The independent. (Lincoln, Neb.) 1902-1907, January 01, 1903, Page 16, Image 16
16 THE NEBRASKA INDEPENDENT JANUARY t 190 1 51 7 r SAiiLE6 & SEARLES, SPECIALISTS IN Nervous, Chronic & Private Diseases of MEN & WOMEN. WE CURE A1 1 MFIM tsr" . lijl-mji-j AND NO PAY UNLESS CURED. W gnarnntcfl to cure, all curable cases -of tlio Nose.ThroBt, Ch-i. Stomach, Ltver, Blood, 8k iu and Kidney Diseases, Lost Manhood, Night Emission, Hydrocele, Varicocele, (Jon orrliea.Uleet, Pile. Fistula and hectal Uleers. Diabetes ami Hripht's Diceaso. $ I OO.OO I 'or a case of ('ATA KKH, KH fclJM AT Ml, mS I'KI'MlAor HYI'HILIM we nuot cura, if curable. HOME TRUAl'NENT 1Y MAIL. Examination and consultation free. Call, or Drs. Searfes & Searles aiVJ?k. LINCOLN, NEBRASKA. WHAT OF 1903 THE YEAR JUST PAST HAS BEEN REMARKABLY PROSPEROUS LW ALL PARTS OF THE , AMERICAN UNION. TO THE BANKERS RESERVE LIFE It Has Been a Record Breaker and ; -This Aggressive Home Life In- ' surance Company Gleefully . Greets 1903. , "What of 1903?" repeated B. H. Rob ison, president of Nebraska's own and only Bankers Reserve Life Associa tion, in response to the reporter's query. "In 1903 the Bankers Reserve Life will step into the class of $10,000,000 life companies.. "In 1903 the Bankers Reserve Life will write not less than $5,000,000 of new business. "In 1903 the Bankers Reserve Life will earn $150,000 net to be invested under the Nebraska law :n state secur ities for the protection of policy hold ers, and will increase its invested as sets to $250,000. - "In 1903 the Bankers Reserve Life Association will write more business in .Nebraska than any alien member of the national life insurance trust. - sometimes called national association of underwriters. "In 1903 the more sensible represen tatives of the alien combination will have sense enough to treat the Bank ers Reserve Life decently and fairly. ln 1903 the Bankers Reserve Life Association will pay its few losses promptly and :ward . its excellent corps of solicitors comprising its field SttaS generously, as it has always done ' since it entered the life insurance field. VIn 1903 the president of the Bank ers Reserve Life Association will con tinue to be known as the friend of ' home life Insurance. . i "In 1903 the policies of the Bankers Reserve Life Association will be, as hitherto, modern, liberal, attractive and . easily understood. "In 1903 the reader should be sure to secure one of these policies. The time to' make extra profitable life in surance contracts is in the early years of a good company. Get in early and enjoy the benefits of the earlier years of the existence of this well known, prosperous home company." GAMBLING JARGON English as 8h Spoke by tba Habltaes t Wall Straat The Handy Pocket Account Bock Containing four parts each convenient for pocket ,t. vft.. ' j'- Fatt I consists of simple, yet comprehensive in structions w th --plain examples and illustra tions for keeping private accounts iu book keep ing form.'- . Part II consists of business fo-ms, as note?, receipts, etc., interest, rules and many others, and ust nil tables. v Part III shows how to write good letters, with forms, (printed matter above, 32 pages.) - Part IV, 64 blank pages ruled for Dr. and Cr. 1........ i- wtii.'V, r lrtf ainnlifa HKtx v v 1 V- 1 v... ... v , . Size 63'4 inches firmly bound with pocket and nap. t rive 5ocpo!i jwiu, i mm -injup iTtvrpiru, Agents can return book unsold. Money re funded. Address F. O. JOHNSON, Publisher, 1 o riAti Tnara Even those who have never indulged in the great American game draw poker have some Idea of flushes, roy al and otherwise, including 1 those classed as bob-tails; of straights, and fours and threes and full-houses and so on. But how many understand the jargon of Wall street? A speculator who has bought stocks is long and is a bull, writes the Chi cago Inter-Ocean's New York corre spondent, in a review of "Smith's Fi nancial Dictionary," compiled by How ard Irving Smith and to be published early this month, the opposite of this term is short, and a speculator who is short of stocks is a bear. On the London stock exchange it is the cus tom to say that a speculator is bull or bear of stocks, instead of long or short of stocks. The object in selling short is, of course, to repurchase sub sequently at a lower figure. The rules of the New York stock exchange en force the completion of each trans action entered into "regular way" be fore 2:15 p. mon the day following the transaction. Hence, the specula tor who has sold short is forced to borrow the stock he has sold, but does not own, and make actual delivery of it to the purchaser.' This he accom plishes through his broker by paying. the market values of the stock to the one from whom he borrowed it, and then returning the borrowed stock to the lender when he has covered, or, In other .words, bought back the stock. Contango is a London stock ex c :ange term, meaning the charge paid by the buyer for the privilege of con tinuing his bargain (contract) to the next fortnightly settlement. It is equivalent to interest ; or carrying charge in New York. Backwardation is another London stock exchange term, " meaning the premium charged