e itear. He never loses sight of
him, yet Pop hasn't made a trade to-tay, unt here id iss twenty minutes of
der glose unt dere iss Parry in deh centre again whooping her up ofer two
hundred unt four."
Chapter V.
Thursday, November 12th, was a memorable day in Wall Street. As the gong
pealed its the-game's-closed-till-another-day, the myriad of tortured
souls that are supposed to haunt the treacherous bogs and quicksands of
the great Exchange, where lie their earthly hopes, must have prayed with
renewed earnestness for its destruction before the morrow. Never had the
Stock Exchange folded its tents with surer confidence of continuing its
victorious march. Sugar advanced with record-breaking total sales to
2071/2 and in the final half-hour carried the whole list of stocks up
with it. In that time some of the railroads jumped ten points. Sugar
closed at the very top amid great excitement, with Barry Conant taking all
offered. During the last thirty minutes it had become evident to all that
the boardroom traders and plungers, together with many of the
semi-professional gamblers, who operated through commission houses, were
selling out their long stock and going short over the opening of the Wall
Street hoodoo-day, Friday, the thirteenth of the month. But it was also
evident, with the heavy selling at the close and the stiffness of the
price, which had never wavered as block after block was thrown on the
market, that some powerful interest as well had taken cognisance of the
fact that the morrow was hoodoo-day. At the close, most of the sellers,
had they been granted another five minutes, would have repurchased, even
at a loss, what they had sold, for it looked as though they had sold
themselves into a trap. Their anxiety was intensified by the publication,
a few minutes later, of this item:
"Barry Conant in coming from the Sugar crowd after the close remarked
to a fellow broker, 'By three o'clock to-morrow, Friday, the 13th, will
have a new meaning to Wall Street.' This was interpreted as pointing to
a terrific jump in Sugar to-morrow."
"The Street" knew that the news bureau that sent out this item was
friendly to Barry Conant and the "System," and that it would print nothing
displeasing to them. Therefore, this must be, a foreword of the coming
harvest of the bulls and the slaughter of the bears.
Others than Ike Bloomstein remarked upon the fact that Bob Brownley had
hung close to the Sugar-
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