"Market's a little stiffer," said Edmonds.
He sat down and stretched out his hand towards the cigar-box on the table, while Hawtrey waited until he had picked one out with very evident impatience.
"Still moving up?" he asked.
Edmonds nodded. "It's the other folks' last stand," he said. "With the wheat ripening as it's doing, the flood that will pour in before the next two months are out will sweep them off the market. I was half afraid from your note that this little rally had some weight with you, and that as one result of it you meant to cover now."
"That," admitted Hawtrey, "was in my mind."
"Then," said his companion, "it's a pity."
Hawtrey leaned upon the table with hesitation in his face and attitude. He had neither the courage nor the steadfastness to make a gambler, and every fluctuation of the market swayed him to and fro. He had a good deal of wheat to deliver by and bye, and, for prices had fallen steadily until a week or two ago, he could still secure a very desirable margin if he bought in against his sales now. Unfortunately, however, he had once or twice lost heavily in an unexpected rally, and he greatly desired to recoup himself. Then, he had decided, nothing would tempt him to take part in another deal.
"If I hold on and the market stiffens further I'll be awkwardly fixed," he said. "Wyllard made a will, and in a few months I'll have to hand everything over to his executors. There would naturally be unpleasantness over a serious shortage."
Edmonds smiled. He had handled his man cleverly, and had now a reasonably secure hold upon him and the Range, but he was far from satisfied. If Hawtrey made a further loss he would in all probability become irretrievably involved.
"Then," he pointed out, "there's every reason why you should try to get straight."