CHAPTER XIII.

_The Short “Turns,” or who makes the Profits?_

1. The “Turn,” a known quantity always against the Speculator 124

2. The “Turn,” a Loss in going into, and also in coming out of the Market 125

3. The difference in the character of the “Turn,” as compared with former times 125

4. Special Danger of Speculating in a Stock that is quoted very wide 127

5. The “Turn,” the Income of the Jobber 128