Halsey & Co.: or, The Young Bankers and SpeculatorsShackleford, H. K. (Harvey King)
General
Halsey & Co.: or, The Young Bankers and Speculators
Shackleford, H. K. (Harvey King)
Boys -- Juvenile fiction; Wall Street (New York, N.Y.) -- Juvenile fiction
Pacific Mail was going that morning at 52. Fred went to Tabor and asked
him to buy Pacific Mail on 10 per cent margin. Tabor gave a start,
looked keenly at him for a moment, and then asked:
"Why do you buy that stock?"
"I heard a man tell another one it was safe to try it."
"Give me his name."
"No, sir. Will you buy it for me?"
"I'd rather not do it," and he shook his head.
"Oh! Then I'll try somebody else," and Fred went away with a check for
$1,200 in his pocket.
He went over to Bowles' office, and arranged with the old man to buy for
him 230 shares at 52. The old broker had the shares bought inside of ten
minutes. By twelve o'clock Fred saw Bryant buying all that he could get
hold of, but there were thousands and thousands of shares on the market,
and he had bought 10,000 ere there was any signs of life in the deal.
Then it began slowly to advance. It closed with an advance of one point
on the first day. But the next day saw it go up three points, and the
brokers in the Exchange began to hustle. It was an immense concern and
the shares were in every broker's hands. But Bryant gathered them in by
the thousand at a time. On the third day it was up to sixty, and Fred
met Callie at lunch to tell her she had got the thing down fine.
"Oh, if I only had some money to put up!" she said.
"You have got ten per cent interest in my little pile," he said to her.
"What! Just for the tip?"
"Yes."
"Oh, my! I could give you tips almost every day."
"Wall Street is always full of tips," and he laughed. "Such a thing as
this, though, comes but once or twice a year."
"B. & H. was a big thing for some of the brokers," she replied.
"Yes, and a very bad one for a number of them, too."
"Do you know, I think Mr. Gaines was badly squeezed in that deal?"
"Ah! I saw him nearly choked to death by that fellow who lost his head.
If I had not interfered he'd have been killed."
"Oh, was it you?" and she opened wide her blue eyes.
"Yes--why?"
"Why, he has sent down to the office instructing the clerks to try to
find out who it was. His niece, Miss Eva Gaines, called at the office
and spoke to me about it."
Fred opened his eyes in astonishment.
"She is such a sweet girl," added Callie, "I promised to let her know if
I ever found out who it was. Why, he might give you a gold watch or
something. Who knows?" and she laughed merrily as she told him the
story.
"Well, I am surprised," was all he could say.
"What shall I say to her when I see her or write to her?" Callie asked
him.
"Tell her what you please."
They left the little restaurant together and did not meet again till the
same hour the next day. Then Pacific Mail was going at 66 and the
brokers were again in a furor. Coming so soon after the panic caused by
the corner in B. & H. shares, it caused a general interest throughout
the city.
Public-domain text, read in full here on John Shaqi.
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