Pine Bluff daily graphic., 1905-07-20
ORCHARD CREAVEs)

change before the c:'d OF the following
September With All the cunning am
craftiness OF general he laid his PLAN
for the attack. Gardners face was th
picture of despair when Brewster ask
ed him to buy heavily in Lumber and
Fuel.
Good heavens, Monty cried the
broker. You're joking. Lumber l.
away up now. 1t can't possibly go a
fraction of d point higher. Take my
advice and don't touch it. 1t opened
today at l1l:ii and closed at 100. Why,
man. you're crazy to think about it for
an instant"
Il know my business. Gardner
said Brewster quietly. and his con
science smote him when he saw the
flush of modification creep into the
face of his friend. The rebuke had cut
Gardner to the quick.
But, Monty, l know what I'm talk
ing about. At least let me tell you
something about this stock" pleaded
Elon Loyalty despite the wound.
'Gardy, I've gone into this thing
carefully, and if ever man felt sure
about anything l do about this said
Monty decidedly, but affectionately.
Take my word for it, Lumber can't
go any higher. Think of the situation.
The lumbermen in the north and west
are overstocked. and there is strike
ready to so into effect When that
comes, the stock Will go for song.
The slump is liable to begin any day
MY mind is made up" said the other
firmly, and Gardner was in despair
"Will you or will you not execute an
order for me at the opening tomorrow?
FL start with 10000 shares. What
will it cost me to margin it for ten
points,
at least hundred thousand, exclu-
sive of commission, which would be
twelve and half hundred shares"
Despite the most strenuous opposition
from Gardner Brewster adhered to his
design, and the broker executed the or
der the next morning. He knew that
Brewster had but one chance to win.
and that was to buy the stock in a
lump instead of distributing it among
several brokers and throughout the
session. This was point that Monty
had overlooked.
There had been little to excite the
Stock Exchange for some weeks; moth
ing WAS active. and the slightest furry
was hailed as an event. Every one
knew that the calm would be disturbed
at some near day. hnt nobody looked
for Il sensation in Lumber and Fuel
1t was Il foregone conclusion that a
slump was coming. and there was
scarcely any trading in the stock.
When Elon Gardner. acting for Mont
gomery Brewster. took 10000 shares at
l0S:;l there was Il mighty gasp on the
exchange, then a rubbing Of eyes. then
comm0tion. AStoniShment was follow
eel hy nervousness. and then came the
struggle.
Brewster, confident that the stock
| could - no higher and that sooner O,
| later it must Crop. calmly ordered his
| horse for a ride in the snow covered
park Even Though he knew the vel.
| lure was to he a failure in the ordnar,
sense, he foEnd joy in the knowledge
| ,llat he MAS doing something. He might
| l'e a fool: he WAS at least no longer in
,,t:vc. r!!r f"ci Nr the air was good
! a him. l'c Was c>hilarated by The
= ;ur "t e." SNOW, ,ne answering eX.
ttcliit!:; {! his h y e. the gayety and
sparkle of )ife s,ha,.. him.
Senpwht'c f,,r back in his inner self
there seemed to he the Sosn;i of cheer
lag and The c.&,',f'ss:: of ham.s. Short
y before ,.pU!l lie reached his club
.,l,ert he was t. lunch with Colonel
brew. In The yea; IL" room lie OBJ
served tlf;:t me-, Wee looking at h.n
IN :; manner les ra1.:ti lhan WAS Gus
toui&rv. Some IF tfrm went 81 far
as to smile cnco,r,.@ "..'y. and others
waved their ll:,n,'S in tie most cordial
fashion. Three o" four very Young
! members looked upon l.m with adj
| miration and envy, and even the por-
ters seemed more Ohee',ui ,us. There
MAS somethjn" strangely oppressive in
all this show of Difference.
Colonel Drew's dignity relaxed amaz-
; ingIy when he caught sight of the
young man. He came forward to meet
him, and his greeting almost carried
Monty off his feet.
"How did you do it, my boy?" cried
the colonel "She's of point or two
| now, l believe, but half an hour ago
she was booming. Cad, l never heard
| of anything more spectacular"'
Monty's heart was in his mouth as
ne rushed over to the ticker. 1t did
not take him long to grasp the immensl-
| ty of the disaster. Gardner had bought
! in at 1881. and that very action SEEM
ed to put new life into the stock. Just
as it was on the point Of breaking for
! lack of support along came this SEN
sational order for 10000 shares. and
| there cu,lid be but one result. At one
| time in the morniag Lumber and Fuel,
| traded in by excited holders, touched
| 1872 and seemed in fair way TO hok
! firm around that figure.