“That’s what he’s here for, sitting over yonder,” replied Mr. Delavan. “As soon as the dealings denote that my holdings are being dumped Bolton will know that the day and the game are his.”

Some other stocks were being traded in briefly, now. Steel, among them, was going up a couple of points. Bolton found time to look over curiously at Coggswell, whom he knew to be directing the fight for the Delavan-Moddridge combine. Bolton also studied the man behind the goggles rather attentively, though not once did it occur to the arch-plotter to connect that half-hidden face with the countenance of the man he was moving heaven and earth to ruin.

“Twenty thousand P. & Y. offered at 65½!”

That was the next challenge hurled on the floor below. There were no takers at the moment.

“Twenty thousand at 65!”

Within the next few minutes this offering was traded off in smaller lots.

“Watch Bolton fidget,” whispered Mr Coggswell. “There’s a bigger hammering coming, and of course Bolton knows it’s near. We’ll see his biggest plunge within the next few minutes.”

Within two minutes by the big clock the pounding came.

“Forty thousand P. & Y. offered at 62!”

There was instant pandemonium. While there were those on the floor who rushed forward to get in on some of the buying at this price, there were many more who believed that P. & Y. would quickly slump far worse than it had yet done.