He made Tavistock repeat all the orders he had given him, to assure
himself he had not been misunderstood. As he listened to the rehearsal
of his own shrewd plans his eyes sparkled. "I'll bag the last----of
them," he muttered, and his lips twisted into a smile at which Culver
winced.
When the ticker clicked the first quotation of Great Lakes Dumont said:
"Now, clear out, Culver! And shut the door after you, and let no one
interrupt me until I call." He wished to have no restraint upon his
thoughts, no eyes to watch his face, no ears to hear what the fortune
of the battle might wring from him.
As the ticker pushed out the news of the early declines and recoveries
in Great Lakes, Tavistock leading the Fanning-Smith crowd on to make
heavier and heavier plunges, Dumont could see in imagination the
battle-field--the floor of the Stock Exchange--as plainly as if he were
there.
The battle began with a languid cannonade between the two seemingly
opposed parts of Dumont's army. Under cover of this he captured most
of the available actual shares of Great Lakes--valuable aids toward
making his position, his "corner," impregnable. But before he had
accomplished his full purpose Zabriskie, nominal lieutenant-commander,
actual commander of the Fanning-Smith forces, advanced to give battle.
Instead of becoming suspicious at the steadiness of the price under his
attacks upon it, Zabriskie was lured on to sell more of those Great
Lakes shares which he did not have. And he beamed from his masked
position as he thought of the batteries he was holding in reserve for
his grand movement to batter down the price of the stock late in the
day, and capture these backers of the property that was supposed to be
under the protection of the high and honorable Fanning-Smiths.
He was still thinking along this line, as he stood aloof and apparently
disinterested, when Dumont began to close in upon him. Zabriskie,
astonished by this sudden tremendous fire, was alarmed when under its
protection the price advanced. He assaulted in force with large
selling orders; but the price pushed on and the fierce cannonade of
larger and larger buying orders kept up. When Great Lakes had mounted
in a dozen bounds from one hundred and seven to one hundred and
thirty-nine, he for the first time realized that he was facing not an
unorganized speculating public but a compact army, directed by a single
mind to a single purpose. "A lunatic--a lot of lunatics," he said,
having not the faintest suspicion of the reason for the creation of
these conditions of frenzy. Still, if this rise continued or was not
reversed the Fanning-Smiths would be ruined--by whom? "Some of those
Chicago bluffers," he finally decided. "I must throw a scare into I
them."
Public-domain text, read in full here on John Shaqi.
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