The Meridian times. (Meridian, Idaho) 1909-1938, 1911-06-09

over Chelton, the western champion
mat Ms Chicago friend. James p
Siake. had brought east to meet the
seasons cracks.
Well" said Barr, ambiguousIv.
hopping his face as usual, You going
to win-the seaside?"
usually win everything" an
s"ered Pierce, laughing. And the
arated. N ''P
On Sunday night Pierce met Barr
oy appointment at the Iatter's apart
lnent In an uptown hotel. The manip.
uiator had with him a memorandum
OF MIS- operations on the bear side of
the deal. Just closed.
Pretty bad market the Last +braa
uaSs, PIERCE" said Barr, with a
chuckle. Did you buy any stocks on
the break?"
/ bought considerable st. Louis
southern think it's going higher"
retorted the manipulation, and then hs
plunged into the facts.
I don't know exactly how much 81
Louis we shook out ON the pounding
we gave it, but my brokers accumu-
lAted $4,000 shares. We're short
ABOUT 10000 shares of other stocks nut
out to help the market, but I guess
we can cover them at q loss of about
100000. didn't dare cover them on
Saturday.
With your 10000 we've got now TO-.
ooo shares OF st. Louis and can count
safely on the $4,000 the MANAGEMENT
Will be induced to put out, That
makes 10000 shares, and we need
only 10000 additional to give you
complete control"
A sudden wave Of anger swept him;
ne was again the old hardware drum
mer:
Damn him." he cried, damn him!
III take his railroad from him like
you'd take toy from a kid. I'll make
MIN ashamed to show his face in the
street here. where he was fooled out
OF his road, and at his club, where he
0lackballed the man who was smart
enough to do it."
old Pierce" as New street called
him with blind affection, left the of.
noes Of Willis, Barr & Co. 10y the back
door, with smile like a sleeping in
fant's on his narrow, clear-cut face.
The task was no less to his liking be-
cause Bowman's crack FLY Affair had
beaten his own Boxwood in the last
Suburban. Pierce loved his horses far
more than he did men or gods. He
would have undertaken the task for
pure love, he thought, as he sought
his own office, but he soon found him
self adding, multiplying, dividing, and
the cold figures brought him back to
the world with another smile, for they
were his prospective reward fortune
in themselves.
Point by point the manipulation went
over the details of the deal, and II
grew under his hand like a battle plan
under that Of general. The bulk of
the money needed Barr was to get in
Chicago, among his banking friends,
so the local banks might have no ink
ling Of the matter. The controlling
stock, Pierce figured, ought to be OBJ
tanned at about $110 a share, which
meant $4,000, 900, all but $4,000, 900 of
which would be obtained on loans on
the stock bought Commissions to
brokers for buying the stock, and for
purchases and sales of other stocks to
manipulate the market would call for
about 100000; for Pierce received re-
auctions from the brokers In spite of
the strict exchange rules. The enor-
nous orders he distributed In his ma
nipulations would tempt any broker to
break any number of rules.
Barr sighed contentedly and settled
back to his big chair. He seemed loath
to break the chain Of pleasant thoughts
the manipulator's words had brought
to him. The light from the shaded
electric table lamp fell on his face,
which was round and boyisb but for
the light, half-grayish mustache.
Well" he said, finally, what next?
Up"
Yes, up. Well lead the manage
ment of the road into temptation and
we'll draw out 5000 shares from Lon
don, where they love a speculation,
and from the street. which is Joined to
it by bonds of unholy Yedlock. In
vestors won't sell on a raise, and we'll |
have to get the other 10000 shares |
for control"
You get that and more from Bow
man." broke in Barr. Il want to see
some stock with his name on the back |
of it,"
The market opened up on Monday. |
The financial writer's told how base
less, really, had been the previous de-
cline, and limited at a bear raid for
quick profits. Good crop news and
splendid earnings tumbled into the
market and so restored confidence
with a little help from the kindly dis
posed Pierce-that by Thursday the
list had climbed back to its level be-
fore the raid and ST. Louis was selling
1T 100 again.
Therefore, for two weeks, that
seemed as many years to Joseph w.