New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
He was ruined anyhow. If he failed without further ado, that is, without
increasing his liabilities, he would be cursed by twenty-five of his
customers and by fifteen of his fellow-brokers who were “lending” stocks
to him. But if he made one last desperate effort, he might pull out of
the hole; or, at the worst, why, the number of cursing customers would
remain the same, but the fellow-brokers would rise to twenty or thirty.
He took another stiff drink. The market had become undoubtedly a bull
market. The bears had been fighting the advance, and there still
remained a stubborn short interest in certain stocks, as, for example,
in American Sugar Company stock. Now if that short interest could be
stampeded it might mean an eight or ten-point advance. If he bought
10,000 or 15,000 shares and sold them at an average profit of four or
five points, he would put off the disaster, and if he made ten points he
would be a great operator. He had, to be sure, no business to buy even
1,000 shares of Sugar; but then he had no business to be on the verge of
bankruptcy.
The liquor was potent. Sally said to himself, aggrievedly: “I might as
well be hung for a flock as for one measly old mutton.”
He walked a trifle unsteadily from “Fred’s” across the narrow asphalted
New Street to the Stock Exchange. He paused at the entrance. There was
no escape. Unless he could make a lucky strike, he would fail
ignominiously.
“Pike’s Peak or bust!” he muttered to himself, and walked into the big
room.
“Good-morning, Mr. Hayward,” said the doorkeeper. Hayward nodded
absently, caught himself repeating, “Pike’s Peak or bust!” and walked
straight toward the Sugar post.
Public-domain text, read in full here on John Shaqi.
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