MACHINERY OF A “POOL"

GOWNS FOR THE GRADUATES.

PROCESS OF WORKING THE STOCK MARKET OESCRIBEO.

Many iB her Brae In hlBh achools. college*, aeml—In almost every kind of femln-

corsage diagonally, to end under the arm* wlt'u something of a bolero effect. The sleeves are at their fullest just above the lace cuff at the wrist. The same scheme of trimming Is car-

ried out In the skirt.

A deep sailor collar appear* upon a third frock. It differs from the regulation pattern, however. In Its dee] slushes at either side upon

■ sin* Frank Kavstatlons of Ilia Foal's MsIImmU—Mow Slock Is “Tied Up"— The FodI and Iks Oatalda Fnbllc —Tho Work of the "Publicity Department." The violent gyrations of speculative stocks, without tho slightest reference to news developments or bonafide changes in values, have attracted more than the usual attention to the work of professional Stock Exchange

eep ; work of profesi the ••pools," says a ass- York - Evening

an authority in the New

and Its long ends that, cross-' York - Evening Post In a general tag surplice fashion, tuck underneath | way. the methods of these speculative the belt. Flue tucked tnualin forms cliques are pretty well known. There this collar. wiQi row* of lace Insertion are many detaila, however, with and a tiny border?frill of l^i for Anal which the public at large la wholly unUntsb. ■* There 1* a chemisette In tnusllu I familiar. The following interview and lace with stock' attached. The with an operator who has handled sleeves are of the bishop variety, and many large "deals" of the kind for end at the wrist In a lace cuff. Elbow Stock Exchange pools will throw aome sleeves are Inappropriate for gradua- ! Interesting light on the work In Question gowns. A lace sash girdles the . tlon. For obvious reasons, the name waist. The depth of the skirt is ac- of the gentleman Interviewed cannot centuated by a heading in fine tuck* he made public, but the information la and lace Insertion. | based on abundant experience: A trifle more elaborate is the mode) I ‘ ,lt ,B on| Y falr '° “Y that the public having its finely tucked corsage crosses | r * re *Y value until It la most mark-

TCCKS OF WHIT* MrSLIJC.

Ine educational Institution there will be a graduating class, and Its members must be attired becomingly and suit- ’ ably. White wash muslin Is. of course, the chosen fabric, and It must be made as simply as possible to be In accordance with strict good taste. Let other white muslins at other times be as fussy and fluffy as they choose. When she graduates a girl's clothes may be aa pretty and as dainty as she chooses, but they must be Inconspicuous^ This last Is Inexorable—both fashion and higher education agree upon that. It la possible, of course, to mount the muslin frock upon silk and interline It

with chiffon: and to

u expend far more

ilderyijmrdered on either side wlib the narroweK^of muslin frills. Tht band, frills and- all. extends serosa either sleeve with graceful effect. From shoulder to elbow the sleev* likewise is tucked. Below the fullness escapes into the regulation bishop puff. Embroidery Is at the wrist. The skirt's deep flounce Is beaded with embroidery. band and frills. Another model Uni flue lengthwisl tucks all round the hip* Just below the waist. Tucking also appears upon the yoke—a circular affair, also, aud edged gll round with a dainty hemstitched r\ifflc. Ribbon roaettea grace the blouse bodice wb*re it fastens at one side and .(here IsTibbon sasb knotting In front—New York Evening Sun. Block Bowl and Ko*c«. For fair ones who find a black ornament more becoming there have Just been made two gem*. One Is a black

edly demonstrated to them, and the demonstration cornea generally at a pretty high price. It la easier for them, as experience shows, to believe a stock Is cheap when It Is relatively dear, than to believe It Is cheap when It Is more than cheap. A Stock Exchange operator or group of operators decides, we will say. that a certain stock Is selling cheap—that is, below value. Value means. In Stock Exchange speculation. Intrinsic value, plus future value, plus the additional Stock Exchange value. A large holder of the stock begins by going around to other large holders. Ownership Is counted, and the outsLanding stock In public bands fairly

estimated.

•The first necessary detail Is to •A up’ In a pool, these known holdings. In order to prevent realizing

sales by larger Interests. If such large holdings cannot be kept off the market. hands are Joined In certain dlrec-

WITH Sin. OB COLLAR. MO EX XLABOKATI MODEL. PXBBAPS THE BEST.

money in quiet tucking and Ineffective hemstitching than yards of lace and reams of embroidery could cost, but even then, simplicity is the desideratum, and woe to the graduation costume that Is so unlucky as to attract the attention by anything but Ita quiet suitability. The cuts show five models for frocks of this -eorj. any one of which Is capital. That with round

bodice yoke formed by a aeries of clj» _ar vice reran. It is charmingly effectcular shirring la. perhaps. preferlBle.

