Islands -- Fiction; Love stories; New England -- Fiction; Swindlers and swindling -- Fiction
A few other great cities have their lesser Wall streets, and where
Weston & Hill, like a deadly upas tree, flourished for a time, a mimic
Wall Street existed. It had its clique of bulls and bears, its _Market
News_, its leaders, large and small, its daily contest of lies and money
power, and though Weston & Hill were not among its members, their
broker, Simmons, was--an active and unscrupulous mouthpiece, ready to
fleece all fellow-brokers, or the firm he acted for, if necessary. He
had bought or sold Rockhaven stock, as its prime mover, Weston,
directed; circulated lies galore for three months; and by the occult
process of manipulation had slowly worked the price up from one to ten
dollars per share, and had so colored his lies and so managed the
deal--now selling a thousand shares quietly, then buying them back
ostentatiously--that, as the phrase goes, "the street was kept guessing
all the time."
Some believed it was a good investment; more felt sure it was a
"wildcat," and that soon or late the bubble would burst and the stock go
down to rise no more. Only Simmons and Weston knew what was to be the
outcome, but neither was likely to tell. More than that, they knew how
much stock was in actual circulation or held by the street, and beyond
that, a close approximation of how great a short interest had accrued.
Each day since Rockhaven had been quoted at all, Simmons had made entry
of all recorded sales, and knowing how much had been issued and how much
bought in by himself, endeavored to keep track of it. It was fallacious,
for the same stock might be bought and sold a hundred times, and the
long and short disparity remain the same. One thing he knew,--how much
had actually been sold, and out of this (a matter of thirty thousand)
fully twenty thousand, he believed, would never be heard of on the
street.
But he reckoned without Winn Hardy.
Public-domain text, read in full here on John Shaqi.
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