New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
And still Sharpe, wonderful man that he was, gave no sign that he was
about to begin unloading. Whereupon the other members of the pool began
to wish he were not quite so greedy. They were satisfied to quit, they
said. The presence of the pool’s stock in their offices began to
irritate them. They knew the vicissitudes of life, the uncertainties of
politics, and of the stock market. Supposing some crazy anarchist blew
up the President of the United States, or the Emperor of Germany were to
insult his grandmother, the market would “break” to pieces, and their
$4,000,000 of paper profits would disappear. They implored, individually
and collectively, Mr. Jacob Greenbaum to call on Sharpe; and Greenbaum,
disregarding a still, small voice that warned him against it, went to
Sharpe’s office, and came out of it, two minutes later, somewhat
flushed, and assured his colleagues one by one that Sharpe was all
right, and that he seemed to know his business. Also, that he was cranky
that day. He always was, added Greenbaum forgivingly, when one of his
horses lost a race.
The stock fluctuated between 60 and 65. It seemed to be having a resting
spell. But as it had enjoyed these periods of repose on three several
occasions during the rise—at 40 and 48 and 56–-the public became all the
more eager to buy it whenever it fell to 60 or 59, for the Street was
now full of tips that “Turp” would go to par. And such was the public’s
speculative temper and Mr. Sharpe’s good work that disinterested
observers were convinced the stock would surely sell above 90 at the
very least. Mr. Sharpe still bought and sold, but he sold twice as much
as he bought, and the big block he had been obliged to take in the
course of his manipulation diminished. On the next day he hoped to begin
selling the pool stock.
That very day Mr. Greenbaum, as he returned to his office from his
luncheon, felt well pleased with the meal and therefore with himself and
therefore with everything. He scanned a yard or two of the tape and
smiled. “Turp” was certainly very active and very strong.
“In such a market,” thought Mr. Greenbaum, “Sharpe can’t possibly tell
he’s getting stock from me. In order to be on the safe side I’m going to
let him have a couple of thousand. Then, should anything happen, I’d be
that much ahead. Ike!” he called to a clerk.
“Yes, sir.”
“Sell two—wait; make it 3,000–-no, never mind. Send for Mr. Ed Lazarus.”
And he muttered to himself, with a sub-thrill of pleasure: “I can just
as well as not make it 5,000 shares.”
“Eddie,” he said to his partner’s son, “give an order to some of the
room traders, say to Willie Schiff, to sell five—er—six—tell him to sell
7,000 shares of Turpentine and to borrow the stock. I am not selling a
share, see?” with a wink. “It’s short selling by him, do you
understand?”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account