Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1920-10-08

match and deposltlng II carefully In
an ash tray. he settled himself com.
fortnbly In his chair and said:
"You all remember II was ngreed In
the beginning | was 20 nj this thing.
and | shnil run II In my W way or
not nj nll."
"But confound II. man." exploded
Marsh, who had been holding his
tongue with difficulty. "whnt In the
name OF common sense do you mean
by selllngf"
"Who owns the most whent-Sym.
ington Otis or usf How long will his
crowd last IL they try to outsell usi
Don't you see7"
"Not for n minutci" broke In All
port. reddenlng under his collar.
"Tll make II clearer. Suppose Otis
crowd knocks July wheat on fifteen or
twenty points. Very well. Immedls
ately they stop selling-perhaps be-
fore-Tll begin buying. Then, as nm
elastic band that has been stretched
to It's utmost. July wheat will spring
back. It'll 80 to a dollar. It1l go be
yond n dollar. I'll see to thatl"
1T docs sound plausible" hesltated
Hunt. DESTROYS of supporting his lead
er, yet stlll somewhat doubtful.
~ don't like H." said Marsh sourly.
"Mr. Otis" continued Daniel. and
there was n hard ring In his voice that
caused Hunt and Airport to exchange
meaning glnnces. thinks he has mi on
the run. He's bonsting how he licked
me IN today's sklrmlsh. OF how |
turned tail at the first fire. But wait
I'LL he springs my pltfall. Waitl I've
got him I"
The discussion LASTED until nearly
nlghtfnll. BY grace OF his power of
persuasion no less than by his doml-
nant personality and strength Of pur-
pose, Fitzhugl finally induced the 9TH
ers to admit that his course was the
best one. When they went out through
the quiet, brightly lighted Offices, the
four were on very amlcable terms; and
the hot words OF discussion that had
frequently pissed between them were
quite forgotten.
"Therc's one thing" Fitzhugh snid
IN parting, ~ want 10 impress upon
you three. When we have defeated
Otis, | want TO deal with him In my
own way. Remember that"-looking
keenly into each face. ~ want TO deal
with SymIngton Otis In my own way"
Promptly next morning Otis re-
newed the combat. II occupied every
minute OF that days session. and. MS
on the preceding day, rnged with II tit
for-tnt uproar. When the closing gong
sounded he had sold. altogether, over
four million bushels OF July wheat:
wheat OF which he owned not n grain,
but which he expected to buy later
and deliver MS promised-at n lower
price than he had sold II for. And,
the same ms yesterday, his opponent
had sold with him, bushel for bushel.
Otis was flushed with the citation of
his obvious victory.
ITS all over" he conhded to n
friend that evening. ms he sat down
smillngly to n ~well-ordered dinner. Otis
was living at his club these days, his
wife and daughter having gone abroad
for the summer. "All over but the
shouting. Tomorrow I'll finish him.
He'll be snapped out OF the Chicago
; wheat pit like a gnat-just as | once
told him n long time ago"
simultaneously with the dnwnlng OF
; the third day OF battle Otis took the
, aggressive. And simultaneously there
came a surprise. His promises of
: wheat were gobbled up as fast MS they
were offered. Buying orders poured In
from oil sides, deluglng his traders. He
increased his selling. The buying like
, wise increased. lie began to iight des
, perately, flooding the pit with his sell
! ing commands. But It was as though
I. he poured sand In the occnn.
: Ntzhugh had not appeared m the
y floor since the first day. From his
private office he sent orders 10 n dozer
Z or more brokers. All these orders
= were, "Buy July wheat" All were I,
take effect this morning. lie cablet
. his representatives In Liverpool ant
! Paris. These cahlegrams also read
buy July wheat" They. too. becamI
effective this morning. In all, he IN
: sued Instructions to purchase twelve
million bushels, or approximate!
! double the amount he had sold on TN
< prior two days.
The market hat morning wns like
6 kite In u windstorm. II ~zlgzaggel
; orally. Shortly. however, It steadled
> hung stationary M instant, the
bounded upward, Up, Juggling deter
minedly. II climbed with n rapidit
9 that outstripped It's falling the day be
: fore. Otis gave orders to cease all sell
! Ing. Like a released spring, the prlc