the-seller when' the bear seller (seller short) continues his bargain (con tract) to the next fortnightly settle ment. The jobber on the London stock ex change is one who deals between members, and not for outside prin cipals or clients. He is practically a wholesale dealer in securities, buying as wrell as selling. He will either buy or sell at prices named by him. The jobbers make the market (establish the prices) in London, whereas in New York prices are established by the bids and offers of brokers. On the London stock exchange a ' broker is merely an agent, who acts for an other in buying from, or selling to, a jobber. A broker in executing an or der asks a jobber to "make a price" on the security in which he wishes to deal, and the jobber, who does not know whether the broker is buyer or seller, names two prices, for instance, 3-8 and 99 5-8, meaning that he will sell at the higher or buy at the lower. If the broker has an order to buy he buys of the jobber at his (the job ber's) selling price, or if he has an order to sell he sells to the jobl-er at. his (the jobber's) buying price. The jobber expects to undo or cover the bargain by a fresh transaction with another jobber at the middle price. The jobber has prices "for the ac count" (in which there is a settlement every fortnight), and other prices 'for money" (immediate payment). An other name for jobber, is dealer, but its use is less frequent than jobber. A corner in a stock is created by the purchase of all the floating or pur chasable stock of a company, after which the price of it can be advanced at will. .Speculators who are short of the stock and are unable to buy or borrow to make delivery to buyers, or to return stock which they have bor rowed, are, In speculative parlance, squeezed. They must settle with buy ers as best they can. Privileges, or puts, "calls, spreads, and straddles, are contracts entitling the holders to receive or deliver cer tain stocks to the signers of the con tracts at any time within a specified period (usually thirty or sixty days), and at a specified price. A cash price is paid for the contract by the pur chaser, and his entire liability is lim ited to that amount. The matter of interest is not involved in the contract A put entitles the holder to put or de liver stock to the signer. A call en titles the holder to call for or demand stock from the signer. A spread en titles the holder either to deliver to the signer stock at one price or to demand it from the signer at another price, but if the price named in both cases is the same the contract is known as a straddle. . - On a scale is a term used in spec ulative operations in stocks, meaning buying or selling, as the case may be, at stated intervals In prices, as prices decline or advance. For instance, buy ing at 100, 98, '6, 94, and 92 would be buying on a 2 per cent declining scale. Reversing the order of prices would be buying on, an ascending f.cale. The operation of selling on a scale Is conducted in the same fashion. Pyramiding is. a. system of enlarg ing operations by use of paper profits. Following is an illustration: One hundred shares of stock of the par value of 100- Is bought at 10 on a mar gin of 5 per cent The stock advances to 15. There is a profit of 5 per cent, which can be used as margin in the purchase of 100 shares more. Tho price goes up to 20. There is then a profit of 5 per cent on-the second lo. and an additional profit of 5 per cent on the first lot, so that there is an unincumbered profit of 10 per cent on luO shares, or 5 per cent on 200 shares. The profit is utiliCS as margin for the purchase of 200 shares more. The price goes up to 25. Then there is an unincumbered profit of 5 per cent on the whole 400 shares, or 2C per cent on 100 shares. This profit is used to buy 400 shares more. Then, perhaps, the price drops back to 20. There being only 5 per cent margin on the whole 800 shares, the whole accumulated profit of $3,500 dis appears, as well as the margin of 5 per cent provided for the purchase of the first 100 shares. Should the price go on up to 30, however, the profits would be increased by $4,000, which would provide 5 per cent margin for 800 shares of stock, making the total amount of stock held 1,600 shares. 1, 500 of which would have been pur chased with profits. Selling stock at intervals cn a decline, using profits for margin, is pyramiding, as well as buy ing it on profits on an advance. The Chess Digest May 16, 1901, The Independent an nounced the appearance of a much needed book for chess players espe cially those interested in correspon dence play. This was volume No. 1 of the Chess Digest, by Mordecai Mor gan (Patterson & White Co., 518 Lud low st, Philadelphia, publishers). Volume II. has since been published, and makes a fitting companion to No. I. The first volume covers openings as follows: Ruy Lopez, Four Knights', Three Knghts', Two Knights', Giuoco Piano and Scotch. The second volume treats of the Evans Gambit, Ponziana, Petroff, Philidor's Defence, King's Knights', King's Bishop's, King's Gam bit, Salvio, Muzio, Kieseritzky, All gaier, Cunningham, King's Bishop's Gambit, King's Gambit declined and Vienna. . Since