ob should be beaten down by this
concentrated modern finance devil, a panic would ensue and Sugar would go
none could say how low. But if Bob should play him to a standstill by
exhausting his selling power, Sugar would quickly soar to even higher
figures than before. It was known that Barry Conant's usual order from his
clients, the "System" masters, for such an occasion as the present was
"Break the price at any cost." On the other hand, every one knew that
Randolph & Randolph were usually behind Bob's big operations; this was
evidently one of his biggest; and every man there knew that Randolph &
Randolph were seldom backed down by any force.
As Bob made his bid "72 for 5,000," and got it, I saw a quick flash of
pain shoot across his face, and realised that it probably meant he was
nearing the end of my last order. I sized it up that there was deviltry of
more than usual significance behind this selling movement; that Barry
Conant must have unlimited orders to sell and smash. My final order of
fifty thousand brought our total up to one hundred and fifty thousand
shares, a large amount for even Randolph & Randolph to buy of a stock
selling at nearly $200 a share. I then and there decided that whatever
happened I would go no further. Just then Bob's wild eye caught mine, and
there was in it a piteous appeal, such an appeal as one sees in the eye of
the wounded doe when she gives up her attempt to swim to shore and waits
the coming of the pursuing hunter's canoe. I sadly signaled that I was
through. As Bob caught the sign, he threw his head back and bellowed a
deep, hoarse "70 for 10,000." I knew then that he had already bought forty
thousand, and that this was the last-ditch stand. Barry Conant must have
caught the meaning too. Instantly, like a revolver report, came his
"Sold!" Then the compact, miniature mass of human springs and wires, which
had until now been held in perfect control, suddenly burst from its
clamps, and Barry Conant was the fiend his Wall Street reputation pictured
him. His five feet five inches seemed to loom to the height of a giant.
His arms, with their fate-pointing fingers, rose and fell with bewildering
rapidity as his piercing voice rang out--"5,000 at 69, 68, 65," "10,000 at
63," "25,000 at 60." Pandemonium reigned. Every man in the crowd seemed
to have the capital stock of the Sugar Trust to sell, and at any price. A
score seemed to be bent on selling as low as possible instead of for as
much
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