Row I a tito Bat.

Light on" the ueitj, and. therefore, desirable in summer time, is the stylish hat made of batiste. Pongee color, ecru and graylah beige are^tbe favorites. This makes a delightfully cool head covering. A shady brim Is easily foond among the modals. The stylish mode of trimming a batiste hat is to use nothing but leaves; violet foliage la the favorite device. However, a

Such bodice* should, aa a rule, fasten in the back In order to maintain the girlishness so desirable. But this one. ^bowever, fastens at one aide. Small rosettes In narrow white aatln ribbon define the fastening. The sleeves consist of two long puffs separated by a njw of shirring and with a shirred cuff at the wrist. A white muslin sash Is

at the waist.

A bodice with Palace confined to a shallow yoke, a pleat down the middle of the front and the cuffs, deserves attention. Fine Pickings of the white muslin make op the rest of the trimming. There are long lines running firom shoulder to >valst, both back and front of the corsage, and there are

shoulder to wrist Short lines of

chiffon rose, wfileb is placed at the right front (If one would be down to date). This Is in no sense a mere rosette. but rather a .perfectly *pad< blossom with petals curling esadly true to life. The other Is a bow. In reality an Alsctlac, but called the Grlselda. In this case It Is composed of two loops of black velvet ribbon and ends of a broad, wired, spangled net

tions. and a long and patiently worded out plan of accumulating the stock at low prices, before tying It np. Is vised. This takes the form of maul] lation within a certain range of pr It may beasslsted by natural stock ket conditions, which ft courage sales by outsiders at a sacfttce. Frequently persistent attacks on the stock by the people who wish to buylTare undertaken. which bring out miscellaneous public holdings, and which, if carried

a dealpi K 'rices.!?

emtf- town

iporpllsh

sufficiently .far. dislodge even tant Inside holdings. To act

the decline, matched orders are frequently used, whereby the pool really sells to itself. Large offerings of tEV stock are continually placed on the floor with no takers, resulting In the gradual lowering of commission-house selling limits, and the securing of

cheap stock thereby.

"The question of borrowing money Is Important A pool can rarely do the whole thing with Its own capital. It Is assumed, that the money market outlook favors a stable conditjas.-fbr it Is Idle to suppoee such-operations would be conceived were conditions pointing otherwise. Money brokers have of course, been employed by the house handling the pool, to borrow from the banks large amounts of time and short time call money, termed 'special loans.' on which the collateral Is largely to be the securely In questloi), and on which loans a liberal rate Is paid and liberal

"The 'publicity department' must also have been covered. Practically all importailt pool operator*, keep on hand this appendage to their work. The 'gossip' affecting the stock, must be printed, and this department Is systematized to a degree few suspect. It Is generally in charge of 4- man intimately connected with newspaper channels, covering every Important city, if need

■ecelves a large duty performed

of distributing foy circulation, when the managers of the pool see fit. Items of news and gossip affecting the stock. The 'insiders' being In the pool, every Item of Hews Is carefully bottled up, and distributed only at what Is thought

chiffon scarf or *rlbbon. trimming Is to be the right time. The need for thl»

used when preferred.

t For (La Cormtro.

rsage ornament i i the familiar fo

ueauty e wild

rose. This variant of It. however, Is In plain, bright gold of the old style, on which Is laid an Incrustation of brilliants. The gold appears as an edge all around on the upper surface of the glittering pgtala. and It outlines the |

will be apparent when it Is observed that explanation must be made for advances and excuse for declines In all manipulated stocks. The fact that Insiders and the pool own the news, so to speak, and can thus discount its effect ahead of those who get it through ■publicity' channels, Involves a moral point of view which has often been the subject of Wall street discussion. "The machinery of Stock Exchange

leaves and stems, which are also a work varies little. Orders are given to

mass of brilliants. A Urge diamond

of the flower

forme the centre

Trim flaps ere the regulation wear for a modish stock'collsr. They ere longer than last year's turn-overs, and come directly down, something like the

pique. Marseilles, linen, the trim flaps rale the $our. They are seen in characteristic cut in taffeta crepe de chine

and heavier alike. Foagwo For Usings',

Uae pongee for lining* Instead Of taffeta If yon detire a good-wearing 1 end comfortable lining to your dress waist. Taffeta la an old friend, .to he •ore. and so one should only speak good of It. but the fact remains that pong eels the more durable of the two, U almost Impossible to tear and does not silt In the folds where some silks

begin to give way.

