Hell to countless mortals, as it rolled out of the ticker in the corner of
the office. "Yes, there she goes again--3¾, 4, 4¼ and 1,200 at a half.
There is a tremendous demand from all quarters. Washington's buying is
unlimited; the commission-houses are tumbling over one another to get
aboard and the shorts are scared to a paralysed muteness. They don't know
whether to jump in and cover or to stand their present hands, but they
have no pluck to fight the rise, that is certain. The news bureaus have
just published the story that I am buying for Randolph & Randolph, and
they for the insiders; that the new tariff is as good as passed; and that
at the directors' meeting to-morrow the Sugar dividend will be increased,
and that it is agreed on all sides she won't stop going until she crosses
200. I've been obliged to take on only 18,000 of your 50,000, and at
present prices there is over two hundred thousand profit in them. I think
I could go back there and in thirty minutes have it to 180. Then if I
rested on it until about one o'clock and threw myself at it for real
fireworks up to the close, I could, under cover of them, let slip about
half our purchases, and to-morrow open her with a whirl and let go the
balance. If I'm in luck I'll average 180-185 for the whole bunch, but I'll
be satisfied if I get an average of 175, which would allow me to sell it
on a dropping scale to 160."

I agreed that his campaign was perfect, and Beulah Sands said in her
usual quiet way, "It is entirely in your hands, Mr. Brownley. I don't see
how any advice from us can help."

Bob went back to the Exchange and I into my office. Bob had been right
again. In ten minutes the tape began to scream Sugar. With enormous
transactions it ran up in fifteen minutes to 188, in three more it dropped
to 181, and then steadily mounted to 185½, dulled up, and was healthy
steady. Presently Bob was back and we sat down again.