is becoming very big.
From Europe the cables are carry
ing an enormous business to New York
The increase in our listings, has been