New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
A few minutes later the Iowa Midland “post” on the floor of the Stock
Exchange was surrounded by a dozen puzzled and apprehensive but
gentlemanly brokers. And still a few minutes later the same spot was a
seething whirlpool of maniacal humanity. It was appalling, the sight of
these gesticulating, yelling, fighting, coat-tearing, fisticuffing
brokers—appalling and vulgar, selfish, unpleasant, ungentlemanly but
eminently typical. And all that caused the transformation was the fact
that Mr. Brown had been seen whispering to Harry Wilson, and Harry
Wilson had left him, gone to the Iowa Midland crowd, and sold 1,000
shares at 42⅛ and 42. Then Mr. Brown had been seen speaking with W. G.
Carleton in what struck witnesses as being a more or less agitated
manner, and later Carleton had sauntered carelessly over to the Iowa
Midland precinct, and, after displaying very great indifference about
the world in general, but most particularly about the market for Iowa
Midland, had sold 1,500 shares to Bagley, the specialist, at 41¾, 41⅝,
and 41½. Mr. Brown was now watched by two or three scores of sharp eyes,
all having the same expression. And he was observed to look about him
apprehensively and then begin to converse with Frank J. Pratt; whereupon
Pratt, as fast as his fat legs would carry him, hastened to “Iowa
Midland” and sold 2,000 shares at an average price of 41. The observant
eyes had by this taken on a new expression—of indecision; but when they
beheld Mr. Brown anxiously beckon to his “particular” friend, Dan
Simpson, and saw shrill-voiced Dan rush like mad into the increasing
crowd and sell 5,000 shares of Iowa Midland, apparently regardless of
price, the observant eyes ceased to observe Brown. Activity was
transferred to their owners’ throats as they thought to emulate Simpson
and the rest of the Brown “whisperees.” Everybody scented danger,
especially as the same “whisperees” had not “given up” the name of Brown
& Greener as the real sellers, but had sold as though each Brown-talked
man was acting for himself—which every other man in the room knew was
out of the question, and which, in turn, increased the general
uneasiness. It was a confident and yet a mystifying movement. It became
more maddeningly perplexing when certain brokers, believed to be “close
to the inside,” also began to sell the stock. Everybody started to do
likewise. And everybody asked the same question—“What’s the matter?”—and
received an avalanche of answers, all different but all unfavorable. One
man said it was crop failures, another mentioned divers kinds of bugs, a
third asserted it was extensive wash-outs and ruinous landslides, and
bankrupting attacks by a socialistic legislature, and receivership
probabilities.
Public-domain text, read in full here on John Shaqi.
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