Loeios' Fat

Ladles' wetcb fobs s In many alluring design chic with the new coat

different BBia-df broken from time io time to buy the stock, sometimes carefully and quietly, sometimes by openly and aggressively bidding for it, and vice-versa on the selling side. Rarely Is one broker alone allowed to remain conspicuous on either side for any considerable length of time. All these transactions are 'cleared' by the broken filling the orders; that U. instead of ‘giving np’ the names of their prlntipals in the trades, they take In and 'deliver the stocks themselves, and then receive and deliver them from and to

their principals.

"Market conditions now being favorable to the ‘deal.’ and emission of favorable news tacU having resulted In public Internet, the commission-house broker, who represents the ‘public.’ begins to be 1* receipt of many request* for opinion on the stock made active. The commission-house broker Is a pretty good Judge of the situation generally. and has spent his life studying values and watching manipulation. He ' i In the operations by a4-

•• brousht out : P urca "'-

they are at present really buying stock and selling Uttle. Some of these are

brokers In the crowd, to tell which of such orders they may be. The result, however. Is a marked stimulation of public interest, and commission-house buying orders begin. More^news is published, and the deal becomes public talk. "When this condition Is created, the stock Is up several points, and the pool begins to figure on selling. The machinery of the/publlclty department Is then worked to its utmost extent, and the following morning finds a general demand for the stock from all commission-houses. This is the time when a 'widespread' opening Is figured on. Orders by the thousand are put In on the selling side, distributed to many brokers, which, of course, some buying orders are also put In to a limited degree to 'take It as offered' at the opening. The ‘high opening’ Is effected, and stock sold by balance sufficient to warrant pool support and renewed buying, after the overnight public orders have been filled. Then follow* oold. aggressive buying by the pool in large quantities, aided by matched selling orders, and the volume of the business done attracts attention everywhere, and leads to enormous absorption by the public. y "Given favorable conditions, the public buying thenceforward controls the market, and the pool places only 'supporting' orders In the stock from time to time, when outside Interest flags. This public buying will continue, until it has carried the price so much be-

yond to Uqi

Mnl-offl

lose.

and 'Inside' announcements of news and suggestions covering the outlook In the Immediate and near future, affecting the value of the stock, dividends to be paid, bond conversions, new alliances, consolidations, are the only necessary machinery." HOW AN OYSTER CATCHES RATS.

Mil* Arcom pill •lllsooi BlralT<

l.hed by l

Th« Trick IU*1 Intoillgoor Bl'

An oyster as a rat trap Is a new role In which a large and muscular bivalve recently appeared as a valuable ipant of the basement of.a down

town restaurant.

In the damp and dark cellar, where this particular oyster has made ills

being drs I a few i

brought along to Richmond with a whole barrel of leas intelligent oys tere. there dwells a colony of rats, who have eaten oysters for so many gen eratlons that the ears of the young rets of the strain hare become hard like ml nature oyster shells, and upon dose examination, their tails are found to be growing hard and will, no doubt, be used by the posterity, of this colony of oyster openers. These discoveries prove, beyond any doubt, the remarkable Influence of habit and diet upon the physical development of rats and would be given due consideration at this time, but for this more unusual phenomena In nature history of a rat-catching oyster, which U to be written about Just now. This oyster story Is vouched for by ''Albert." the colored man behind the free lunch counter at the Commercial hotel, who Is an authority on bivalves rot to be disputed. This oyster was a death trap for rata, and his operations were In' the nature of a revelation among those who had always regarded oysters as old and dead shells, containing a very delicious morsel, which was to be had without any risk to life or limb. f This oyster had a habit of feeding just as other oysters, but after he had partaken of the meal and salt, a mighty poor substitute i» the opinion of an oyster for the delicacies washed rshore from the aea'a depth to his ocean-brink home, he would usually, when not asleep, have his shells open snd notice things and his surroundings in the dark and mysterious basement. Among the first things he a*w when his eyes became accustomed to the dim light of this strange prison were rats, and as he noticed them eat the heart out of his silent companions when they had been so careless as to go asleep with their mouths open, be resolved then he would lie and wait for Mr. Rat to.come his way. Hie time wasn't long before the chance was offered, and the oyster, who bad become quite restless and felt the absence of legs for the first time in his life, proved equal to the occasion. The rat approached with great assurance of an easy work, as he found his intended victim with his ■hen wide open. Setting upon his hind legs before the pearl-lined disk. Mr. Rat raised his chin, stretched his short neck, and reached In for his meal. As he did eo the oyster closed up on him, catching both front feet in the clamp, and the. music began. The rat squeeled and Jumped at such a lively rate, dragging the oyster' over the' basement floor, that ‘‘Albert" rushed into the domain* of these 1mI rltoned and probably dumb creatures with some amasement. He found'the rat caught fast in the oyirtei’s grip, agd though Mr. Rat' made an awful squeaklag fiolte, the oyiter didn't Open Ms month The rat bail dragged the oyster to Us bole; and backed into it, but the shell was too large to enter and there the prisoner was held.—Richmond

Times.

