The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1903-01-03
l.. KIDNAPPED
MILLIONAIRES
A Tale of Wall Street
and the Tropics - q
BY FREDERICK u. ADAMS
Copyright. 1891, by Lothrop Publishing Company.
All rights reserved.
CHAPTER ~.

chattering ticker, by an interval ex-
ceeding half minute. AS the hour
of two approached, the little machine
became furious in it's efforts to keep
pace with the operations of the
sweating, swearing and struggling
brokers, two blocks away. Mr.. Kent
let the tape slide through his fingers
and read record which translated
was as follows: 5000 shares Sugar
14oH.-2,2Oo Sugar $4,000 Sugar
14sH-7oo i. & o. 1o7A-1,1oo B. & o.
1o7-2,sOo j. & o. 1061s-5oo B. & o.
1O6-3,2oO St. Paul 171-4,OOO St. Paul
170H--5Oo st. Paul 100000 St. Paul
16sA-1,4O0 Metropolitan 173A-9Oo
Metropolitan 172h-1,6OO Metropoli-
tan 1?lN-4, 900 Jersey Central 1917
500 Jersey Central 15s%-1,7OO Jer-
sey Central 1855 Jersey Central
15sN-2,4oo Sugar 1475s-s0O Sugar
147.'
Mr., Kent stepped to his private
telephone.
who is selling that sugar?" he
asked. his broker.
'sStrcet G. Rogers are selling most
Of it now. Brokers for Morris G.
Hauser of Boston, and Wright & Fan
ming of Chicago have also been sell
ing it. These houses have been SELL
ing St. Paul, Jersey Central, Balti-
more e Ohio, Metropolitan, Steel and
Iron and other Stocks" was the
prompt answer. II advised the Office
of it some time ago.
"Who is the selling for?"
emo one seems to know"
what do Haven's brokers say?"
'"They seem to be up in the air.
They are still buying Sugar"
s'All right. Goodbye"
Mr.. Kent called up Mr.. Haven, the
great sugar magnatc.
sWhat in the devil is the matter
with your Sugar stock?" he demand
ed.
II don't know" was the response
"It's all right. ] am buying it as fast
as it is offered. What is it now?"
Mr.. Kent examined the tape.
Zone hundrc! and forty-eight and
a quarter" he replied. ''It has been
down to 146N but has recovered
some. Who is doing that selling?'
"Sure I don't know" answered Mr..
Haven with some impotence. 'Prob-
ably some one taking profits. 1t will
go up again."
"All right. Thank you. Goodbye"
Mr.. Kent studied the tape for .
few moments. The market was
slowly steadying. The public was
obeying the mandate, "buy on every
reaction" Mr.. Kent pondcred deep.
ly. He rang Il bell.
"How much Sugar have L bought?'
he demanded of his private book.
keeper.
''Forty-threc thousand shares
was the reply.
1T will average about 142, will il
not?'
The bookkeepcr produced Il slip OF
paper. ran his eye over the figures
made Il rapid calculation, and said
that the average price paid for this
line of Sugar stock was 142M
very we'll: that is ALL" Mr. Kent
said. ....
He called up his broker who rep,
resented him on the floor of the
Stock Exchange.
Sell all the Sugar you can with
out breaking the Market" he com
Inanded in a voice that could not be
heard ten feet away. Wall Street is
all ears. ''There is good buying just
la,
them out at The start, but keep busy
Sell at least $4,000 shares before you
close, no matter what happens. When
you have sold 10000 shares, offer 1t
in 1000. 1000 and 5000 lots.
The broker repeated the order
quickly so as there could be no mis-
take. Mr.. Kent returned to the
ticker.
Some one taking profits, eh?'
muttercd Mr.. Kent as he paced the
floor, ncrvously chewing the end OF
an unlighted cigar. "I'll show them
how to take profits! They must
think J. am in my second childhood
They have an idea am going to
hold the bag, do they? This is the
way they keep their agreement" He
rang the bell furiously.
How much i. & O. have II"
Fifteen thousand shares at al
average of 3d." was the reply.
Wire Brown a. Addy of Boston
to sell me 10000 Il. & o. at the mar
ket. Send word to Blake g. Co. Of
Chicago, to sell me $4,000 St. Paul q,
the market. Rush! hurry!"
He was at the private telephon,
again.
Glow much Sugar have you sold?'
Twenty-Five thousand. 1t ha,
broken Il point and n half"
CHATS all right. Put it out i,
1000 and 5000 lots. Sell me $4,000
shares of Metropolitan ut the mar
ket. Got it? That's right. Good
bye"
The ticker was singing like a sew
ing machine. Sugar, B. & o., 81
Paul, Jersey Central, metropolitan
Steel and Iron and other stocks cam
out in blocks of from 1000 to 400
and even 5000 lots. But the marke
held remarkably well. There wa
mot cloud in the sky" and the pub
lie was summing itself. But eve
their guileless optimism could no
withstand the impact of the mystel
ious interest which had been sellin
hundreds of thousands of shares o
Saturday and during the present ses
sion, reinforced as it was by the ell
ragged Mr.. Kent, who ascribed thi
selling to the perfidy of his asso
ciates. When the days battle wa