at any cost of heart or nerve-tear a man must retain
good form until the gong strikes. Then, that he
must be as near the uncaged tiger as human mind and
body can be made. Only I realised what volcano
raged inside my chum’s bosom. If any other
man of the crowd had known, Bob’s chances of
success would have been on par with a Canadian canoeist
short-cutting Niagara for Buffalo. Nine-tenths
of the Stock Exchange game is not letting your left
brain-lobe know what race your right is in until the
winning numbers and the also-rans are on the board.
If one of those three hundred chain-lightning thinkers
or any of their ten thousand alert associates knew
in advance the intentions of a fellow broker, the
word would sweep through that crowd with the sureness
of uncorked ether, and the other two hundred and ninty
nine, at gong-strike, would be at each others’
throats for his vitals, and before he knew the game
had started would have his bones picked to a vulture-finish
cleanness. Suddenly, as I watched the scene, there
rang through the great hall the first sharp stroke
of the gong. There were no echoes heard that
morning. The metallic voice was yet shaping its
command to “at ’em, you fiends”
when from three hundred throats burst the wild sound
of the Stock Exchange yell. No other sound in
any of the open or hidden places of all nature duplicates
the yell of a great Stock Exchange at an exciting
opening. It not only fills and refills space,
for the volume is terrific, but it has an individuality
all its own, coming from the incisive “take-mine-I’ve-got
yours,” from the aggressive, almost arrogant
“you-can’t-you-won’t-have-your-way,”
the confident “by-heaven-I-will” individual
notes that enter into the whole, as they blend with
the shrill scream of triumph and the die-away note
of disappointment, when the floor men realise their
success or their failure. I picked Bob’s
magnificently resonant voice from the mass—“40
for any part of 10,000 Sugar.” It was this
daring bid that struck terror to the bears and filled
the bulls[2] with a frenzy of encouragement.
Again it rang out—“45 for any part
of 25,000”; and a third time—“50
for any part of 50,000.”
The great crowd was surging all over the room.
Hats were smashed and coats were being stripped from
their owners’ backs as though made of paper,
and now and then a particularly frantic buyer or seller
would be borne to the floor by the impetus of those
who sought to fill his bid or grab his offer.
Through all the wild whirl, straight and erect and
commanding was the form of Bob, his face cold and
expressionless as an iceberg. In five minutes
the human mass had worked back to the Sugar-pole and
there was the inevitable lull while its members “verified.”
I could see by the few entries Bob was making on his
pad that he had been compelled to buy but little.
This meant that his campaign was working smoothly,
that he was driving the market up by merely bidding,
and that he had the greater part of my 50,000 yet
unbought, which inturn meant he could continue to
push up the price, or in the event of his opponents’
attempting to run it down, he would be under the market
with big supporting orders.