Lights and Shadows of New York Life: or, the Sights and Sensations of the Great CityMcCabe, James Dabney
History
Lights and Shadows of New York Life: or, the Sights and Sensations of the Great City
McCabe, James Dabney
New York (N.Y.) -- Description and travel; New York (N.Y.) -- Social life and customs -- 19th century
"_First Voice_. 'Sold,--five hundred.'
"The presiding officer repeats the sale and terms, the secretary makes
his registry, and a new bond is started.
"Sometimes when 5.20s are called, there is at first only one voice which
rings the changes on 'I'll give 115. I'll give '15 for a thousand,--'15
for a thousand.' Presently, however, before any response follows the
offer, a member in a distant corner, either carelessly or maliciously,
shouts out, 'I'll give '14 for a thousand,--'14 for a thousand.'
"The Vice-President plies his hammer: 'Fine Irving--fine Irving fifty
cents.' The Roll keeper proceeds to make his little note of it, and
Irving, who has violated the rule, founded on common sense, which forbids
a member from making a bid below or an offer above the one which has the
floor immediately subsides amid the laughter of his neighbors.
"Occasionally an interruption of a grosser character occurs, a member
leaping from his seat on some slight provocation, and striking off the
hat of the man who has offended. Fine Harrison, fine Harrison again,
_fine_, FINE him again,--FINE Harrison,' cries the Vice-President,
repeating the word without cessation until the broker's wrath has been
appeased, and he returns to his chair with the disagreeable reflection
that a heavy score is against him for the semi-annual settlement-day.
Every repetition of that fatal monosyllable was a fresh mark of fifty
cents or a dollar against his name. Generally, however, the Government
brokers are more orderly than their neighbors in the Regular Board.
Indeed, the whole proceedings are more decorous and respectful, the
bidding, half the time, being carried on in a low conversational tone.
At second call there is a brief excitement, but when 'things are dull'
throughout the street, this room peculiarly reflects the external
influences.
"Very different it is, however, on days when some special cause provokes
great fluctuations. Then the members spring from their seats, arms,
hands, excitable faces, rapid vociferations, all come in play, and the
element of pantomime performs its part in assisting the human voice as
naturally as among the Italians of Syracuse. To the uninitiated the
biddings here are as unintelligible as elsewhere, sounding to ordinary
ears like the gibberish of Victor Hugo's Compachinos. But the
comparative quietude of this Board renders it easier to follow the course
of the market, to detect the shades of difference in the running offers,
and generally to get a clearer conception of this part of the machinery
of stock brokerage."
Public-domain text, read in full here on John Shaqi.
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