The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-04-28
One Broker Will Not Part
With a Cent Of Money BE.
fore the Exchange Opens
in the MOrning-$2 and $50
Bills Avoided - Anniver-
saries Remembered

/ New York, April 2s.tP Wall
! Street has a set of superstitions all
! its own. Perhaps no one trader be-
licves in all Of them or any great
number of them, but well known
spectators have their pet ones.
One Of the biggest spectators in
the street. for instance. will not, If
he can help it. part with cent Of
money before the Stock Exchange
opens in the morning. He will re-
fuse "A loan to his best friend. In
the back of his head exists the idea
that it is bad luck to begin the day
with an outgo Of money. His activi-
tics in the stock market for that day
are liable to result in a loss. He
likes nothing better than to find in
his mornings mail Il check for in
come from an investment or for the
payment Of loan. That is Il har-
binger Of profits for the day. And
yet this man is hard headed trader.
There are other traders who like
to start each week with little
trade in their pet stock, usually Il
stock in which at some time in the
past they have made a "kIlllnE.
a profit, no matter how small, in
this first transaction is regarded as
a promising indication of what the
week has in store A loss, no mat
ter how small. is warning to
watch their step.
Avoid 50 Bills
As everywhere else in this coun-
who avoid 81 bills rs they would a
There are also those who avoid $50
bills.
In commission houses that deal
in comm ODDITIES as we'll as stocks,
can be found customers who do not
like TO see tape from more than one
kind Of ticker run into the same
basket
Wall Street remembers anniver-
saries, particularly of disasters. A
year ago this March the market
broke badly. On the morning of
March this year one of the topics
of conversation in customers rooms
was the break Of a year ago.
Better steer pretty close to
shore Remember what happened
last year
Faces About Later
The market started out as
though II were going to duplicate
the performance, only to face about
4 few days later and advance vlgor-
ousiy to new highs in many stocks.
The big spectators, men who
have been in the street for many
years, are more likely to be super
stitious in some peculiar way than
the average customer in Il commits
sion house. But. the latter, after
Il few months in Wall Street dur
ing bull market. begins to talk,
dangerously at first, about changing
the tape on the ticker from a bear
tape to bull tape. More than one
roll of tape has been half wasted
by the insistence of some customer
that change be made when the
tape in use would have lasted for
some time to come.
Sayings that have been current
for years IN the street are quoted
wisely. in many Il customers room
without the man who quotes them
stopping to think that they are
largely superstitious.
Don't sell short when the sap
runs up the trees" is one saying.
Tuesday is always reaction day
in Il bull market is another.
Seven Is Lucky Number
! Seven is considered a lucky num-
Der in Wall Street. One active
trader, who is vice. president of Il
large industrial organization, has a
prediction for the number r. He
has standing order with the Gus
toners man Of one house to buy
! for him any stock he sees selling at
! that exact figure. He says he has
never known it to fail that when he
docs that he makes profit out Of
! the transaction.