Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1911-07-14

But things happen you know I've
my mind; | think now it's
safe to boost Net Common a little
higher, and to hold of on the bonds
wee bit longer"
"Why?" demand Tausig. fatty.
There's vest"
Haven't you heard the news?" Rel
denis tone was expressive Of extreme
surprise. VESTS out of the running;
we've got clear track ahead of u.s.
What struck West?" Tausig's small
eyes widened,
The sun struck West" sneered
Belden. HE went away from here
rather excited yesterday afternoon. He
didn't seem to think had treated him
prettily. l suppose he ran around and
got overheated-lt's none Of my bust
ness" Belden waved a deprecating
hand. disclaiming responsibility. But
he's fiat on his back, and the Street
doesn't know why"
"Umm," Tausig mumbled his graft
fication. "And Hollwedel," he added,
naming Vests partner, sis a shrimp
He hasn't got the nerve to attempt
reprisals, without West to back him
up. That's very nice-very."
YES" Belden whined agreement;
"and West won't get over fifty for his
bonds-if decide to allow him that"
He sidled over to the ticker, and
fondled the tape. "One hundred and
twenty" he announced, drearily. you
see, Tausig, how the Street believes
in me-" He laughed hastily. Send out
orders to sell ten thousand when we
strike twenty-five" he added Sell
'em in thousand-share lots, you know
one lot to broker"
Tausig arose and waddled out, grin
ming. Belden resumed his pacing to
and fro, scowling at the floor. Pres
emily he stopped at the ticker again,
and remained there, lingering the fast.
flowing ribbon for several minutes,
motionless as a statue. Then he sour.
ried hastily over to his desk and press
ed little mother-of-pearl button on
its edge.
II want Mr.. Chellborg," he snarled
at the boy who answered his sum
mons.
"Mr. Chellborg," he told one OF his
confidential brokers who presently ap
peared, II want you to find out who IL
buying Bennington Fours, and-and
who the devil is selling Net Com
moni"
The ticker chartered OF the informa
| ffnYa fhok Cnpa0hndU haA Tnkt
five hundred shares at one hundred
and nineteen; and somebody else hat
bought "B. Fours," eighty bonds a
fifty-six. 1t was just half-past ten.
Just at that moment an obligint
Central had established telephone
connection between the uptown brancl
near the Waldorf-Astoria OF William
Wise & Sons. bankers and brokers
and the main, downtown, office of tn,
same concern. 1t was fairly reputa
Bile house, one doing large commits
sion business through severa
branches, some of which, and in par
ticular that one near the Waldorf
boosted a special customers room
for ladies'"
On the uptown end of the wire wa
somewhat excited and excitable, bu
experienced. young man. who acted a
manager of the branch office. He eal
nestly desired word with the head @
the firm. and was presently accommc
dated
Just what he had to say is not G
record, but his communication was RI
ceived with attentive respect by Mi
William Wise, who at once consulte
the ticker with an air of alarmed II
terest. Then he sat down and rookie
in his desk chair, frowning at the Gel
ing, for the space of three minutes b
, the clock. After which he summone
his head bookkeeper and desired ii
formation.
: John" he inquired. how much NJ
Common are we carrying for our pc
: sonal account"
He was told five thousand shares.
Il think" Wise meditated, after til
+ clerk had departed. that, all thing
considered. we may consider the ris
in Net thing Of the past We wi
sell before the break comes; and viii
I we are about 1t, 1t might be a goo
scheme to lump In two or three thou
and shares short"
And he telephoned the board men
q Der of the firm to that effect. usin
u the firms private wire to the e
e change floor and carefully modulatir
II his voice SO that no one but the ma
o at the other end of the wire could DO
sibly overhear his instructions.
q Not wishing to alarm the marke
Is and so lose the advantage Of a fe
3 fractions of point. he waited re
s sonable period Of time-fully five mi
7 utes-in order to permit the boat
member to execute his orders, befo
= advising the customers of the fir
IS (confidentially, of course) to "unlos
n ON Net Common. and sell short for
q quick break"
e In the meantime, Belden, haviI
u viewed with disgust his pets loss
<. one point on a strong market, decid,
to boost the price a triie-"to give
e. dose of tonic" as Tausig put It,
r order to accomplish his desire. N
" Belden commissioned some twel
-e brokers who were accustomed to eS
cute his orders without giving u
~