The ProfiteersOppenheim, E. Phillips (Edward Phillips)
General
The Profiteers
Oppenheim, E. Phillips (Edward Phillips)
Detective and mystery stories
"There's been foul play!" Dredlinton cried hoarsely. "His servant is
sure of it!"
Wingate picked up his hat and stick and moved towards the door. From the
threshold he looked back, waiting whilst Josephine joined him.
"Youth," he said calmly, "must be served. Stanley Rees was, I believe,
the youngest director on the Board of the British and Imperial Granaries.
Now, if you like, Mr. Phipps, I'll come on to your market. I'm a seller
of a hundred thousand bushels of wheat at to-day's price."
"Go to hell!" Phipps shouted, his face black with rage.
CHAPTER XVI
Roger Kendrick was in and disengaged when Wingate called upon him, a few
minutes later. He welcomed his visitor cordially.
"That was a pretty good list you gave me the other day, Wingate," he
remarked, "You've made money. You're making it still."
"Good!" Wingate commented, with a nod of satisfaction. "I dare say I
shall need it all. Close up everything, Kendrick."
"The devil! One or two of your things are going strong, you know."
"Take profits and close up," Wingate directed. "I've another
commission for you."
"One moment, then."
Kendrick hurried into the outer office and gave some brief instructions.
His client picked up the tape and studied it until his return.
"How are things in the House?" Wingate enquired, as he resumed his seat.
"Uneasy," Kendrick replied. "B. & I.'s are the chief feature. They
show signs of weakness, owing to the questions in the House of
Commons last night."
"I'm a bear on B. & I.'s," Wingate declared. "What are they to-day?"
"They opened at five and a quarter. Half-an-hour ago they were being
offered at five and an eighth."
"Very well," Wingate replied, "sell."
"How many?"
"No limit. Simply sell."
The broker was a little startled.
"Do you know anything?" he asked.
"Nothing definite. I've been studying their methods for some time. What
they've been trying to do practically is to corner wheat. No one has ever
succeeded in doing it yet. I don't think they will. My belief is that
they are coming to the end of their tether, and there is still a large
shipment of wheat which will be afloat next week."
Kendrick answered an enquiry through the telephone and leaned back in
his chair.
"Wingate," he said, "I'm not sure that I actually agree with you about
the B. & I. They have a wonderful system of subsidiary companies, and
their holdings of wheat throughout the country are enormous,--all bought,
mind you, at much below to-day's price. If they were to realise to-day,
they'd realise an enormous profit. Personally, it seems to me that
they've made their money and they can realise practically when they like.
The price of wheat can't slump sufficiently to put them in Queer Street."
"The price of wheat is coming down, though, and coming down within the
next ten days," Wingate pronounced.
Kendrick stretched out his hand towards the cigarettes and passed the box
across to his friend.
Public-domain text, read in full here on John Shaqi.
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