New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
All about Sally were hundreds of men who looked as if they took their
thoughts home with them and dined with them and slept with them and
dreamed of them—the look had become settled, immutable. And it was not a
pleasant look, about the eyes and lips. He saw everywhere the
feverishness of the “game.” Insensibly the atmosphere of the place
affected him, colored his thoughts, induced certain fancies. As he
became more familiar with the technique of the business he grew to
believe, like thousands of youthful or superficial observers, that
stock-market movements were comparable only to the gyrations of the
little ivory ball about the roulette-wheel. The innumerable tricks of
the trade, the uses of inside misinformation, the _rationale_ of
stock-market manipulation, were a sealed book to him. He heard only that
his eighteen-year-old neighbor made $60 buying twenty shares of Blue
Belt Line on Thursday and selling them on Saturday, 3⅜ points higher; or
that Micky Welch, Stuart & Stern’s telephone-boy, had a “tip” from one
of the big room traders which he bravely “played”—as you “play” horse or
“play” the red or the black—and cleared $125 in less than a week; or
that Watson, a “two-dollar” broker, made a “nice turn” selling Southern
Shore. Or else he heard, punctuated with poignant oaths, how Charlie
Miller, one of the New Street door-keepers, lost $230 buying
Pennsylvania Central, after he accidentally overheard Archie Chase, who
was “Sam” Sharpe’s principal broker, tell a friend that the “Old Man”
said “Pa. Cent.” was due for a ten-point rise; instead of which there
had been a seven-point decline. Always the boy heard about the
apparently irresponsible “bulges” and “drops,” of the winnings of the
men who happened to guess correctly, or of the losses of those who had
failed to “call the turn.” Even the vernacular of the place savored of
the technicalities of a gambling-house.
As time wore on the glamour of the game wore off; likewise his scruples.
His employers and their customers—all gentlemanly, agreeable
people—speculated every day, and nobody found fault with them. It was
not a sin; it was a regular business. And so, whenever there was a “good
thing,” he “chipped in” one dollar to a telephone-boys’ “pool” that
later operated in a New Street bucket shop to the extent of ten shares.
His means were small, his salary being only $8 a week; and very often he
thought that if he only had a little more money he would speculate on a
larger scale and profit proportionately. If each time he had bought one
share he had held twenty instead, he figured that he would have made no
less than $400 in three months.
Public-domain text, read in full here on John Shaqi.
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