New Britain herald., 1928-06-04
Every Class of American
Life Represented in Lists
of Those Who "Play the
Big Board in Hopes of
Making Money Quickly.


New York, June 4 R,-Thc stock
market. once the preserve of biz
business, has become the speculative
playground of the world.
Actors and automobile statesmen.
bankers and bootblacks, college pro-
fessors and clerks. doctors and door
men. society matrons and stenogra-
phers-rlch and poor everywhere
have put their surplus funds or say
lngs INTO securities and created the
greatest stock market in The his,or
of Wall street
Each business day the eyes of
tens OF thousands of persons are TO-
cused on 1900 stock exchange Tick
ers, located in 157 cities of the
United States and Canada, as they
grind out the rapidly changing tla1c-
tuations OF hundreds of stocks wit h
'helr message Of hope or despair
thousands of other persons center
the1r attention on the l.2oO tickers
OF the New York Curb market, scat
tered among % cities east of the
Mississippi and in eastern Canada
and on those of the Chicago, Boston,
Philadelphia. San Francisco and 9TH
er large exchanges
Stock market gossip has become a
common subject of conversation over
countless dinner and bridge tables.
on passenger steamships, in Pull
mans and in numerous other places,
IN many Of which stocks or bonds
we're seldom mentioned before the
present big bun market broke its
way into thu front pages OF the
newspa pers, Financial pages of
neWSna pcrs. skinned over and sell
dom read by many readers years
ago. are now a suhi.c, of absorbing
interest to millions of persons.
In New York. hundreds of shop
girls aud young mon in the low sal
arlcd class are to he seen running
over the stock tables in the subWays
and on commuters trains almost as
mtcnlly as bankers, brokers and
Other men of affairs. Some of them
turn to financial pages lust to sec
what the boss stocks are doing
while others frankly confess that
they have taken flyers in the mar
kct and curiously, a!rplane issues
are among the most popular of tho
flyer stocks.
Several OF the large commission
houses have openly attempted to dis
courage speculation on the part of
persons of small means by demand
ing full payment in cash on small
t1y, 81
credit balance of 1000 with % to
so per cent margin on securities
purchased. These demands have
been readily met, and the fact that
IA mutual savings banks in New
York showed Il net loss OF Sl5,-
aG2,o12 in deposits during April has
been construed in some quarters as
an indication that such deposits
have been used for the purchase OF
securities
Women. Who We're rarely seen in
brokerage offices years ago, are now
q big factor in the market In New
York city. one large firm has de-
voted an uptown office exclusively to
their use and others have SET aside
special rooms for them. Scores of
women pay daily visits 10 these
offices and play the market like SEA-
:oned male veterans. Brokers re-
port that women are more inclined
to play lunches than mon, but that
they also possess greater staying
qualities in stocks which they have
reason to believe contain special
merit.
While spcculations has been a
primary factor in bringing about the |
recent series of 3 900 0Uh and i000-
GOO share markets. and the increase !
In brokers' loans from s3,13S,1S6,-
"1o at tn" end Of January 1927, to !,
nearly s.. 600 100000 at the end of |
last month. there has also been an |