Lexington gazette. [volume] (Lexington, Va.) 1871-1962, 1902-10-22


some sort of bonanza had been strucl
and that the old man was holding bacl
for a financial coup; hence Hawley'l
card was matter Of great interest t.
the brokers, and Philbig hurried out al
fast as his Eat legs would let him.
How do you do, Mr.. Hawley? Let
me congratulated
"How muth is Evening Star listed a,
now| interrupted Hawley hurriedly
and, 1t seemed, impatiently. Phillips
eyes opened, and he was all attention
AT fifty" replied the broker
"Fifty!' said Hawley, and q CLEAN
of the most intense satisfaction shone
in his eyes. well, then. wish you
would buy for me 500 shares at once.
Margin. yes will write check at
once-deveIopments-eh? Well, | am
not ready to say anything now. and,
Mr.. Philbig, If you'll make the pur-
chase as quietly as possible. so as not
to excite the-you know"
Philbig rushed off to the floor and
offered to buy 1000 shares Of Evening
Star for 80. Hawley had ordered only
500 shares, but Philbig thought he
could see through stone wall on GER
tain occasions and doubled the order
on his own account. And the other
brokers. who had been anxiously
awaiting any news which Hawley
proxied by Philbig might have to tell
of the Evening Star, listened in dunn.
founded amazement to the transaction
Of 1000 shares and then tumbled over
each other in their efforts to acquire
the same stock.
Now, the floating supply was limited
since the majority of the stock was
owned and controlled by Mr.. Wilson,
and it was not very long before there
was no more stock to buy on that ex-
change. BY that time the price had
gone up to 80, however
Then Hawley, who had gone out,
came back, again in hurry, and, call
ing out Philbig, told him to buy for
him another 500 shares. Philbig was
sorry, but said he could not do it, as
the local supply was exhausted.
"yery WELL" replied the young man,
81 Will send a telegram to my New
York broker. Perhaps there are few
shares floating about the east" And
on second thought, "I'll send tele-
gram to Frisco as we'll"
Philbig said nothing of his personal
purchase. He went I'm and reported
to his fellow brokers, and Immediately
they pushed each other about and
shouted the price up five points higher.
Hawley sent note to Philbig order
ing him to quietly unload his 500 shares
at the market price of SO share. Phil
big seemed reluctant and, not wishing
to disturb the market by such a sale,
merely transferred Hawley's account
to his own name, a transaction which
netted the young man profit OF 500
on each of his 500 shares.
Naturally such furry in the stock
of the Evening Star became the talk
of the mining circles, and IT soon
reached the ears Of Mr.. Wilson, who
came down to the Springs in hurry
to seek the source of the trouble. He
was a plain miner, after all, and this
sudden rise in the value of his proper
ty was not according to his orthodox
plans. Hawley heard of his coming
and sent to another broker. not Phil
big, and gave him an order to "sell'
500 shares of Evening Star stock short
This broker borrowed the stock, most
ly from Philbig, and sold it short for
delivery later or course the sale de-
pressed the price somewhat, but the
500 went off at an average of so, and
Hawley was very well satisfied.
Mr.. Wilson went into the exchange
and was at once surrounded by a
crowd of brokers, who importuned him
20 tell them all about the bonanza he
lad struck in his mine.
"Bonanzar cried the old man. 'Who |
says ! struck a bonanzaY
"Why, Mr. Hawley came here after
visiting your mine and"-
"Hawley! Has he said anything |
bout
mo, he didn't say anything. But |
would man rush in here and buy
100 shares of an inactive stock unless
lie thought ii was going to mOve?
"Hawley bought 500 shares of my
took" exclaimed the old man, with
Wrinkle in his eye. "Oh, see. And
'ou all bit the bait, did you? Well, let
ne tell you that there amt any bonan-
a. My mine is runnin along regular,
ust as it's been dom for years and
ust as ii will do for years to come.
Iawley, hey? Well, who would have
bought it of him? Bought 500 shares
t 50 and sold out at S5 Well, that
cts him over S17000-Oh, did he sell
hort again at an average of 80, expect
a. the price to drop again? Well, sir,
III drop. The only reason | don't let
eople in my mine is because | don't
rant my machinery copied before |
ct my patent papers. See? That
lawley, though-well, blest IL |
lought it was in him! Smart fellow
latw
The bottom fell out of the boom at
nee. The Evening Star stock drop
ed back to 80 when Hawley covered
is short sale at profit of 80 points,
'hch, added to the S17,500 already /
lade by him, left him richer by $32,-
DO ,
And for once the gossips were right,
)r that. after all, was what settled Ii
,r him and Mary.
Needed, Too, Apparently.
what do you under
and by brain work?
q man works with his &