[Brewster’s Millions by George Barr McCutcheon]@TWC D-Link bookBrewster’s Millions CHAPTER X 7/15
What will it cost me to margin it for ten points ?" "At least a hundred thousand, exclusive of commission, which would be twelve and a half a hundred shares." Despite the most strenuous opposition from Gardner, Brewster adhered to his design, and the broker executed the order the next morning.
He knew that Brewster had but one chance to win, and that was to buy the stock in a lump instead of distributing it among several brokers and throughout the session.
This was a point that Monty had overlooked. There had been little to excite the Stock Exchange for some weeks: nothing was active and the slightest flurry was hailed as an event. Every one knew that the calm would be disturbed at some near day, but nobody looked for a sensation in Lumber and Fuel.
It was a foregone conclusion that a slump was coming, and there was scarcely any trading in the stock.
When Elon Gardner, acting for Montgomery Brewster; took ten thousand shares at 108 3/4 there was a mighty gasp on the Exchange, then a rubbing of eyes, then commotion.
<<Back Index Next>> D-Link book Top TWC mobile books
|