The Nevada County picayune. (Prescott, Ark.) 190?-current, 1911-06-02

| careful inquiries and calculations as
TO where and how the st Louis stock
Is held. and jotted down the facts"
Barr took from His desk a memoran-
dun and read the tabulated figures
slowly.
In investors hands. =. $4,000 shares
In the street.......... 10000 shares
| In London ............ 60 900 shares
In Willis Barr & Co. 10. 900 shares
| In Bowman d Co. and
friends 30. 900 shares
Total ............... 400, 600 shares
of course" Barr continued, hand
Ing the memorandum to Pierce. the
! figures are approximate. except the
! nestegg I've picked up here and there
in the last few days.
How to get what We want of thess
holdings Is, of course, for you to say
| presume you've got to hammer St
Louis down to scare out stock from
! the investors, and the street and Lon.
don, but know you've got to put it up
TO get that 900 shares from the
roads management. II you put 1t
S110. II will mean ten dollars a share,
or 100000 in their treasury. If they
sell. They'll sell quick. They'll do
1t, too. for fear it'll go down again
They'll sell 1t before It's listed on
the exchange for that takes 80
days.
GU know what that means. They'll
have sold something they haven't got
until the 80 days are up In the mean.
time, they'll borrow, without knowing
1t, our stock, the stock we've corralled,
and when We call on them for It they
won't have it to give us and we can
make EN- settle for any figure we're
kind enough to name"
Pierce nodded appreciation of this
mine that was being laid for the I'M
wary management
What about Bowman & Cos
stock" he queried. They've got the
control"
He knew the answer before he ask
ed the question.
Barr got up from his chair and
walked over to the screened window.
He looked out on the hurrying Wall
street crowd, hopping his face with the
handkerchief ends.
Pierce. he said, facing the manip-
ulator with quick movement, the
banking house of Bowman & Co. will
sell that stock for the road They'll
sell short big block OF their own
i stock at the price we'll put it to. ex-
/ pecting to get 1t back lower"
These and ether essentials worked
/ out, Pierce sent for his personal
broker, William Hathaway, whose
standing in the street was OF the high
+ est, which Is to say that his connec-
ton with Pierce was absolutely un.
f known. To him Pierce told as little
as might be OF the business in hand.
/ and personally assumed all RESPONSE
hility for the deal
I've got some information on
crops Pierce explained. confdan-
+ daily, They're bad in the southwest.
and we'll sell the granger roads in
that territory, as they depend on crops
+ for earnings. st Louis Southern
ought to feel it most This is Thurs
/ DAY Won sell $4,000 shares of the
other three southwest roads and 10000
of St Louis Wen buy back our short
i stock when ST Louis reaches SO. seven
/ points under It's present price. If you
4 have 70 sell moro TO break the market
4 down, 50 ahead, but be careful about
raising suspicion
The broker hurried away. proud OF
his supposed possession of the odd
I - ~ x
ranged through other brokers for the
purchase OF the bulk OF the stock
Hathaway sold and all the ST Louis
southern that frightened holders
might throw over on the break
The well planned attack had imme-
diate effect. The grangers, including
/ ST, Louis Southern, had broken / n
points at the close and on Friday,
when the bears had Joined the move
ment they broke still further. big stop
loss orders having been reached at 81
in ST. Louis. which closed at 9614 On
Saturday sales Of 10 900 shares OF St
Louis for London account and a bad
statement by the banks. whose re
sources had been depleted through
cash Withdrawals by Bars Chicago
banking friends. offset dispatches from
the maligned west telling of bumper
crops The financial writer's ascrlbed
the weakness to a bear raid for quick
profits, so skilfully had Pierce con
cealed It's real object.
St. Louis Southern touched 90
shortly after the bank statement was
issued but rallied sharplr al the close
to 94ia The floor said the rally was
due to evening up purchases by the
bears, but it really came from whole
sale buying by Pierces unknown
brokers' ST. Louis Southern had been
pat down seven points without arous.
ing suspicion, and the shrewd manipu-
+ lator felt that he had shaken out rs
! mueh weak stock as could be done