The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1903-03-18
When Cupid Stopped
q Drive.
HE magnate was o SATISFIED
= man. As he sat in his library
that night. November II. 1902.
A Stock Market Story.

aged to shake out the well held stocks
that Mr.. Gates and his associates had
guarded % long and well. At 8 o'clock
that day the street was certain that
the tremendous liquidation Of the Mon
day ard Tuesday following the cele-
brated drive In Steel preferred a
lust about cleared the Gates treasures
Of stock. Certainly one Of the Eastern
magnates had good reason TO be sat
isfed. The Western crowd had been
taught the very lesson they had fondly
thought they were teaching the East
ern magnates. It was very well.
One thing alone troubled the mag
nate who sat in his library. To be
sure the Western pool had been taught
ite lesson, but there was another out
side pool'' that this particular magnate
hated nightly. And he had reason.
He had been one Of those who sold Ca
cadian Pacific at $50 and who covered
at 140 Therefore Messrs. Cox ct al
had earned his hatred. Yet was the
pool intact, and men In the street-who
knew the hidden m~ysteries-said that
the Canadian Pacific pool was likely to
stay intact
.Nvhat 10 It that you're thinking Of SO
hard, dnddy?' asked the girl who sat
In the big red leather chair opposite the
IRE. She threw her book away as
che asked the question.
Nothing much" said he; II was
wondering how long Ransom was go
ing to be away"
"Oh, stocks-it's always stocks. isn't
III why can't you let them 60 for an
hour or two? They'll kill you after q
while.n
.Ok, I guess not-not-conle In"
This last a. q knock at the door at
tyacted his attention.
The butler entered with q silver
tray ON which was q card. The mag
nate smiled a. he read II.
TEL him to come up here. No. don't
20, Dottie, It's only Ransom. We
talk with you here just as well. /
wang to see him n particular. You
needn't 60"
"well. IN listen to your stock talk.
I wish I knew something about 1t. It's
an Greek to me. How do you do, Mr..
Ransom! I'm going to stay and hear
all the funny things you say"
A yoanglookins man he was. this
~cleverest Of the floor traders who lived
by the orders Of the Great Pool. He
smiled ut her as she offered him her
hand. Then he turned to the magnate.
az got II. They are secretive, these
Canadians. and they cost money, but !
got II. / think that We can win"
"Yes-but how? Where Ii the soft
spctf"
Toronto. Mr.. A, to be exact.
Here Ii the situation: He fs carrying
about all the G. p. that he can carry at
present. and It averages him about 135.
he win hold 1t on slight rec~essions. !
know, and we may set him. One Of
them WIN do, Of course, for the pools
10 limited In number that n Of them
going win break the stuff probably
fifteen points, and that will get num-
Der two. We can force this one out at
125. I am sure Of II. ! saw q trans
crtpt Of his books. In fact. I have it
here. Would you like to see IT."
.Oh, NO. You have done very well.
We shall do the trick on Thursday and
Friday. Wire KDowlton to clean up
the cash In Toronto as well as he can
tomorrow. He hes ali the collateral
to get Eve million or so out Of the
banks. That win make it surer. We
shall put Canadian Pacific to 100 II
necessary. 1t win be q relief to clear
them out"
The SPY left the room. He and the
magnate had failed to notice the sud
den start Of the girl at the word
Toronto" and her rapt attention as
the conversation progressed.
Daddy, what r you going to do:"
she asked, when they two were alone.
The magnate chuckled. Just a little
bit Of strategy. my dear. in the market.
We want to make some Canadians
sell their stocks. that's all. We are
going to do It on Thursday"
"And win they lose much money!"
she asked.
Probably what they have in the
market. They won't let 60. They will
hold on, I guess. looking for q rally.
The stock always rallies"
Invcluntarily he talked as he
thought. He was sizing up the pros
pect for a stampede. and he thought
there would be ncne, but that his en-.
emies would hang on grimly till at last
they lost the last dollar in %marginins
their dropping stocks. Therefore he
smiled.
Five minutes later she kissed him
GOOD night and went away to her
room. There was q troubled look on
her face. She took from a drawer a
letter, and sat on the edge Of a couch
to read Il. Here Is q part Of what
she read:
II am in Canadian Pacific for every
dollar / have In the world. It's down,
but we all think 1t will soon SO up
again. II 1t does not-well-I hate to
think Of the things It means for me,
sweetheart. II It doesn't-you don't
know how long a time you and I must
malt. Perhaps for alwaya'