The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-07-21
|BIIIII|l||||'|G||lIl
Street
'N[N GAMBLE
Heavy Speculation in Z
Company That Does
Not Exist.
Az LoRRY A. JACOBS,

By LoRRY A. JACOBS,
N. {. A. Stat Correspondent:
NEW YORK, July q. = Tn
greatest gamble Wall street hn
ever known Is now taking plac
every day in an unlisted stock In
company that doesn't even exist!
interest In 20. B." quite ofte
surpassed steel, wheat, mining 9
any other stock on Wall street !
! the number and amount Of tram
actions made. And, although, opel
atoms In the stock were at hrs
only flyers" or transactions mao
merely as q man would play
PANE Of cards or wager on . nors
Tor amusement, there are nov q
orators who deal only In Una
"stock" exclusively.
Probably q thousand persons a.
now making their living from IN
aueer came that has as its heal
quarters on the curb on wa
street a,
and follow the sport, page careful
| ~ YOU recognize the Initials, .
though you probably 90 no MOI r tec II
nv Organized Baseball. And Bah
Ruth. George Sisler, or III
sneaker can send the stock req
ius With one sweep Of their might
arms. a., =. :, oo,-s,
tha. 10. B." fluctuates with u
n r OF runs made in Orgaa
ized Baseball each day, Just as N,
steel market fluctuates with IN
number MN Of shares bought or sold
Here Hare is the way they play It:
suo,ose that you figure that, ]
the icrr games scheduled for toda!
n IN the American League, an aver
AZ =. o, six runs will be made y
, each snme. You then proceed 10 q
%. D." operator, or one Of you
friends, ana buy a certain r1mb %
n; shares at 6 cents apiece. q
course, il you are one OF the nl
bugs and not piser. you pay Y
many shares at s6 apiece. bG u
principle is the same; .,...
You are given a slip care[yn'
that You bought nom Mr.; Jote
AZ soNi many shares Of 20. B." at
| cents a share. Not a cent pa
changed hands in the TRANSACTION
SO far. ,,..,.,,,
or the sock ticker for bulletin
on the weather, the pitchers 70: u
various teams, etc. Il two team
! cannot pIay on he weather. your
/ doyzeast for that means tina: y
ayerase number Of runs made Y
each game win probably not 30 .
many as SIX runs.
Il, on the other hand, N
weather Is fair everywhere, an
A vesk pitcher Is slated Again.
| Babe Ruth, the world SENS 70 .
an extremely good place to ~
| in star as you are concerned. a5t
| Won probably call up Friend WI!
! and ask her to have lunch viii
| YOU on the Claridge Roof.
AL 8 O'Clock. when The bel
rims on Wall Street transactions
the selling and buying Of 20. B.
also stops and you await the 70
sults OF the various games.
/, Suppose. for instance, the scofa
are IS follows:
St. Louis 5. New York 2.
Philadelphia S, Cleveland 4.
Detroit &c, Boston 5.
! Chicago s, Washington 5.
| The tota! therefore Is 40 runs
or an average Of s runs. and yOI
have lost l cent for every shart
you bought.
On the other hand, suppcs'
Bambtno Ruth has been on :
rampage, Cleveland has batted TIL
Iball all over the lot, and Chicagi
! has given the Senator's a terrible
walloping as follows.
New York IA, St. Louis 5.
Cleveland 10. Philadelphia 4.
Detroit Z. Boston 5.
Chicago II, Washington 2.
Then all Is Joy With you, for tht
total is Ga and the average Is
runs.
In the event being those firs,
given, you send the operator youl
check for so many shares at
cents a share and he sends you
his for so many shares at 5 cents
q share.
In the second case, you sent
the operator your check for &C
many shares at s cents shart
and he sends you his for 80 man!
shares at s cents o shore, YOU
profit being Q cents on each share
You will, Of course, notice thai
It Is greatly to your advantage tt
buy as low as possible. and you do
but 0. B. is never sold at less thar
S cents, and you're husky II you get
1t aslow as s cents.
The possibilities and chances
are Of course. great, but In many
ways not greater, although more
exciting than regular stock trans,
actions.