"Thank you, tgy little Miss Passay to the nice Utt rad given up his seat in the car. “and a you beer r- sent to l •Koln," replied the bright "only to old ladies. r

A STRANGE STORY OF THE PAST.

Bow lbs I

of Claobrsasll's Will Wo* Fosod. Lord Dufferin's death recalls a strange true story of the past—an Old World romance belonging to the Stuart period, when the Lords Clandeboye, from whom the late marquis was descended, owned Bangor castle (near Clandeboye). Killyleagh castle, and other parts of plcutresque county Down. The second I-ord Clandeboye, who became the first Earl of Clanbraasll. had an only son. Henry, to whom he left his Irish estates, expressly providing, however, that, should Henry have no direct heir, the property should devolve npon the next of kin. When the second Countess Clanbras-

likely to have children, she suggested to her husband that he should make a will leaving the estates to herself

a mere waste of paper. But the Lady Alice persisting, the earl consulted his mother (a daughter of Henry. Earl of Monmouth), who warned him that If he compiled with his wife's desire, rould be sleeping within a month family vault at Bangor.” In the result the will was made, the earl died suddenly—It was supposed

"he wot in the fi

something like twenty years there ensued a contest between the countess and her people and the defrauded next of kin and their friends—c contest In which armed bands, as well as lawyers, played leading parts. Then, one fine day. a busy little maid, while sweeping the dust from a recess in the room

empty envelope Inscribed. "The Last Will and Testament of James. Earl of Clanbrasail." The inside of the envelope was found to be covered with writing and much Ink-stained. A close Investigation revealed the fact that It was a duly executed and valid will— Indeed, the document from which the missing will had been copied. It had been turned Into an envelope and another will written, because when on bis death bed the old earl desired to make certain alterations In ItRnd while these were being made a'bottle of Ink was upset over It. When the Lady Alice took possession of the new will she unfu log onto been swept into the recess, where It remained until the little maid brought It to light again. As Lord Dufferin explained In the delightful memoir he wrote of his mother one result of the action of the second Lady CUnbraasll was the division of the estates between an ancestress of his own and an ancestor of his wife. This division had to be carried out so scrupulously that until the lady who was to become bis wife was six years old one-half of the ancient castle of Klllyleagh, for example, belonged to her father, and one-half to her future husband—the castle garden even being

sixth century, and that around Strangford Lough on the western shore of which Klllyleagh castle stands, are many rains of the castles built In Norman times.—Lloyd's Weekly NewsP»per.

LOVE SONNET OF AN OFFICE BOY. Tb» other day a rualy p*a got atuck Away deep !n her finger and .he held Bar poor, dear little band up then and For me to hurry over there and .uek And rolled about eight feet along the floor Before I ^ow what happened, blame the JSRAarK"?i si 1 never ae«n the beat the way thing, go When there', a ebanoe for me to .land a show. —Chicago Becord.

Aether! ty.

There are places and times when the authority of man Is more potent than that of woman. Street car conductors are more chary of offending men than women. They will carry a woman past her street and shrug their shoulders unconcernedly over her complaint, but they will mumble an apology to a man for the same offense. They taka pennies without murmuring from the masculine hand and pass them almost Invariably Into the hand'of a woman In making change. The “Step-im-llvely" and “Plenty-of-room-up-fronlj Injunctions are for the most part addressed to women. A woman dropped

