Show stocks in the present time of stock excitement cit ement when thedois there thero is most temptation to investment and the skies are brightest with promise 41 it behooves the innocent outsider to resist the seductive wiles of the winsome sharps on california street and accept our good advice to the effect that when everybody else is going in Is about the best opportunity port unity which could be chosen to keep ce pout out 11 to those unaccustomed to the shoals and reefs in the treacherous current of stock speculation we wish to say beware look not simply at the delusive quotations but at the actual worth of of seem most j rapidly increasing in public favor and demand in one it will lie be found that the richest lead ever struck has been assess ments and in another lawsuits this is purely mythical that is subject to claims which will pro yent its evor ever yielding a dividend to its stockholders however many rich dividends ane manipulators of its fortunes may reap from the stockholders even in the best of the second ec ond class elass mines or those lower still in which movement is most active but which are arc not nok actually worthless what is any outsider permitted to 10 know of the dark mysteries of their lahage management it costs to put a stock before the public on the big board nothing on the little board launched ia in elthe eithe a net spread for the unwary in one ono board its meshes are fine fino enough to catch the small smail fr fry yIn in the other they are strong enough to hold the big fish r dollars in one case me bits in the other mark the due proportion of the adaptation of the game to the resources of those playing against it lt in either the grand result is that embodied in the old saying of the dicer the ithe more you put down the less you take up As an illustration of one way in which the outside gudgeon gud geonis is captured by the professional stock gamblers let us follow the progress of one suppositious and very probable case sharp batem bitem heavy stock opera operators tors toys decide to throw a new stock upon the market it is not without foundation for it represents an actual claim to a mine once made under the name of the flaming tokay 11 the courts having decided that the ledge of the flaming tokay belonged ion lon to the sequestrated rated podunk du ge k or the cro gro 0 O for a lodge todge or some other mine f fc B have been able to buy up lit the fl flaming tokay claim ar fon for a song which is about adequate compensation for a myth it is worth nothing as a mine but is abill till good enough morgan for stock operations they hold it a little while until the memory of its legal disaster has died out thon then put it forth under the imposing name of the cordilleran cordilleras Cordi lleras at a bedrock price of say sa 3 25 per share the cordilleras cordilleran Cordi lleras lieras shares number probably of which are arc heid held by sharp Ss bitem batem and are to be used for pur poses of speculation two or three thousand of these are put in the hands of brokers A B and C to sell i and brokers D E and an d F have their instructions to buy at an advance day after day the dealers and cappers of the little game are adroit adroitly y changed the innocent public sees nothing of these manipulations is able only to recognize the fact azat that the quotations of cordilleras cordilleran Cordi lleras lieras 1 have gone up from 3 25 to 4 possibly S sibly as high as 10 and seduced by ey this delusive promise promise rush in to td make fortunes on cordilleras cordilleran Cordi lleras now sharp bitem altein cautiously begin to unload a hundred shares liere a thousand there and ten over yonder very quickly all they have to sell are disposed 0 of f then cordilleras cordilleran Cordi lleras stands still re recedes c edes holds and wavers again reports come from the superintendent of the mine who hns has a happy faculty of adapting himself to circumstances as readily as irhe if he were actually ho further away than montgomery street which are less satisfactory than before an assessment of or 5 per share is ordered tumbles few who buy stock of this character do so with any purpose of holding for prospective ettive dividends upon it they are ate purely speculative hence the assessments are unpaid and the stock forfeited comes back to the deft lands lauds hands of sharp sharp eliem A I 1 little later th the veracious superintendent will report grand developments and with beautiful sympathy for the wants of a public supposed to yearn for if it cordilleras cordilleran Cordi lleras stock will simultaneously begin to float out on the market again from the hands of brokers A B and C and the former game will be played over once more possibly with some new variations but maintaining the same generally happy result so far as sharp bitem batem are concerned this is one of the ways in which the unsuspecting and impressionable are victimized in these operations the same principle runs through all the tricks and the ni anners manners of the stock manipulators when cordilleras cordilleran Cordi lleras fades from sight fora time sequestrated rated podunk or some other will take its place if times are good and the market flourishing the game may be played with blue chips 33 as a gambler would say the very high priced stocks being the favorites but hut when there is a wave alte white chips of more modest denominations e claim attention the he changes too are constant cordil lerash leras only a white chip today to day maybe may be a blue a monh month hence and und vice versa after careful study of this pecullar peculiar class of business few if any of our readers except the tile erti 1125 stock tock sharps sharp sl that wo we are not right in warning them to beware S F Chro chronicle hicle |