We'll see in a day or two. If they are beginning a bearing
operation, I know how to catch them."
And, in effect, the bearing operation commenced. Next day, heavy
sales were effected for delivery in three weeks; and the stock, as if
water-logged, began to sink. The same thing continued for the following
two days, until the premium became nearly nominal. In the meantime, Bob
and I, in conjunction with two leading capitalists whom we let into the
secret, bought up steadily every share that was offered; and at the end
of a fortnight we found that we had purchased rather more than double
the amount of the whole original stock. Sawley and his disciples, who,
as M'Corkindale suspected, were at the bottom of the whole transaction,
having beared to their hearts' content, now came into the market to
purchase, in order to redeem their engagements.
I have no means of knowing in what frame of mind Mr. Sawley spent the
Sunday, or whether he had recourse for mental consolation to Peden;
but on Monday morning he presented himself at my door in full funeral
costume, with about a quarter of a mile of crape swathed round his hat,
black gloves, and a countenance infinitely more doleful than if he had
been attending the interment of his beloved wife.
Pages:
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163