The Pit by Frank Norris
page 112 of 495 (22%)
page 112 of 495 (22%)
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Leaycraft and the Porteous trio, Fairchild, Paterson, and Goodlock,
shook their heads when the Pit offered ninety-four for parts of their holdings. The price held firm. Goodlock even began to offer ninety-four. At every suspicion of a flurry Grossmann, always with the same gesture as though hurling a javelin, always with the same lamentable wail of distress, cried out: "'Sell twenty-five May at ninety-five and a fourth." He held his five fingers spread to indicate the number of "contracts," or lots of five thousand bushels, which he wished to sell, each finger representing one "contract." And it was at this moment that selling orders began suddenly to pour in upon the Gretry-Converse traders. Even other houses--Teller and West, Burbank & Co., Mattieson and Knight--received their share. The movement was inexplicable, puzzling. With a powerful Bull clique dominating the trading and every prospect of a strong market, who was it who ventured to sell short? Landry among others found himself commissioned to sell. His orders were to unload three hundred thousand bushels on any advance over and above ninety-four. He kept his eye on Leaycraft, certain that he would force up the figure. But, as it happened, it was not Leaycraft but the Porteous trio who made the advance. Standing in the centre of the Pit, Patterson suddenly flung up his hand and drew it towards him, clutching the air--the conventional gesture of the buyer. "'Give an eighth for May." |
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