The Pit Part 56

"This is the worst I ever saw or heard of."

"My G.o.d! if Jadwin can only hold 'em.

"You bet he'll hold 'em."

"Hold nothing!--Oh! say my friend, it don't do you any good to crowd like that."

"It's the people behind: I'm not doing it. Say, do you know where they're at on the floor? The wheat, I mean, is it going up or down?"

"Up, they tell me. There was a rally; I don't know. How can we tell here? We--Hi! there they go again. Lord! that must have been a smash. I guess the Board of Trade won't forget this day in a hurry. Heavens, you can't hear yourself think!

"Glad I ain't down there in the Pit."

But, at last, a group of policemen appeared. By main strength they shouldered their way to the top of the stairs, and then began pus.h.i.+ng the crowd back. At every instant they shouted:

"Move on now, clear the stairway. No seats left!"

But at this Page, who, by the rush of the crowd had been carried almost to the top of the stairs, managed to extricate an arm from the press, and hold Landry's card in the air. She even hazarded a little deception:

"I have a pa.s.s. Will you let me through, please?"

Luckily one of the officers heard her. He bore down heavily with all the ma.s.s of his two hundred pounds and the majesty of the law he represented, to the rescue and succour of this very pretty girl.

"Let the lady through," he roared, forcing a pa.s.sage with both elbows.

"Come right along, Miss. Stand back you, now. Can't you see the lady has a pa.s.s? Now then, Miss, and be quick about it, I can't keep 'em back forever."

Jostled and hustled, her dress crumpled, her hat awry, Page made her way forward, till the officer caught her by the arm, and pulled her out of the press. With a long breath she gained the landing of the gallery.

The guide, an old fellow in a uniform of blue, with bra.s.s b.u.t.tons and a visored cap, stood near by, and to him she presented Landry's card.

"Oh, yes, oh, yes," he shouted in her ear, after he had glanced it over. "You were the party Mr. Court spoke about. You just came in time.

I wouldn't 'a dared hold your seat a minute longer."

He led her down the crowded aisle between rows of theatre chairs, all of which were occupied, to one vacant seat in the very front row.

"You can see everything, now," he cried, making a trumpet of his palm.

"You're Mister Jadwin's niece. I know, I know. Ah, it's a wild day, Miss. They ain't done much yet, and Mr. Jadwin's holding his own, just now. But I thought for a moment they had him on the run. You see that--my, my, there was a sharp rally. But he's holding on strong yet."

Page took her seat, and leaning forward looked down into the Wheat Pit.

Once free of the crowd after leaving Page, Landry ran with all the swiftness of his long legs down the stair, and through the corridors till, all out of breath, he gained Gretry's private office. The other Pit traders for the house, some eight or ten men, were already a.s.sembled, and just as Landry entered by one door, the broker himself came in from the customers' room. Jadwin was nowhere to be seen.

"What are the orders for to-day, sir?"

Gretry was very pale. Despite his long experience on the Board of Trade, Landry could see anxiety in every change of his expression, in every motion of his hands. The broker before answering the question crossed the room to the water cooler and drank a brief swallow. Then emptying the gla.s.s he refilled it, moistened his lips again, and again emptied and filled the goblet. He put it down, caught it up once more, filled it, emptied it, drinking now in long draughts, now in little sips. He was quite unconscious of his actions, and Landry as he watched, felt his heart sink. Things must, indeed, be at a desperate pa.s.s when Gretry, the calm, the clear-headed, the placid, was thus upset.

"Your orders?" said the broker, at last. "The same as yesterday; keep the market up--that's all. It must not go below a dollar fifteen. But act on the defensive. Don't be aggressive, unless I send word. There will probably be very heavy selling the first few moments. You can buy, each of you, up to half a million bushels apiece. If that don't keep the price up, if they still are selling after that ... well"; Gretry paused a moment, irresolutely, "well," he added suddenly, "if they are still selling freely after you've each bought half a million, I'll let you know what to do. And, look here," he continued, facing the group, "look here--keep your heads cool ... I guess to-day will decide things.

Watch the Crookes crowd pretty closely. I understand they're up to something again. That's all, I guess."

Landry and the other Gretry traders hurried from the office up to the floor. Landry's heart was beating thick and slow and hard, his teeth were shut tight. Every nerve, every fibre of him braced itself with the rigidity of drawn wire, to meet the issue of the impending hours. Now, was to come the last grapple. He had never lived through a crisis such as this before. Would he prevail, would he keep his head? Would he avoid or balk the thousand and one little subterfuges, tricks, and traps that the hostile traders would prepare for him--prepare with a quickness, a suddenness that all but defied the sharpest, keenest watchfulness?

