[The President by Alfred Henry Lewis]@TWC D-Link book
The President

CHAPTER XVII
14/31

Each for his orders would have the unobstructed market to himself.
Mr.Bayard arranged for that fall of eleven points; the "bear" raid must seem to have effect to encourage the pool.

To thus foster the pool in its hopes, ten of the forty were to "sell" Northern Consolidated in limited lots; these sales should augment "bear" enthusiasm.
In each instance the stock thus offered was taken by one of Mr.Bayard's brokers, who little imagined that both he and the broker selling drew their inspirations from the same source.

As demonstrating the finesse of Mr.Bayard, if one had collected from the forty those orders which they brought upon the floor that Wednesday morning, and spread them on a table, they would have exhibited a perfect picture of speculation.

One would have fitted with another, and each in its proper place, until the whole was like a mosaic of defense.

The "bear" pool was met on the threshold; it was permitted to press forward eighth by eighth according to a plan; one Bayard broker having made his purchases, another took his place; it was like clockwork.


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