Mr. De France resigned as sec retary of the Nebraska Chess associa tion and discontinued his chess depart ment as a regular feature of The In dependent, we have devoted scarcely any space to this game of games too much of a science to be a game, and too much of a game to be a science. As its name indicates, The Chess Di gest gives a reliable index to many thousand games of chess, showing the opening moves down to the point where friendship ceases" and the real battle begins; 446 pases: buckram. $2.50; sheep, $3.50. Sioux Falls Populism. A little over a year as;o Sioux Falls installed a municipal electric lighting plan, lhe plant and improvements cost $12,544.09. The operating ex penses during the year amounted to $4,482.95. The city is three times as well lighted as ever before, and the cost is less than it ever was before under private ownership of the electric lighting plant. The municipal light ing system was started with sixty five arc lights, which have been in creased to 105 lights. It is proposed to still further increase this by ex changing one of the smaller dynamos for a larger one. 320 A.re Farm for Sale All fenced, 200 acres under cultiva tion, balance pasture, good 9-room house, barn 40x50, windmill and good dug well 86 feet deep, tank and lead pipes all in first class condition; 5 miles from Stratton, 8 miles from Trenton, 1 mile from school, 1 miles from the Republican river.'-, $2 300. This is. a great bargain. The im provements ' alone ' cost more than is asked for the entire farm. Write to day. Address The Independent, Lin coln, Neb.- HEADACHE At all drug stores. 25 Dews 25c. The Right Tiff. A New Catarrh Cure, Which is Rapidly Com ing to the Front For several years, Eucalyptol Guaiacol and Hydrastin have been recognized as standard rem edies for catarrhal troubles, but they have al ways been given sepamtlT and only very recent ly an ingenious chemist succeeded in combining ihem, together with oiher antiseptics into a pleasant effective tablet. Druggists sell theremedy under the name of Stuart's Catarrh Tablets and it has met with re markable success in the cure of nasal catarrh, bronchial and throat catarrh and in catarrh of the stomach. - . Mr. F. N. Benton, whose address is care of Clark House, Troy; N. Y. says: "When I run up against anything that is good I like to tell people of it. I have been troubled with catarrh more or le ss for seme t me. I.ast winter more than ever. : Tried several so-called cures, but did not get any beniht frcm them. About six weeks ago I bought a 50 cent box of Stuart's Catarrh Ta' Jets and am glad to say that they have done wonders for me and I do not hesitate to let all my friends know that Stuart's Catarrh Tablets are the right thing." 1,1 1 . v t 1 v. . j . V-.' muv,a uvia uii iiuu. vr col yiu street, New. York City, writes: "I have com menced us tig Stuart's Catarrh Tablets and al ready they Have given me tetter results than any catarrh cure I have ever tried." . A leading physician of Pittsburg advises the use of Stuart's Catarrh Tablets in preference to any other treatment for catarrh of the head, thror.t or stomach. Hecla;msthey are far superior to inhalers, salves, lotions or powder, and are much more convenient and pleasantto take and are so term less that little children take them with benefit as they contain no opiate, cocaine or any poisonous drugs. All druggists sell Stuart's Catarrh Tablets at 50 cents for full size package and they are prob ably the safest and most reliable cure for any form of catarrh. Plumbing ancl Heating Estimates Furnished J. c.cox 1332 O Street Lincoln, Nebraska. I Live I Stock CATTLE SHEEP Com mission Nye & Buchanan Co., SOUTH OMAHA, NEBRASKA. Best possible service in "all depart ments. Write or wire us for markets or other information. Long distance Telephone 2305 'lo make cows pay, use sharpies Cream separator Kook"huslnes8 dairying" &l Cat. 270 free W. Cheater. I'a B.,sasj j - -it iVrtiifmnrtf J Members of Legislature Will Find The Hotel Walton 1516 O STREET, the best and most convenient low priced houe in the c ty. Rates fi per day and up. WANTED FAITHFUL PERSON TOTRAVEL for well established house in a few counties, calling on retail merchants and agents. Local territory. Salary $1024 a year, and expenses. payaoietiy. ,ua wee in cash and expenses ad ranced. Position permanent. Business suc cessful and rushing. Standard House,334 Dear born St., Chicago. Farm For Rent Wanted A renter for my farm, a single man; 60 acres plowed land 2 miles southeast of Raymond; $3 per acre. Good buildings, good accommo dations. Will board man to do chores. Would like part cash in advance March 1, balance October 15. MRS. M. J. CAWTHRON, Raymond, Neb. -;. Fruit Farm For Sale A most " desirable fruit farm, con-" listing of one hundred and sixty acres, located immediately on the west bank of the Missouri .river, in extreme smithnnstfirn NobvaaL- a nrV.n ... - . . iu. uunu, nunc l tups of no kind have ever failed. No bet ter fruit soil. Write Robert W. Fur nas, Brownville, Neb. Fire Proof Sate Large fire proof and burglar proof safe, 4y2 feet high, 3 feet square, for sale at a bargain. Address P. F. Zim mer, 116 South 10th st, Lincoln, Neb.