OCR Text |
Show REMARK THAT WAS COSTLY How Carefully Engineered "Deal" Wat Brought to Nothing. Some ot tho largest and most promising prom-ising doals In' tho history ot tho speculative spec-ulative market havo been utterly spoiled by a slnglo thoughtless or In-discreot In-discreot remark. Thus tho disastrous failure of perhaps tho greatest corner qn record was duo to a moment of ill-calculated ill-calculated confidence on tho part ot tho man at tho head of It. Dining one evening with a gay party when the corner was nt its height he Jokingly told a young woman that ho was paying at tho rato of 30 per cent a year for money, and was finding it extremely hard to get as much as ho needed even at that figure. Next ovenlng tho young woman In question laughingly repeated tho remark re-mark to a big operator who was on tho bull sldo of tho market. Ho said nothing, but tho next day ho started out and sold wheat short by tho hundred hun-dred thousand bushels. Every bushel bush-el sold increased tho strain on tho resources re-sources of tho man who was behind tho corner. Presently ho had to quit; ho had reached tho end of his resources. re-sources. Tho corner went to smash and tho bear cleaned up a pot of money. |