Banks and banking -- France -- History -- 19th -- Fiction
Both wrote a line in their memorandum-books, and the bargain was
concluded; the first official quotation was established, with a rise of
ten francs over the quotation of the day before. Mazaud stepped aside,
to give the figure to the quoter who had the Universal on his register.
Then, for twenty minutes, there was a perfect flood-gate opened:
the quotations of other stocks were likewise established; all the
business which the brokers had in hand was transacted without any great
variations in prices. And meanwhile the quoters, perched aloft, between
the uproar of the _corbeille_ and that of the Cash market, which was
also feverishly busy, were scarce able to make entries of all the new
figures thrown at them by the brokers and the clerks. In the rear, the
Rente market was simply raging. Since the opening of the market there
was no longer the mere roar of the crowd, similar to the continuous
sound of flowing waters, for above all this formidable rumbling there
now rose the discordant cries of offer and demand, a characteristic
yelping, which rose, and fell, and paused, to begin again in unequal,
grating accents, like the cries of birds of pillage in a tempest.
With a smile on his face, Saccard still stood near his pillar. His
court had grown yet larger; the rise of ten francs in Universals had
just filled the Bourse with excitement, for it had long been predicted
that on settling day there would be a crash. Huret had approached with
Sédille and Kolb, pretending to regret his prudence, which had led
him to sell his shares at the price of twenty-five hundred francs;
while Daigremont, wearing an air of unconcern, as he walked about
arm-in-arm with the Marquis de Bohain, gaily explained to him why it
was that his stable had been defeated at the autumn races. But, above
all, Maugendre triumphed, and sought to overwhelm Captain Chave, who
persisted nevertheless in his pessimism, saying it was necessary to
await the end, which he still believed would be disaster. A similar
scene was enacted by the boastful Pillerault and the melancholy Moser,
the former radiant over this insane rise, the latter clenching his
fists and talking of this stubborn, foolish rise as of some mad animal
which, whatever its efforts might be, was certain to be slaughtered
eventually.
An hour went by, the quotations remaining much the same; transactions
went on at the _corbeille_ in proportion as fresh orders were given or
fresh telegrams arrived. Business was less brisk, however, than at the
outset. Towards the middle of each day's Bourse there is a similar lull
in the transactions, a spell of calmness prior to the decisive struggle
over the last quotations. Nevertheless, Jacoby's roar and Mazaud's
shrill notes were always to be heard, both brokers being very busy with
'options.'
'I have Universals at three thousand and forty, of which fifteen!'
shouted one.
'I take Universals at three thousand and forty, of which ten,' replied
the other.
'How many?'
Public-domain text, read in full here on John Shaqi.
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