Year: 1872




"COrncr" Yet Unbroken-scencs~a and
Gossip In the Hive or stock Gamblers.
The corner in Northwest continued again yester-
day on the part OF the victorious leaders OF the
movement with undated cruelty. or course, for
the present, speculation I'm the stock has been
completely suspended. and, therefore, the quota
tions on the tape. while they were not very numcr-
GUS, represented an unbrokon and melancholy
array Of losses. AS on Saturday the unfortunate
victims of the corner amused themselves In the
pleasant duty OF 'making settlement" 1t
was really very good fun watching the long string
of operators or agents Of operators who stood In
line at Osborn & Chapins 01lce in Broad street,
waiting for chance to step into the private onice
and close out "that little account" Most Of them
were


THE SMALLER FRY


of the market, who had been caught on small
"nyers" of q hundred to five hundred shares
They had gone In. perhaps for the sake OF ''short
turn,n selling on the chance of making one or two
per cent profit And now they were very much
in the position OF some antcdiluvans who had been
engaged in draining their back gardens when they
were overtaken by the great flood. The profits OF
the lucky bulls who have engineered the corner
must have been enormous Twelve thousand dol
lars or thereabouts will have to be paid on every
hundred shares Of the ovetsold stock. An


AMOUNT LIKE THAT


on even small lot IS enough to make man grind
his teeth with rage and dcspalr. But the leaders
OF the corner behaved through yesterday with a
moderation and orbearance that would have been
highly audabe If 1t had only been actuated by an
unselnsh motive. Once they let the stock drop
down to as low as 1870. This was at the second
board the price sinking steadily from somewhere
in the sixties Until Northwest was called the
hrokn knra uarau an ho hutf Tho
Vice President enforced the attention Of the Board
By half dozen or so OF stout raps with his gavel,
and there was at once


A BIG RUSH
to the table In the front OF the desk. Every man
in the room joined this mob OF frantic creatures.
and the hall resounded with shouts that would
have appalled, the hearts OF even the uweller3 at
Bloomingdale. The stock seemed to travel
steadily down, so far az an outsider could detect,
ana at each ten per cent milestone on It's descend


YELL OF GTEEFuL


satisfaction Most OF the men present would have
been delighted to see 1T sink utterly out or exist
cnce, and II 1t could further have become minus
quantity, which, alas Is only possible OF agebraic
charities, they would have cheerfully surrendered
year of their life, or one Of their index fingers.
Revenge at any price was, indeed the


POPULAR SENTIMENT


OF the hour, and when at last the bidding closed at
$50 hopes were INDUCED in that by some circunl-
corner had collapsed. These expectations were,
however, doomed to disappointment, and later in
the day, Wen, TO meet the necessities OF SETTLING
up" heavy blocks OF the stock had to be sold out
under the rule, jay Gould and his partners, who
ever they are, vndicated anew their power and
struck terror into the souls of their foes by push
ing up the quotations to the old, melancholy, ruin
Gus figure OF 200.


RumOrs were rife during the day. and perhaps
the most amusing was one to the effect that new
issue OF 440, 900 shares was to be made. This
canard OF the purest and most unmtigated de-
scrption. It's foundation was simply that gentle
man who held some convertible bonds had the right
to claim on them about two thousand shares OF
common stock; THIS was at the best but


DROP IN TIE BUCKET, - +7~ss
and even this was subsequently announced to be
without foundation. While 1t lasted, however, 1t
again served to demonstrate the bitter feeling that
is consuming the entrails of the vanquished vic
tins OF the engineers OF the corner. Every one
who heard tho story was wild with ecstaic exulta-
tion and rubbed his hands with glee at the pros
pect. And correspondingly long were the faces
and rueiul aud proiane the monosy Liable cjacua-
tions when this thirst Tor revenge was disap-
pointed.


THE EXCITEMENT,


however, was plainly less than on Saturday. Most
OF the smaller victims have parted with the pound
Of flesh claimed from them and only few OF the
bigger operators remain to swell the Golfers OF the
victims. When these will settle up Is as Y ct un-
decided, and perhaps they Will find 1t impossible to
do So The interest of the operators who were not
entangled In the matter, however, Is already
played ont, and this hugest of corners-for In
edy that Wall street has ever known-wil fail to
be q full-nedged nine days. wonder. BY the way,
that proverb had better for the future be some
what curtailed; 1t did very well for the days before
the deluge, but in of the locomotive and the
telegraph wire 1t is not very forcible expression.