FREE BOOKS

Author's List




PREV.   NEXT  
|<   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   >>  
in him. The business hardened his heart, and he took his profits as if by right of birth. His wife he saw but seldom. Occasionally they breakfasted together; more often they met at dinner. But that was all. And now by June 11 the position was critical. "The price broke to a dollar and twenty yesterday," said Gretry. "Just think, we were at a dollar and a half a little while ago." "And we'll be at two dollars in another ten days, I tell you." "Do you know how we stand, 'J'?" said the broker gravely. "Do you know how we stand financially? It's taken pretty nearly every cent of our ready money to support this July market. Oh, we can figure out our paper profits into the millions. We've got thirty, forty, fifty million bushels of wheat that's worth over a dollar a bushel; but if we can't sell it we're none the better off--and that wheat is costing us six thousand dollars a day. Where's the money going to come from, old man? You don't seem to realise that we are in a precarious condition. The moment we can't give our boys buying orders, the moment we admit that we can't buy all the wheat that's offered, there's the moment we bust." "Well, we'll buy it," cried Jadwin. "I'll show those brutes. I'll mortgage all my real estate, and I'll run up wheat so high before the next two days that the Bank of England can't pull it down; then I'll sell our long line, and with the profits of that I'll run it up again. Two dollars! Why, it will be two-fifty before you know how it happened." That day Jadwin placed as heavy a mortgage as the place would stand upon every piece of real estate that he owned. He floated a number of promissory notes, and taxed his credit to its farthest stretch. But sure as he was of winning, Jadwin could, not bring himself to involve his wife's money in the hazard, though his entire personal fortune swung in the balance. Jadwin knew the danger. The new harvest was coming in--the new harvest of wheat--huge beyond all possibility of control; so vast that no money could buy it. And from Liverpool and Paris cables had come in to Gretry declining to buy wheat, though he had offered it cheaper than he had ever done before. * * * * * On the morning of June 13, Gretry gave his orders to young Landry Court and his other agents in the Pit, to do their best to keep the market up. "You can buy each of you up to half a million bushels apiece. If that don't keep the price up--
PREV.   NEXT  
|<   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

 

moment

 

Gretry

 

profits

 
dollars
 
dollar
 

market

 

bushels

 

million

 

harvest


offered

 

orders

 

mortgage

 

estate

 

number

 

promissory

 

floated

 
happened
 

England

 

danger


morning
 
cheaper
 

Liverpool

 

cables

 

declining

 

apiece

 

Landry

 
agents
 

winning

 

involve


stretch

 
credit
 

farthest

 
hazard
 

entire

 

possibility

 
control
 
coming
 

personal

 

fortune


balance

 

yesterday

 

broker

 

support

 

pretty

 

gravely

 
financially
 

twenty

 
seldom
 

business