FREE BOOKS

Author's List




PREV.   NEXT  
|<   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91  
92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   >>   >|  
even began to offer ninety-four. At every suspicion of a flurry Grossmann, always with the same gesture as though hurling a javelin, always with the same lamentable wail of distress, cried out: "'Sell twenty-five May at ninety-five and a fourth." He held his five fingers spread to indicate the number of "contracts," or lots of five thousand bushels, which he wished to sell, each finger representing one "contract." And it was at this moment that selling orders began suddenly to pour in upon the Gretry-Converse traders. Even other houses--Teller and West, Burbank & Co., Mattieson and Knight--received their share. The movement was inexplicable, puzzling. With a powerful Bull clique dominating the trading and every prospect of a strong market, who was it who ventured to sell short? Landry among others found himself commissioned to sell. His orders were to unload three hundred thousand bushels on any advance over and above ninety-four. He kept his eye on Leaycraft, certain that he would force up the figure. But, as it happened, it was not Leaycraft but the Porteous trio who made the advance. Standing in the centre of the Pit, Patterson suddenly flung up his hand and drew it towards him, clutching the air--the conventional gesture of the buyer. "'Give an eighth for May." Landry was at him in a second. Twenty voices shouted "sold," and as many traders sprang towards him with outstretched arms. Landry, however, was before them, and his rush carried Paterson half way across the middle space of the Pit. "Sold, sold." Paterson nodded, and as Landry noted down the transaction the hand on the dial advanced again, and again held firm. But after this the activity of the Pit fell away. The trading languished. By degrees the tension of the opening was relaxed. Landry, however, had refrained from selling more than ten "contracts" to Paterson. He had a feeling that another advance would come later on. Rapidly he made his plans. He would sell another fifty thousand bushels if the price went to ninety-four and a half, and would then "feel" the market, letting go small lots here and there, to test its strength, then, the instant he felt the market strong enough, throw a full hundred thousand upon it with a rush before it had time to break. He could feel--almost at his very finger tips--how this market moved, how it strengthened, how it weakened. He knew just when to nurse it, to humor it, to let it settle, and when to cr
PREV.   NEXT  
|<   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91  
92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   >>   >|  



Top keywords:

Landry

 

thousand

 

market

 

ninety

 
bushels
 

advance

 

Paterson

 

suddenly

 

orders

 

Leaycraft


traders
 

trading

 
strong
 
hundred
 

selling

 

contracts

 
finger
 

gesture

 
languished
 
advanced

sprang

 

activity

 

outstretched

 

Twenty

 
voices
 
shouted
 

middle

 

carried

 

nodded

 

transaction


strength

 
instant
 

settle

 

strengthened

 

weakened

 
feeling
 

refrained

 

degrees

 
tension
 

opening


relaxed

 

letting

 

eighth

 
Rapidly
 

moment

 

Gretry

 

contract

 

wished

 

representing

 

Converse