When breakfast was over he sauntered out into the market square, where the horse sale was already in progress. The yearlings were being sold first--tall, long-legged, skittish, wild-eyed creatures, who had run free upon the upland pastures, with ragged hair and towsie manes, but hardy, inured to all weathers, and with the makings of splendid hunters and steeplechasers when corn and time had brought them to maturity. They were largely of thoroughbred blood, and were being bought by English dealers, who would invest a few pounds now on what they might sell for fifty guineas in a year, if all went well. It was legitimate speculation, for the horse is a delicate creature, he is afflicted with many ailments, the least accident may destroy his value, he is a certain expense and an uncertain profit, and for one who comes safely to maturity several may bring no return at all. So the English horse-dealers took their risks as they bought up the shaggy Irish yearlings. One man with a ruddy face and a yellow overcoat took them by the dozen, with as much _sang froid_ as if they had been oranges, entering each bargain in a bloated note-book. He bought forty or fifty during the time that Dodds was watching him. “Who is that?” he asked his neighbour, whose spurs and gaiters showed that he was likely to know. The man stared in astonishment at the stranger’s ignorance. “Why, that’s Jim Holloway, the great Jim Holloway,” said he; then, seeing by the blank look upon Dodds’s face that even this information had not helped him much, he went into details. “Sure he’s the head of Holloway & Morland, of London,” said he. “He’s the buying partner, and he buys cheap; and the other stays at home and sells, and he sells dear. He owns more horses than any man in the world, and asks the best money for them. I dare say you’ll find that half of what are sold at the Dunsloe fair this day will go to him, and he’s got such a purse that there’s not a man who can bid against him.” Worlington Dodds watched the doings of the great dealer with interest. He had passed on now to the two-year-olds and three-year-olds, full-grown horses, but still a little loose in the limb and weak in the bone. The London buyer was choosing his animals carefully, but having chosen them, the vigour of his competition drove all other bidders out of it. With a careless nod he would run the figure up five pounds at a time, until he was left in possession of the field. At the same time he was a shrewd observer, and when, as happened more than once, he believed that someone was bidding against him simply in order to run him up, the head would cease suddenly to nod, the note-book would be closed with a snap, and the intruder would be left with a purchase which he did not desire upon his hands. All Dodds’s business instincts were aroused by the tactics of this great operator, and he stood in the crowd watching with the utmost interest all that occurred.