Thank you for visiting SNEWPapers!
Sign up freeThe Cook County Herald
Grand Marais, Cook County, Minnesota
What is this article about?
New York newspaper journalists mourn the loss of Benjamin Flower, a stockbroker who reliably tipped them on sure stock rises, such as Federal Steel, ensuring their profits without risk, in a mutually beneficial arrangement involving advertising.
OCR Quality
Full Text
Speculated for Newspaper Men on Sure Things.
--New York Press: The newspaper men of the street have lost a warm friend in Flower. In the last year and a half he made a dozen or more richer than they had ever dreamed of being. He never misled. In his office, in the three great months before Christmas, they were wont to congregate to learn the financial news of the day, the trend of the market. He or some other member of the firm would walk around the room, saying: "Well, boys, we are going to put Federal Steel up about six points today." Then, after a few minutes of general chat, he would continue: "Joe, how much do you want? Can you stand 100 shares?" Joe says he can and the order is booked. "Charlie, want a hundred? More if you like it." Charlie takes 200. He asks each in turn, some taking as much as 500 shares of the certainly-a-Flower stock—anything with Flower's name to it meant a lead pipe cinch. No boy with from 100 to 1,000 shares of stock in Federal Steel, or anything else acquired under similar circumstances, ever walked the floor at night, or lost one wink of sleep. If the stock went up as intimated he would walk into the office next morning and get a check. If it happened by any misfortune to go down he never heard of it. The firm of Flower & Co., Roswell P. special, did not do business that way. The boys had to make. It was with them all a case of "heads I win, tails you lose:" But let it be understood that they never failed to give Mr. Flower a full equivalent. Yes, and more. They advertised him.
What sub-type of article is it?
What themes does it cover?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Story Details
Key Persons
Location
New York
Event Date
In The Last Year And A Half
Story Details
Benjamin Flower provided reliable stock tips to New York newspaper men in his office, booking orders for shares in stocks like Federal Steel that were guaranteed to rise, ensuring their profits and sleep, while they reciprocated with advertising.