File:Wall Street guide - (1902) (14804308853).jpg

Identifier: wallstreetguide00jlmc (find matches)
Title: Wall Street guide /
Year: 1902 (1900s)
Authors: J.L. McLean & Co.
Subjects: Stock exchanges
Publisher: New York: J.L. McLean
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
margintrading, and judgment must be used so as not toover-trade in proportion to your margin, but thereis probably no field of operations wherein capital andbrains are applied to greater advantage than in WallStreet. Closely watched, the stock market offers anunlimited field for successful trading almost everyday. You will find many opportunities for pur-chasing good, standard, dividend-paying stocks atlow prices that are sure to advance in the marketmany points within a very short time thereafter.Then, again, you will see chances to sell stocks shortat high prices, that can be bought in many pointslower later on. (See chapter on Short Selling.) We have given elsewhere in this volume a briefoutline of the careers of a few modern successfulfinanciers whose fortunes were made in Wall Street.Jay Gould early in life invented a mouse trap, andafterwards became a book canvasser and surveyor. Jim Fisk peddled goods throughout the Newr Eng-land States, while Russell Sage clerked in a country
Text Appearing After Image:
WALL STREET GUIDE. 11 village store. P. D. Armour, when a young man, drovea butchers wagon in Chicago, and Commodore Van-derbilt, founder of the Vanderbilt fortune, was aboatman. Andrew Carnegie came to America andstarted as a messenger boy, while Daniel Drew madehis first profitable speculation by driving a herd ofcattle over the Alleghenies to the Eastern markets;and even our modern Jim Keene is said to havepeddled milk among the miners in California in hisearly days. The founder of the Rothschild familygot his start by getting advance news regarding theresult of the battle of Waterloo. On this occasionRothschild is said to have netted several million dol-lars by buying English consols in London as lowas 58%. A day later news arrived of the decisivevictory, and consols advanced with a bound. True,it is impossible for all of us to be Vanderbilts orRothschilds, but in order to be successful in specula-tion it is only necessary to be in close touch withthe market, and to now and then g

Note About Images