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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.
Bob had not been near the office the afternoon before, and as he had not come in by five minutes to ten I decided to go over to the Exchange and see if he were going to mix up in the baiting of the Sugar bears. I had no specific reasons for thinking he was interested except his recent queer actions, particularly his hanging to the Sugar-pole, yet doing nothing, the day before.
As on that day a few weeks before, the crowd was at the Sugar-pole, but its alignment was different. There in the centre were Barry Conant and his trusted lieutenants, but no opposing rival. None of those hundreds of brokers showed that desperate resolve to do or die that is born of a necessity. They were there to buy or sell, but not to put up a life or death, on-me-depends-the-result fight.
That is the way it came on the tape, which meant that the crowd around the Sugar-pole was a mob and that the transactions were so heavy, quick, and tangled that no one could tell to a certainty just what the first or opening price was; but after the first lull, after the gong, there were officially reported transactions aggregating 25,000 shares and at prices varying from 140 to 152.
A minute before the gong struck, there were three hundred men jammed around the Sugar-pole; men with set, determined faces; men with their coats buttoned tight and shoulders thrown back for the rush to which, by comparison, that of a football team is child's play. Every man in that crowd was a picked man, picked for what was coming.
A bull market, however terrific, always is tame beside a bear crash. In the few moments it took me to get to the floor, the battle had started. The greater part of the Exchange membership was in a dense mob wedged against the rail behind the Sugar-pole.
The "System's" cohorts were in absolute control, with Barry Conant never a minute away from the Sugar-pole, always on the alert to steer the course of prices when they threatened to run away on the up or the down side. It was evident to the expert readers of the tape that the "System" was currying its steed for an exceptionally brilliant run.
Others than Ike Bloomstein remarked upon the fact that Bob Brownley had hung close to the Sugar-pole all day, but when the close had come and gone without his having anything to do with the Sugar skyrockets, he dropped out of his fellow-brokers' minds. Wall Street has no use for any but the "doer."
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