Iropi

a 25-cent piece on the floor of the i

s w<

who was with her both tried to pick It

the other day. She and the woman i

First Boy—Still workin' In de rubber factory? Second Boy—Naw; I got de bounce. Nell—1 wonder why she married him. Belle—Shu was afraid some other ^Irl was going to. Byers—Do you believe there's luck in odd numbers? Sellers—Y'es; if you always look out for number one. Flubdub—BJones says bev married purely from a spirit of revenge. Henpeckke—Gee! what a grudge he must Lave had against himself. Slllicus—Wigwag says he Is his own worst enemy. Cynicus—In that case I should think marriage would offer a loophole of escape from himself. Wigwag—Your wife Is rather advanced in her views, isn't she? SkinDynte—I don't know about her views. Lut she's always at me to advance her money. Tommy—Pop. what do people meaa by the money question? Tommy's Pop—The money question, my son. is very often on Interrogation mark following a touch. "Yes." said his wife, petulantly, " 1 don’t get the bonnet I want lil keep you in hot water." “Then you'll find I'm like aa egg. and that hot water will harden me.” Mr. Henpeckke—And so. Miss Strongmyde. you believe In the equalIty of the sexes. Miss Strongmyade (witiieringly)—Not at all, Mr. Henpeckke; not at all. Blobbs—Today you are raving over her and yesterday you said you didn't know whether you loved her or not. Slobbs—But I hadn't looked up her father's rating then. "A lack of dollars is poverty." remarked the Simple Mug. "What of It?" Inquired the Wise Guy. :'0h, bolhlng." chuckled the Simple Mug. “Only a lac of rupees Is wealth." "What have you got for dessert?" caked the Wise Guy. “One second, sir.” called out the busy boarding mistress. "Ah!" chuckled the Simple Mug. “that must be hasty pudding." "One cannot master the piano without hard work,” said the young woman. "Still, it shouldn't be all work end no play." remarked the man with sensitive nerves who lives next door. “I will kill you,’’ hissed the villain with the tinfoil sword, “and that will be the end." "No. It won't." retortel the beautiful heroine; "this is New York, and If you kill me the case will go on forever. ' Jenks—So when your committee met to discuss the matter there was e division of opinion, eh? Casey— Huh—Huh! Faith, there was a division. sub-dlvislpn. subtraction, an' Ivery other ouid t'lng thot’s In the 'rlthmetic. "Have you dramatized the dictionary-” asked the great theatrical manager. "Yea, air," responded the playwright. "And the city directory?” "Yes. sir." "Well go to work on that medical almanac. The public must have something new." “Katie McCoy, have you had any experience as a cook?" "No, sir." "What did you do at the last place?” “01 was oculist av the kitchen." "Oclist of the kitchen? What-iaThe world did you do?" "01 removed th' oyee from the potatoes, air.”

up. but were unsuccessful. It — necessary to lift a section of the grating from the floor In order to get It, and the woman asked the conductor to do this, speaking politely, almost timidly. He refused gruffly, and the woman made another vain attempt A man looked up from his newspaper. "Did you say you couldn't get that piece of money?" he asked the conductor, In a voice of authority. "I'll get it” said the conductor meekly, and he did.—New York Press.

U«M an* Rio* In HI* Bui neat. An East Side character, well-known about the Marble building In which the supreme court hold forth, wears

toward the palm of his hand. He was asked If he wore his ring this way for fear it would be stolen.

to rob your Uncle Isaac—he ain’t been

born yet. It’s for business reasons that I wear my diamond so. When

some fellow comes to touch me, I hold up - my hands to (*[llh the

Who Won I ho B*<T

I One of the constituents of Judge Culberson, the father of the present senator from Texas, had wagered that he could get a definite and decided opinion from the old man. a proposition so unlikely that It created no lit- - tie excitement in the Texas town in I which the judge reside^. It had been stipulated that the bet should be decided in front of s livery stable, where Judge Culberson-liked to spend some of his leisure hours. A crowd collected, and as they discussed tho state of the weather and the condition of the crops a newly sheared flock of sheep was driven by. "Judge," said the man who had made the wager, “those sheep have been sheared, haven't they?” "It looks like it, on this aide."

replied the Judge.

toward him), and says ‘I'm broke, my friend,' end he don't see my diamond,

and he goes away. But

hen I want i who has

money, 1 turn my hands so (with the plants out) and say: ‘What can I do for you, my friend?' and he sees the

to d6 business with a n

The manners of aome rich pen are such as tp suggest that they a born with silver knives la tl mouths.—Puck.

Anorlceo BofrlBerators In Ea*lond. There Is a considerable growth of the Ice habit all over England. This Is making rapidprogress, owing to the continued demands of the American visitors.* Last summer all the Amer lean refrigerators la stock In England were sold oat There are splendid opportunities In this line of American manufacture for the forthcoming season. Equal chances exist In England as well as on the Continent for our wonderful soda water fountains, which, in most European countries, and especially in southern countries, like France Spain, Portugal and Italy, would be a blessing for both natives and foreign tourists.

In Florida and other suitable waters beds of spodkes are now set out, and marketable sponges are grown from _ small cuttings. Just as vegetables are raised to the same way. js