The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-02-07

helms extremely handsome wife want
ed a necklace and wanted il at once;
also she wanted 81 Of filbert-sized dia-
monds Lindheim, TO his everlasting
credit. demonstrated and told her:
/ Wait until the pool realizes, sweet
heart. 1 don't know at what price that
viii be. for Sharpe says nothing But
/ know wen make something hand
some, and so will you. III give you
500 shares at 80. There
Lend me the money now. and III
pay il back to yoT when you give me
what I make on the DEAL, she said,
/ with fine tinality And seeing hesita-
ton in Bob's face, she added, solemnly:
Honest, 1 win, Bob. III pay you back
every cent. this time.
4Iu think about it, said Bob. He
always said that when he had capitu-
lated, and she knew it, and so she said,
nagnanimously' VERY well, dear"
Lindheim thought 1000 shares would
90 it, SO he decided to sell a thousand
the next day, for you can never tel
what may happen, and accidents sell
dom help the bulls. But as he thought
of it in his Office more calmly more
! deliberately, away from MS wife and
from the influence she exercised over
him. it struck him forcibly that it was
wrong to sell 1000 shares of TuTpentine
stock He might as we'll as not make
/ It $500; and he did He was really q
modest fellow, and very young. His
wife's cousin sold the stock for him, APP
I parently short.
Total breach Of faith, 17.5o0 shares.
The market stood it well. sharpe was
| certainly a wonderful chap.
Unfortunately. Morris Steinfelder de-
/ cided to sell 1900 "Turp." and did SO.
~ l.~ar 1T
On his sale. Sc he sold another 1,J0y
and, as d sort Of parting shot, 500
/ shares more. All this through an I'M
suspected broker.
Total breach Of faith, y ,0C0 shares.
The market was but slightly affected.
Then Louis Refs Of Refs & Stern,
! Andy Fischel Of kohn F'ischel &
/ Co: Hugo Zeman Of Zenan Bros. and
| joe Shafran of ROsenthal. Shaffran
| & Co. all thought they could break
/ their pledges TO Sharpe with impunity
/ and each sold to be on the safe side.
! This last lump figured up %, 400 shares.
Total breach Of faith, S1,400 shares.
The market did not take Il we'll
Sharpe. endeavOring TO realize on the
remainder of his manipulative puF-
| chases, found that some one had been
| there before him.
! An accurate list Of the buyers and
/ sellers was sent in every day by his
/ lieutenants, for all but the most skill
/ full operators invariably betray them
| selves when they attempt to sell big
/ block OF stock. He scanned it very
/ carefully now, and nut two and two
| together; and he made certain inquiries
and put four and four togetheT-fouT
: names and four other names. He saw
| through the time-wcru device Of the
/ fictitious short selling. He knew the
only people Who would dare sell such
/ a large amount must be his colleagues.
/ He also was convinced that their breach
| of faith was not q concerted effort, be-
| cause If they had discussed the matter
/ they would have sold a smaller quenti'
! ty. He knew whore nearly every share
! of the stock was It was his business
/ TO know everything about it.
Two he said 10 his secretary. "may
play at that game" And he began to
play.
| BY seemingly reckless piunging pur-
! chases he started the stock rushing
upward with q venge ance-63 81. s.. SIS
/ four points in as many minutes. THIS
( fiooc Of the stock exchange was the
scene of the widest excitement. The