"What's wrong?" he cried at the sight of Fred's drawn face.

"Everything. The city's full of it," said Marsh. "It leaked out this afternoon, or rather the Gunther crowd let it leak out. Pittsburgh & New Orleans will declare an additional quarterly dividend to-morrow."

"It's the end of us," said Fred. "The stock will go kiting up."

"We've got to cover," said Bojo.

"In a crazy market? If we can!"

"It may not be true."

"I've got it as direct as I could get it," said Marsh, shaking his head.

"Suppose there is a corner and we have to settle around 100 or 150?" said DeLancy, staring nervously away.

There was no need for Bojo to ask how deeply involved they were. He knew.

"Some one's been buying large blocks of it. That's known," said Marsh, calmer than the rest. "Ten to one it's Gunther's crowd. They had the advance information. Ten to one they've laid the trap and sprung a corner."