"Well, our Ninth National stock is sold," remarked that gentleman, casually. "Four ninety-two."
"Good!" said the underwriter. "I think we're well out."
"So do I," returned the other. "By the way, did you notice the market to-day?"
"No."
"Closed weak. Schuylkill and Susquehanna off two points and a half."
"Too bad we didn't get out of that, too," said Smith. "I remember you said it was too high."
"It still is," returned the financier, dryly. "But we got out. We sold every share we had, at the opening, this morning."
Smith looked at him.
"You mean—?" he asked.
"I mean that a good big cash balance is often a handy thing to have. And just now I'd rather have cash than stocks. I don't mean there's going to be a panic, or anything like that, but everything's very high. They may go some higher, but they'll certainly go a good deal lower. And I don't think that we'll have to wait very long. Good-night—glad to have seen you."