"I want to know if you both agree with me on adhering to
the original plans to close out at 175. I never felt surer of my ground
than in this deal. The stock is 163 on the tape right now." He glanced at
the white paper ribbon whose every foot on certain days spells Heaven or
Hell to countless mortals, as it rolled out of the ticker in the corner of
the office. "Yes, there she goes again--33/4, 4, 41/4 and 1,200 at a half.
There is a tremendous demand from all quarters. Washington's buying is
unlimited; the commission-houses are tumbling over one another to get
aboard and the shorts are scared to a paralysed muteness. They don't know
whether to jump in and cover or to stand their present hands, but they
have no pluck to fight the rise, that is certain. The news bureaus have
just published the story that I am buying for Randolph & Randolph, and
they for the insiders; that the new tariff is as good as passed; and that
at the directors' meeting to-morrow the Sugar dividend will be increased,
and that it is agreed on all sides she won't stop going until she crosses
200. I've been obliged to take on only 18,000 of your 50,000, and at
present prices there is over two hundred thousand profit in them.
Pages:
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60