Freeland tribune. (Freeland, Pa.) 1888-1921, 1903-05-11
When Cupid Stopped
a Drive.
w HE magnate was satisfied
man. AS he sat in his library
+bot piobt Novap,bo,. II 1000
A Stock Market Story.

that night, November II, 1902,
to be exact, he could not help
but think that things were well with
him. He and his associates had man.
aged to shake out the well held stocks
that Mr.. Gates and his associates had
guarded so long and well. At 3 o'clock
that day the street was certain that
the tremendous liquidation of the Mon
day and Tuesday following the cele-
brated drive in Steel preferred had
Just about cleared the Gates treasures
ST stock. Certainly one of the Eastern
nagnates had good reason to be sat
}Stied. The Western crowd had been
saught the very lesson they had fondly
Thought they We're teaching the East
Nm magnates. 1t was very well.
One thing alone troubled the mag
late who sat in his library. To be
ture the Western pool had been taught
Its lesson but there was another out
ilde pooP' that this particular magnate
pated nightly. And he had reason.
He had been one of those who sold Ca
ladan Pacific at $50 and who covered
1T 40. Therefore Messrs Cox ct al.
had earned his hatred Yet was the
pool intact, and men in the street-who
knew the hidden mysteries-said that
the Canadian Pacific pool was likely to
stay intact.
"What is it that you're thinking of so
hard, daddy" asked the girl who sat
In the big red leather chair opposite the
fire. She threw her book away as
she asked the question.
Nothing much" said he; 81 was
wondering how long Ransom was 60
Ing to be away"
"Oh. stocks-it's always stocks, isn't
1t? Why can't you let them 90 for an
hour or two? They'll kill you after
while"
"Oh, l guess not-not-come inw
This last as a knock at the door at
tracted his attention.
The butler entered with a silver
tray on which was a card. The mag
nate smiled as he read it.
"Tell him to come up here. No, don't
go, Dottie, it's only Ransom. We can
talk with you here just as we'll
want to see him n particular. You
needn't 60"
"Well I'll listen TO your stock talk
I wish knew something about it. It's
all Greek to me. How do you do, Mr.
Ransom! I'm going to stay and hear
all the funny things you say"
A young-looking man he was, this
cleverest of the floor traders who lived
by the orders of the Great Pool. He
smiled at her as she offered him her
hand. Then he turned to the magnate.
81 got it. They are secretive, these
Canadians, and they cost money, but 1
got it. l think that we can win"
"Yes-but how? Where is the soft
spot" .@e ',s''.-.ssi
Toronto. Mr.. A, to be exact.
Here is the situation: He is carrying
about all the G. p that he can carry at
present, and it averages him about 135.
He will hold it on slight recessions, l
know, and we may get him. One of
hem will do, of course, for the POOLS
80 limited in number that one of them
going will break the stuff probably
Fifteen points, and that will get num-
Der two. We can force this one out at
I25. l am sure of it. l saw a trans
cript of his books. In fact, 1 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 Knowlton to clean up
The cash in Toronto as well as he can
tomorrow. He has all the collateral
to get five million or so out Of the
banks. That will make it surer We
shall put Canadian Pacific to 100 if
necessary. 1t will be a 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 are you going to dog
she asked, when they two were alone.
The magnate chuckled. "Just 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 will 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 a rally.
The stock always rallies"
Involuntarily he talked as he
thought He was sizing up the pros
pect for n stampede, and he thought
there would be none, but that his en-
.emies would hang on grimly till at.last
they lost the last dollar. iu margining