FREE BOOKS

Author's List




PREV.   NEXT  
|<   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247  
248   249   250   251   252   253   254   255   256   257   258   259   260   >>  
. "'J,'" he faltered, "'J,' I'm blest if I know." And then, all in the same moment, the two men were on their feet. Jadwin sprang forward, gripping the broker by the shoulder. "Sam," he shouted, "do you know----Great God! Do you know what this means? Sam, we can corner the market!" _III.--The Corner Breaks_ The high prices meant a great increase of wheat acreage. In June the preliminary returns showed 4,000,000 more acres under wheat in the two states of Dakota alone, and in spite of all Gretry's remonstrances, Jadwin still held on, determined to keep up prices to July. But now it had become vitally necessary for Jadwin to sell out his holdings. His "long line" was a fearful expense; insurance and storage charges were eating rapidly into the profits. He _must_ get rid of the load he was carrying little by little. A month ago, and the foreign demand was a thing almost insensate. There was no question as to the price. It was, "Give us the wheat, at whatever figure, at whatever expense." At home in Chicago Jadwin was completely master of the market. His wealth increased with such rapidity that at no time was he able even to approximate the gains that accrued to him because of his corner. It was more than twenty million, and less than fifty million. That was all he knew. It was then that he told Gretry he was going to buy in the July crops. "' J,' listen to me," said Gretry. "Wheat is worth a dollar and a half to-day, and not one cent more. If you run it up to two dollars--" "It will go there of itself, I tell you." "If you run it up to two dollars it will be that top-heavy that the littlest kick in the world will knock it over. Be satisfied now with what you've, got. Suppose the price does break a little, you'd still make your pile. But swing this deal over into July, and it's ruin. The farmers all over the country are planting wheat as they've never planted it before. Great Scott, 'J,' you're fighting against the earth itself." "Well, we'll fight it then." "Here's another point," went on Gretry. "You ought to be in bed this very minute. You haven't got any nerves left at all. You acknowledge you don't sleep. You ought to see a doctor." "Fiddlesticks!" exclaimed Jadwin. "I'm all right. Haven't time to see a doctor." So the month of May drew to its close, and as Jadwin beheld more and more the broken speculators, with their abject humility, a vast contempt for human nature grew with
PREV.   NEXT  
|<   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247  
248   249   250   251   252   253   254   255   256   257   258   259   260   >>  



Top keywords:

Jadwin

 

Gretry

 

million

 

expense

 
dollars
 
prices
 

corner

 

market

 

doctor

 

satisfied


Suppose

 

dollar

 

listen

 

littlest

 

exclaimed

 

Fiddlesticks

 

nerves

 
acknowledge
 

contempt

 

nature


humility
 
abject
 

beheld

 

broken

 

speculators

 

minute

 

planted

 
planting
 

farmers

 

country


fighting

 
showed
 

states

 
returns
 

preliminary

 

increase

 
acreage
 
Dakota
 

vitally

 

remonstrances


determined

 

sprang

 

forward

 

gripping

 

moment

 

faltered

 
broker
 

shoulder

 
Corner
 

Breaks