Was the gong never going to strike? He found himself, all at once, on the edge of the Wheat Pit. It was jammed tight with the crowd of traders and the excitement that disengaged itself from that tense, vehement crowd of white faces and glittering eyes was veritably sickening, veritably weakening. Men on either side of him were shouting mere incoherencies, to which n.o.body, not even themselves, were listening. Others silent, gnawed their nails to the quick, breathing rapidly, audibly even, their nostrils expanding and contracting. All around roared the vague thunder that since early morning had shaken the building. In the Pit the bids leaped to and fro, though the time of opening had not yet come; the very planks under foot seemed spinning about in the first huge warning swirl of the Pit's centripetal convulsion. There was dizziness in the air. Something, some infinite immeasurable power, onrus.h.i.+ng in its eternal courses, shook the Pit in its grasp. Something deafened the ears, blinded the eyes, dulled and numbed the mind, with its roar, with the chaff and dust of its whirlwind pa.s.sage, with the stupefying sense of its power, coeval with the earthquake and glacier, merciless, all-powerful, a primal basic throe of creation itself, una.s.sailable, inviolate, and untamed.

Had the trading begun? Had the gong struck? Landry never knew, never so much as heard the clang of the great bell. All at once he was fighting; all at once he was caught, as it were, from off the stable earth, and flung headlong into the heart and centre of the Pit. What he did, he could not say; what went on about him, he could not distinguish. He only knew that roar was succeeding roar, that there was cras.h.i.+ng through his ears, through his very brain, the combined bellow of a hundred Niagaras. Hands clutched and tore at him, his own tore and clutched in turn. The Pit was mad, was drunk and frenzied; not a man of all those who fought and scrambled and shouted who knew what he or his neighbour did. They only knew that a support long thought to be secure was giving way; not gradually, not evenly, but by horrible collapses, and equally horrible upward leaps. Now it held, now it broke, now it reformed again, rose again, then again in hideous cataclysms fell from beneath their feet to lower depths than before. The official reporter leaned back in his place, helpless. On the wall overhead, the indicator on the dial was rocking back and forth, like the mast of a s.h.i.+p caught in a monsoon. The price of July wheat no man could so much as approximate. The fluctuations were no longer by fractions of a cent, but by ten cents, fifteen cents twenty-five cents at a time. On one side of the Pit wheat sold at ninety cents, on the other at a dollar and a quarter.

And all the while above the din upon the floor, above the tramplings and the shoutings in the Pit, there seemed to thrill and swell that appalling roar of the Wheat itself coming in, coming on like a tidal wave, bursting through, das.h.i.+ng barriers aside, rolling like a measureless, almighty river, from the farms of Iowa and the ranches of California, on to the East--to the bakeshops and hungry mouths of Europe.

Landry caught one of the Gretry traders by the arm.

"What shall we do?" he shouted. "I've bought up to my limit. No more orders have come in. The market has gone from under us. What's to be done?"

"I don't know," the other shouted back, "I don't know. We're all gone to h.e.l.l; looks like the last smash. There are no more supporting orders--something's gone wrong. Gretry hasn't sent any word."

Then, Landry, beside himself with excitement and with actual terror, hardly knowing even yet what he did, turned sharply about. He fought his way out of the Pit; he ran hatless and panting across the floor, in and out between the groups of spectators, down the stairs to the corridor below, and into the Gretry-Converse offices.

In the outer office a group of reporters and the representatives of a great commercial agency were besieging one of the heads of the firm.

They a.s.saulted him with questions.

"Just tell us where you are at--that's all we want to know."

"Just what is the price of July wheat?"

"Is Jadwin winning or losing?"

But the other threw out an arm in a wild gesture of helplessness.

"We don't know, ourselves," he cried. "The market has run clean away from everybody. You know as much about it as I do. It's simply h.e.l.l broken loose, that's all. We can't tell where we are at for days to come."

Landry rushed on. He swung open the door of the private office and entered, slamming it behind him and crying out:

"Mr. Gretry, what are we to do? We've had no orders."

But no one listened to him. Of the group that gathered around Gretry's desk, no one so much as turned a head.

Jadwin stood there in the centre of the others, hatless, his face pale, his eyes congested with blood. Gretry fronted him, one hand upon his arm. In the remainder of the group Landry recognised the senior clerk of the office, one of the heads of a great banking house, and a couple of other men--confidential agents, who had helped to manipulate the great corner.

"But you can't," Gretry was exclaiming. "You can't; don't you see we can't meet our margin calls? It's the end of the game. You've got no more money."

"It's a lie!" Never so long as he lived did Landry forget the voice in which Jadwin cried the words: "It's a lie! Keep on buying, I tell you.

Take all they'll offer. I tell you we'll touch the two dollar mark before noon."

"Not another order goes up to that floor," retorted Gretry. "Why, J., ask any of these gentlemen here. They'll tell you."

"It's useless, Mr. Jadwin," said the banker, quietly. "You were practically beaten two days ago."

"Mr. Jadwin," pleaded the senior clerk, "for G.o.d's sake listen to reason. Our firm--"

But Jadwin was beyond all appeal. He threw off Gretry's hand.