t try it again. Remember I'm manipulating this
pool and I have my ways!"
This time Bojo was under no illusions. Despite his warning he knew in
the bottom of his heart that when the moment came he would operate for
himself. However, he resolved on two things: to share his secret with no
one and to watch the course of Pittsburgh and New Orleans for a week
before making up his mind. The first flurry had subsided. To the
surprise of every one the attack ceased over night. The list resumed its
normal position with the exception of several southern railroad stocks,
notably Pittsburgh & New Orleans, which remained heavy, declining
fractionally.
During these days, Bojo resolutely stuck to his resolve, imparting no
information, keeping out of the market himself. On the announcement of
the first order for Drake, his salary was raised to $125 a week and the
affection of the firm showed itself in several invitations to enter the
consultation. Each day Forshay found opportunity to ask in a casual way:
"Not doing anything on your own hook yet, eh? Sort of watching
developments?"
Ten days after the first attack, another flurry arrived, but this time
the attack was from the open, from all the bear cohorts who for months
had been grumbling in vain, predicting disaster from inflation and the
panic that must follow inevitable readjustment. Borneman and his crowd
sold openly and viciously, raiding all stocks alike, particularly
industrials. That day, among other orders, Hauk, Flaspoller and Forshay
sold 10,000 shares of Pittsburgh & New Orleans which broke from 44 to
39-5/8 under savage pounding. Crocker resisted no longer and sold a
thousand for his own account. That day Forshay failed to make his usual
inquiry.
After three days of convulsive advances and speedy falls, the attack
again slackened, but this time the whole list rallied with difficulty,
receding almost imperceptibly, but slowly yielding under a decided
change of public sentiment. When Pittsburgh & New Orleans touched 38,
Bojo squared his conscience to the extent of exacting the most solemn
promises of undying secrecy from Fred DeLancy before communicating to
them the information that had now become a conviction, that he had
placed $50,000 in a pool which Drake was engineering to sell the market
short and make a killing of Pittsburgh & New Orleans. He imparted the
confidence not simply because it had become an almost intolerable secret
to carry, but for deeper reaso
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