Chicago (Ill.) -- Fiction; Didactic fiction; Domestic fiction; Married people -- Fiction; Psychological fiction; Wheat trade -- Fiction
Jadwin, inevitably, had been again drawn into the troubled waters of
the Pit. Always, as from the very first, a Bear, he had once more
raided the market, and had once more been successful. Two months after
this raid he and Gretry planned still another coup, a deal of greater
magnitude than any they had previously hazarded. Laura, who knew very
little of her husband's affairs--to which he seldom alluded--saw by the
daily papers that at one stage of the affair the "deal" trembled to its
base.
But Jadwin was by now "blooded to the game." He no longer needed
Gretry's urging to spur him. He had developed into a strategist, bold,
of inconceivable effrontery, delighting in the shock of battle, never
more jovial, more daring than when under stress of the most merciless
attack. On this occasion, when the "other side" resorted to the usual
tactics to drive him from the Pit, he led on his enemies to make one
single false step. Instantly--disregarding Gretry's entreaties as to
caution--Jadwin had brought the vast bulk of his entire fortune to
bear, in the manner of a general concentrating his heavy artillery, and
crushed the opposition with appalling swiftness.
He issued from the grapple triumphantly, and it was not till long
afterward that Laura knew how near, for a few hours, he had been to
defeat.
And again the price of wheat declined. In the first week in April, at
the end of the third winter of Jadwin's married life, May wheat was
selling on the floor of the Chicago Board of Trade at sixty-four, the
July option at sixty-five, the September at sixty-six and an eighth.
During February of the same year Jadwin had sold short five hundred
thousand bushels of May. He believed with Gretry and with the majority
of the professional traders that the price would go to sixty.
March passed without any further decline. All through this month and
through the first days of April Jadwin was unusually thoughtful. His
short wheat gave him no concern. He was now so rich that a mere
half-million bushels was not a matter for anxiety. It was the
"situation" that arrested his attention.
In some indefinable way, warned by that blessed sixth sense that had
made him the successful speculator he was, he felt that somewhere, at
some time during the course of the winter, a change had quietly,
gradually come about, that it was even then operating. The conditions
that had prevailed so consistently for three years, were they now to be
shifted a little? He did not know, he could not say. But in the plexus
of financial affairs in which he moved and lived he felt--a difference.
Public-domain text, read in full here on John Shaqi.
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