Secret of Success in Wall St.
(Tumbridge & Co).
New York: Issued by Tumbridge & Co, 1873.
Price:
$1,250.00
About the item
First edition. 46, [2] pp. Thitchener & Gloucester, Printers, 14 & 16 Vesey St. 12mo. Green pictorial wrappers. Some creasing and soiling to covers. In half blue morocco slipcase.
Item #306230
Rare pamphlet issued by the early Wall Street brokerage Tumbridge & Co. With many examples drawn from canal and railroad speculation.
"The company published a booklet "Secrets of Success in Wall Street" in 1875 [sic], predecessor to all the booklets found today which aim to educate and attract investors to trade options. This slim, 48-page volume described the workings of the New York Stock Exchange and the over-the-counter options market. The options traded at Tumbridge & Co. were American options, which went by the name 'stock privileges.' Equity options included both calls and puts. Option strategies included spreads, and straddles. Each option contract represented 100 shares of an underlying stock, and matured in 30 days. Tumbridge always charged $100 as cost of a call or a put and $6.25 for broker’s commissions for each leg of the trade" (Wikipedia).
