THE GAME OF SPECULATION.
* (London “World.”)
Scene, the outer office of a well-known railway company in the North, the clerks listening intently for sounds from the inner room, where the directors deliberate what dividend shall be declared on the ordinary stock. Suddenly enter to them from inner room Mr Secretary, rapt in profound thought, who paces up and down, clutching nervously with his right band at his forehead the while. Clerks listen eagerly as the abstracted secretary strides about muttering audibly—“ Five per cent.” On the secretary’s withdrawal there is a mad rush to the telegraph wires, and large orders to buy to secure profits on the inevitable rise. But it proved not to be five per cent or anything like it ; and, instead of a permanent advance there was eventually collapse. Before collapse, nevertheless, prices ranged high, and profits could be pocketed by abstracted secretary’s friends in the secret, So the game is played sometimes.
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South Canterbury Times, Issue 2564, 9 June 1881, Page 2
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156THE GAME OF SPECULATION. South Canterbury Times, Issue 2564, 9 June 1881, Page 2
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