Through the simultaneous measurement of the transverse size as a function of longitudinal position, and the longitudinal distribution of luminosity, we are able to measure the β * y (vertical envelope function at the collision point), vertical emittance, and bunch length of colliding beams at the Cornell Electron-positron Storage Ring (CESR). This measurement is possible due to the significant "hourglass" effect at CESR and the excellent tracking resolution of the CLEO detector.