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Landry among others found himself commissioned to sell. His orders were to unload three hundred thousand bushels on any advance over and above ninety-four. He kept his eye on Leaycraft, certain that he would force up the figure. But, as it happened, it was not Leaycraft but the Porteous trio who made the advance.
No one had imagined the supply was so ample, so all-sufficient to meet the demand. Promptly the Pit responded. Wheat began to pour in heavily. Hirsch, Kelly, Grossmann, Leaycraft, the stolid Winston, and the excitable Rusbridge were hard at it. The price began to give. Suddenly it broke sharply. The hand on the great dial dropped to ninety-three and seven-eighths. Landry was beside himself.
But the advance brought out no profit-taking sales. The redoubtable Leaycraft and the Porteous trio, Fairchild, Paterson, and Goodlock, shook their heads when the Pit offered ninety-four for parts of their holdings. The price held firm. Goodlock even began to offer ninety-four.
It seemed to be understood that either Leaycraft or the Porteous crowd stood ready to support the market; and in place of the ultimatum story a feeling began to gain ground that the expected report would indicate a falling off in the "visible," and that it was quite on the cards that the market might even advance another point.
Cressler clipped the tip of a fresh cigar, and, turning to Curtis Jadwin, remarked: "I understand that Leaycraft alone lost nearly fifteen thousand." He referred to Jadwin's deal in May wheat, the consummation of which had been effected the previous week.
If I had known a certain piece of real estate was going to appreciate in value I would have bought it, wouldn't I?" "All the worse, if it made it seem easy and sure to you. Do you know," he added suddenly. "Do you know that Leaycraft has gone to keep books for a manufacturing concern out in Dubuque?" Jadwin pulled his mustache.
Squarely in the midst of the morning session, on the day following the "short" sale of Jadwin's million of bushels, had exploded the news of the intended action of the French chamber. Amid a tremendous clamour the price fell. The Bulls were panic-stricken. Leaycraft the redoubtable was overwhelmed at the very start.
The redoubtable Leaycraft, who, bidding for himself, was supposed to hold the longest line of May wheat of any one man in the Pit, the insignificant Grossmann, a Jew who wore a flannel shirt, and to whose outcries no one ever paid the least attention.
The Porteous trio and Leaycraft kept the price steady at ninety-four and an eighth, but showed no inclination to force it higher. For a full five minutes not a trade was recorded. The Pit waited for the Report on the Visible Supply. And it was during this lull in the morning's business that the idiocy of the English ultimatum to the Porte melted away.
Grossman, indignant at "t'ose monkey-doodle pizeness," withdrew from the centre of the Pit. But while he stood in front of Leaycraft, his back turned, muttering his disgust, the latter, while carrying on a grave conversation with his neighbour, carefully stuck a file of paper javelins all around the Jew's hat band, and then still without mirth and still continuing to talk set them on fire.
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