Press enter after choosing selection

He Knew "when To Stop.

He Knew "when To Stop. image
Parent Issue
Day
12
Month
March
Year
1886
Copyright
Public Domain
OCR Text

"Talking about lucky deals tn stocks," said i broker tlio otherday," I know of a case which beats anything in tlie shooting line I ever lieard of. Last Juno a young clevk on La Sallo street got a tip on St. Paul. It was about the time Annourwent into that stock, iind the way the clerk got it the stuff was sure to go up steadily to the century mark. He had $100 in bank and he drew it out and put it into St. Paul through a bucket shop. He bought L50 shares, which gavehim a two-dollar margin. He paid 56. Sure enoogb, the quotations besan to creep up, and when they reached CO, a few weeks later, he was $250 ahead. He drew out his profits, returned his $100 to the bank so that he couldn't i loso anything, and immediately ! bought 125 shares wlfch his $250. It ; wasn't Ion uutil the pricetouchedTO, : when he sold out again and again ' vested his prolits. He repeated this at 75, at 80, at 85, at 90, and again at 95, the quotations gradually creepins: up to that liuniv, and never sasging Back enough to wipe out the margin. That was early last November, about four months from the time he Started in with $100 capital. And how much moncy do yon suppose he had then? Ifive thousandr Guess again. Seven? More, Sir. He had more than $20,000, and then he got scared, drew out entirely, and in vested his -whole pile in real estáte. And it was well he did." ín Ohio tl-ere are 761,223 horsea, I 24,302 mules, 530,439 miloh cows; other hoimil calf!i'. i , ■_'."! ,i;91;sl)eep, 5,421,lü2; hogs, 1 .'JL'3,903.

Article

Subjects
Old News
Ann Arbor Democrat