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Chapters (24)
  1. Feature
  2. CHAPTER I
  3. CHAPTER II
  4. CHAPTER III
  5. CHAPTER IV
  6. CHAPTER V
  7. CHAPTER VI
  8. CHAPTER VII
  9. CHAPTER VIII
  10. CHAPTER IX
  11. CHAPTER X
  12. CHAPTER XI
  13. CHAPTER XII
  14. CHAPTER XIII
  15. CHAPTER XIV
  16. CHAPTER XV
  17. CHAPTER XVI
  18. CHAPTER XVII
  19. CHAPTER XVIII
  20. CHAPTER XIX
  21. CHAPTER XX
  22. CHAPTER XXI
  23. You are reading a Deluxe Edition:
  24. Copyright

There was little lull, and the boys who tended the board had a chance to rest. The stock was above 66; at which price, owing to the device of "pyramiding." Montague was on "velvet," to use the picturesque phrase of the Street. His earnings amounted to sixty thousand dollars, and even if the stock were to fall and he were to be sold out, he would lose nothing.

He wished to sell and realize his profits; but his brother gripped him fast by the arm. "No! no!" he said. "It hasn't really come yet!"

Some went out to lunch - to a restaurant where they could have a telephone on their table, so as to keep in touch with events. But the Montagues had no care about eating; they sat picturing the directors in session, and speculating upon a score of various eventualities. Things might yet go wrong, and all their profits would vanish like early snow-flakes - and all their capital with them. Oliver shook like a leaf, but he would not stir. "Stay game!" he whispered.

He took out his watch, and glanced at it. It was after two o'clock. "It may go over till to-morrow!" he muttered. - But then suddenly came the storm.

The ticker recorded a rise in the price of Transcontinental of a point and a half, upon a purchase of five thousand shares; and then half a point for two thousand more. After that it never stopped. It went a point at a time; it went ten points in about fifteen minutes. And babel broke loose in the office, and in several thousand other offices in the street, and spread to others all over the world. Montague had got up, and was moving here and there, because the tension was unendurable; and at the door of an inner office he heard some one at the telephone exclaiming, "For the love of God, can't you find out what's the matter?" - A moment later a man rushed in, breathless and wild-eyed, and his voice rang through the office, "The directors have declared a quarterly dividend of three per cent, and an extra dividend of two!"

And Oliver caught his brother by the arm and started for the door with him. "Get to your broker's," he said. "And if the stock has stopped moving, sell; and sell in any case before the close." And then he dashed away to his own headquarters.

At about half after three o'clock, Oliver came into Hammond and Streeter's, breathless, and with his hair and clothing dishevelled. He was half beside himself with exultation; and Montague was scarcely less wrought up - in fact he felt quite limp after the strain he had been through.

"What price did you get?" his brother inquired; and he answered, "An average of 78 3/8." There had been another sharp rise at the end, and he had sold all his stock without checking the advance.

"I got five-eighths," said Oliver. "O ye gods!"