New Britain herald., 1927-04-29
SUPERS7|T|ONS OF
 SOME SPECULATORS
Wall Street Dealers Have
 FreakiSh Ideas

New York, April % Pi-Wall street has set Of superstitiOns all its own Perhaps no one trader believes in all of them or any great number of them. but well known spectators have their pet ones.
 One of the biggest spectators iu Ine street, for instance. will not, If he can help it, part with 8 cent of money before the Stock E,X- change opens in the morning He will refuse a loan 10 his best friend. In the back Of his head exists the idea that II IS bad luck 10 begin the day with an outGo Of money. His activities in the stock market for that day are liable to rcsul. in a loss. He likes nothing better rhan to find in his mornings mail & check for income from an invest ment or for the payment of 6 loan. That IS a harhinger of profits for the day. And yet this man is hard headed trader.
 There are other traders who like 10 start each week with little jrade in their pet stock, usually q stock in which at some time in the past they have made Killing" A profit. no matter how small, in his first transaction is regarded as a promising indication Of what the week has in store. A loss, no mat for how small. is a warning to watch their step
 As everywhere else in this coun- try there are people in Wall Street who avoid S2 bills as they would a man with contagious disease. There are also those who avoid S5o bills.
 In commission houses that deal m commodities as well as stocks. can be found customers who do not like 10 see tape from more than one kind of ticker run into the same basket.
 Wall Street remembers anhiver- saries, particularly Of disasters. A year ago this March the market rroke badly. On the morning Of March l 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"
 The market started out as though ii were going to duplicate the per furmance, only to face about a few days later and advance vigorously 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 siitious in some peculiar way than the average customer in commits sion house. But the latter after a few months, in Wall Street dur jng'a bull market, begins to talk, humorously at first about changing the tape on the ticker from a bear tape to q bull tape. More than one roll of tape has been half wasted by the insistence cf some customer that a 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 a customers room without the man who quotes them stopping 10 think that they are largely superstitinus.
 Don't sell short when the sap runs up the trees" is one saying.
 Tuesday is always reaction day in bull market" is another.
 Seven is considered q lucky num- Der In Wall Street. One active trader. who is president of a large indua rial organization, has a predileCtion for the number 7T. He has a standing order with the GUS toners man of one house 10 buy for him any stock he sees selling at that exact figure. He says he