A Deal in Wheat and Other Stories of the New and Old West by Frank Norris
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page 11 of 186 (05%)
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it upon them.
"Wire the Chief," said Going over his shoulder to Merriam. This one struggled out of the crowd, and on a telegraph blank scribbled: "Strong bear movement--New man--Kennedy--Selling in lots of five contracts--Chicago receipts twenty-five thousand." The message was despatched, and in a few moments the answer came back, laconic, of military terseness: "Support the market." And Going obeyed, Merriam and Kimbark following, the new broker fairly throwing the wheat at them in thousand-bushel lots. "Sell May at 'fifty; sell May; sell May." A moment's indecision, an instant's hesitation, the first faint suggestion of weakness, and the market would have broken under them. But for the better part of four hours they stood their ground, taking all that was offered, in constant communication with the Chief, and from time to time stimulated and steadied by his brief, unvarying command: "Support the market." At the close of the session they had bought in the twenty-five thousand bushels of May. Hornung's position was as stable as a rock, and the price closed even with the opening figure--one dollar and a half. But the morning's work was the talk of all La Salle Street. Who was back |
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