Banks and banking -- France -- History -- 19th -- Fiction
And he came back to the groups of brokers, who had now mustered in
full force. There were sixty of them all told, and, in spite of the
regulations, they were already doing business among themselves, at the
mean quotation of the day before, whilst waiting for the ringing of
the bell. Orders given at a predetermined fixed rate did not influence
the market, since it was necessary to wait until this rate should be
quoted; it was the orders to buy or sell on the best terms available,
the execution of which was left to the broker's judgment, that provoked
the continual oscillations in one or the other sense. A good broker
should be possessed of shrewdness and foresight, a quick head, and
agile muscles--for rapidity often ensures success--to say nothing
of the necessity of having a good connection in the banking world,
of securing information from all parts, and particularly of being
the first to receive telegrams from the provincial and foreign money
markets. And in addition to all this, a strong voice is needed, in
order to be able to shout loudly.
One o'clock struck, however; the peal of the bell passed like a gust
of wind over the surging sea of heads, and the last vibration had not
died away when Jacoby, with both hands resting on the velvet-covered
handrail, shouted in a roaring voice, the loudest of the whole
corporation of stockbrokers: 'I have Universals! I have Universals!'
He did not name any price, but waited to be interrogated. The sixty
brokers had drawn near and formed a circle around the _corbeille_,
where a few _fiches_, just thrown away, had already set spots of
bright colour. Face to face, the brokers, like duellists at the outset
of a fray, scrutinised one another, eager to see the first quotation
established.
'I have Universals!' repeated Jacoby in his deep, thundering voice: 'I
have Universals!'
'What price Universals?' asked Mazaud, in a voice which, albeit thin,
was so shrill that it dominated his colleague's in the same way as the
strain of a flute rises above a violoncello accompaniment.
Delarocque proposed the last quotation of the previous day. 'At three
thousand and thirty I take Universals!' he bawled.
But another broker at once intervened with a higher bid: 'At three
thousand and thirty-five deliver Universals!'
This was the _coulisse_ price, just coming in and preventing the deal
which Delarocque had doubtless intended to make: a purchase at the
_corbeille_ and a prompt sale at the _coulisse_, so as to secure the
five francs' rise.
Accordingly, Mazaud, feeling certain that Saccard would approve of it,
made up his mind to carry matters further. 'At three thousand and forty
I take! Deliver Universals at three thousand and forty!'
'How many?' asked Jacoby.
'Three hundred.'
Public-domain text, read in full here on John Shaqi.
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