The bell rang. The ticker whirred. For a moment the dozen heads were grouped closely together over the tape, and then—the first quotation, five hundred Fuel at fifty-seven, gave warning of the truth; and the second and third verified it beyond all doubt or questioning. No further need of argument; no further agony; the suspense was over. So weak was the opening as to be almost incredible, so weak that it took a moment or two to adjust oneself to the shock. Akme Mining had closed the night before at ten. Carleton, figuring on the lowest, had imagined that it might open at eight and a half, or even eight. Two thousand shares came over the tape at six and a quarter. Everything else was in like ratio; everything else kept the same proportion—or lack of it. For perhaps ten seconds there was silence absolute, and then the reaction came. The young man with the rumpled hair turned sharply away, his hands thrust deep into his trousers’ pockets, his lips curiously twisted and contorted, the tip of his tongue showing between his teeth. He gazed up at the blank wall, nodding unsmilingly to himself. “I thought so,” he observed, quietly, “in the neck.”

The man with the mumbling mouth started again to speak. “Now,” he muttered, “now would be the time; to jump right in—” and then, as if just for a moment he caught a glimpse of himself and the figure he made, old and futile, worn out and wan, he stopped abruptly, rubbing his eyes, and for a time spoke no more, only standing there motionless, with the force of a habit too strong to be broken, glancing down unseeingly at the rows of little black letters and figures that issued steadily from the ticker, only to pass, unregarded and unmeaning, beneath the vacancy of his gaze.

Carleton had stood staring grimly with the rest. In a moment he felt a hand laid upon his arm, and turned to meet the wistful glance of the little gray man. “I beg your pardon,” he asked timidly, “but can you tell me at what price Kentucky Coal is selling? I dislike to trouble you, but I am entirely unfamiliar with the abbreviations used.”

Carleton nodded with the feeling that he might as well deal the little man a blow squarely between the eyes. “Forty-eight,” he said shortly.

The little man turned very pale. “Forty-eight,” he repeated mechanically, “can it be so? Forty-eight!” He shook his head slowly from side to side, then glanced at Carleton with a smile infinitely gentle and pathetic. “And to earn it,” he murmured, “took me twenty years;” and then again, after a pause, “twenty years; and I’m afraid I’m pretty old to begin again now.”

Carleton’s heart smote him. Gladly enough would he have sought to aid, if a half of his own depleted fortune had remained to him. He stood for a moment as if in a dream. The whole scene—the familiar office, the stock-board, the ticker, the disheartened, discouraged group of unsuccessful gamblers—it was all real enough, and yet at the same time about it all there clung an air somehow theatric, melodramatic, hard of realization. Then, from the doorway, Turner called him sharply, and he hastened into the private office. Outwardly, the broker still had a pretty good grip on himself, but in his tone his rising excitement was easily enough discerned. “Look, Jack,” he said quickly, “things are bad; there’s all sorts of talk coming over our private wire. Hell’s broke loose; that’s the amount of it. I want you to get me ten thousand on your account as quick as the Lord’ll let you; get fifteen, if you can. It’s better for us both that way. Saves worrying—any more than anybody can help. And Jack,” he added, “I’m not supposed to know this, neither are you. But they’re letting go a raft of your father’s stuff over at Brown’s. I don’t know what the devil it means, but I call it a mighty bad sign.”

Carleton nodded, and without wasting time, left the room. The ten minutes’ walk between Turner’s office and the Jefferson Building he covered in half that time, and striding hastily down the corridor, had almost reached Farrington’s door when a tall, red-faced young man, emerging with equal speed, pulled up short to avoid the threatened collision, and stood back for Carleton to enter. Glancing at him, Jack recognized a casual acquaintance, and nodded to him as he passed. “How are you, Cummings?” he said, and the other, looking at him a little curiously, returned his salutation, and then passed quickly on.

Farrington was seated at his desk, and Jack at once, and without ceremony, entered. Farrington, glancing up, acknowledged his greeting, with a curt nod; then looked at him with questioning gaze. “Well?” he said.

“Well,” Jack echoed, a trifle deprecatingly, “you can guess what I’ve come for, I suppose. You saw the opening. I want ten thousand more—fifteen, if I can have it—but ten will do.”

Farrington looked him straight in the eye.