“Coggswell, your clients must be crazy to go in so heavily on a dropping stock,” one “bear” operator called to Delavan’s broker.

“I don’t believe it,” smiled the broker.

“But P. & Y. will be at 40 by to-morrow,” insisted the other.

“Bosh, man!” returned Coggswell, serenely.

“You think you have inside information, do you, Coggswell?” demanded the “bear,” banteringly.

“My principal client believes he has,” laughed Coggswell, good humoredly.

“Your principal client?”

“Yes.”

“I wish I knew who he is,” admitted the “bear,” moving closer to the bold broker.