Potash & Perlmutter Part 27

For your information we beg to advise you that Interstate Copper advanced a sixteenth at the close of the market yesterday. Should you desire us to execute a buying order in these securities, we urge you to let us know before ten o'clock to-morrow morning, as we believe that a sharp advance will follow the opening of the market.

Truly yours, GUNST & BAUMER, Milton Fiedler, Mgr.

"Well," Abe said, "what do you think, Mawruss?"

"Think!" Morris cried. "Why, I think that he ain't said nothing to us about them gold and silver stocks of B. Sheitlis', Abe, so I guess he ain't sold 'em yet. If he can't sell a stock from gold and silver already, Abe, what show do we stand with a stock from copper?"

"That Sheitlis stock is only a small item, Mawruss."

"Well, maybe it is," Morris admitted, "but just you ring up and ask him.

Then, if we find that he sold that gold and silver stock we take a chance on the copper."

Abe hastened to the telephone in the rear of the store.

"Listen, Abe," Morris called after him, "tell him it should be no dating or discount, strictly net cash."

In less than a minute, Abe was conversing with Fiedler.

"Mr. Fiedler!" he said. "h.e.l.lo, Mr. Fiedler! Is this you? Yes. Well, me and Mawruss is about decided to buy a thousand of them stocks what you showed me down at your store--at your office yesterday, only, Mawruss says, why should we buy them goods--them stocks if you ain't sold that other stocks already. First, he says, you should sell them stocks from gold and silver, Mr. Fiedler, and then we buy them copper ones."

Mr. Fiedler, at the other end of the 'phone, hesitated before replying.

The Texas-Nevada Gold and Silver Mining Corporation was a paper mine that had long since faded from the memory of every bucketshop manager he knew, and its stock was worth absolutely nothing. Yet Gunst & Baumer, as the promoters of Interstate Copper, would clear at least two thousand dollars by the sale of the stock to Abe and Morris; hence, Fiedler took a gambler's chance.

"Why, Mr. Potash," he said, "a boy is already on the way to your store with a check for that very stock. I sold it for three hundred dollars and I sent you a check for two hundred and seventy-five dollars.

Twenty-five dollars is our usual charge for selling a hundred shares of stock that ain't quoted on the curb."

"Much obliged, Mr. Fiedler," Abe said. "I'll be down there with a check for twenty-five hundred."

"All right," Mr. Fiedler replied. "I'll go ahead and buy the stock for your account."

"Well," Abe said, "don't do that until I come down. I got to fix it up with my partner first, Mr. Fiedler, and just as soon as I can get there I'll bring you the check."

Twenty minutes after Abe had rung off a messenger arrived with a check for two hundred and seventy-five dollars, and Morris included it in the morning deposits which he was about to send over to the Koscius...o...b..nk.

"While you're doing that, Mawruss," Abe said, "you might as well draw a check for twenty-five hundred dollars for that stock."

Morris grunted.

"That's going to bring down our balance a whole lot, Abe," he said.

"Only for a week, Mawruss," Abe corrected, "and then we'll sell it again."

"Whose order do I write it to, Abe?" Morris inquired.

"I forgot to ask that," Abe replied.

"Gunst & Baumer?" Morris asked.

"They ain't the owners of it, Mawruss," said Abe. "They're only the brokers."

"Maybe Sol Klinger is selling it to the stock-exchange people and they're selling it to us," Morris suggested.

"Sol Klinger ain't going to sell his. He's going to hang on to it. Maybe it's this young feller what I see there, Mawruss, only I don't know his name."

"Well, then, I'll make it out to Potash & Perlmutter, and you can indorse it when you get there," said Morris.

At this juncture a customer entered, and Abe took him into the show-room, while Morris wrote out the check. For almost an hour and a half Abe displayed the firm's line, from which the customer selected a generous order, and when at last Abe was free to go down to Gunst & Baumer's it was nearly twelve o'clock. He put on his hat and coat, and jumped on a pa.s.sing car, and it was not until he had traveled two blocks that he remembered the check. He ran all the way back to the store and, tearing the check out of the checkbook where Morris had left it, he dashed out again and once more boarded a Broadway car. In front of Gunst & Baumer's offices he leaped wildly from the car to the street, and, escaping an imminent fire engine and a hosecart, he ran into the doorway and took the stairs three at a jump.

On the second floor of the building was Hill, Arkwright & Thompson's salesroom, where a trade sale was in progress, and the throng of buyers collected there overflowed onto the landing, but Abe elbowed his way through the crowd and made the last flight in two seconds.

"Is Mr. Fiedler in?" he gasped as he burst into the manager's office of Gunst & Baumer's suite.

"Mr. Fiedler went out to lunch," the office-boy replied. "He says you should sit down and wait, and he'll be back in ten minutes."

But Abe was too nervous for sitting down, and the thought of the customers' room with its quotation board only agitated him the more.

"I guess I'll go downstairs to Hill, Arkwright & Thompson's," he said, "and give a look around. I'll be back in ten minutes."

He descended the stairs leisurely and again elbowed his way through the crowd into the salesroom of Hill, Arkwright & Thompson. Mr. Arkwright was on the rostrum, and as Abe entered he was announcing the next lot.

"Look at them carefully, gentlemen," he said. "An opportunity like this seldom arises. They are all fresh goods, woven this season for next season's business--foulard silks of exceptionally good design and quality."

At the word silks Abe started and made at once for the tables on which the goods were piled. He examined them critically, and as he did so his mind reverted to the half-tone cuts in the Daily Cloak and Suit Record.

Here was a rare chance to lay in a stock of piece goods that might not recur for several years, certainly not before next season had pa.s.sed.

"It's to close an estate, gentlemen," Mr. Arkwright continued. "The proprietor of the mills died recently, and his executors have decided to wind up the business. All these silk foulards will be offered as one lot. What is the bid?"

Immediately compet.i.tion became fast and furious, and Abe entered into it with a zest and excitement that completely eclipsed all thought of stock exchanges or copper shares. The bids rose by leaps and bounds, and when, half an hour later, Abe emerged from the fray his collar was melted to the consistency of a pocket handkerchief, but the light of victory shone through his perspiration. He was the purchaser of the entire lot, and by token of his ownership he indorsed the twenty-five-hundred-dollar check to the order of Hill, Arkwright & Thompson.

The glow of battle continued with Abe until he reached the show-room of his own place of business at two o'clock.

"Well, Abe," Morris cried, "did you buy the stock?"

"Huh?" Abe exclaimed, and then, for the first time since he saw the silk foulards, he remembered Interstate Copper.

"I was to Wa.s.serbauer's Restaurant for lunch," Morris continued, "and in the cafe I seen that thing what the baseball comes out of it, Abe."

"The tickler," Abe croaked.

"That's it," Morris went on. "Also, Sol Klinger was looking at it, and he told me Interstate Copper was up to three already."

Abe sat down in a chair and pa.s.sed his hand over his forehead.

"That's the one time when you give it us good advice, Abe," said Morris.

"Sol says we may make it three thousand dollars yet."

Abe nodded. He licked his dry lips and essayed to speak, but the words of confession would not come.

"It was a lucky day for us, Abe, when you seen B. Sheitlis," Morris continued. "Of course, I ain't saying it was all luck, Abe, because it wasn't. If you hadn't seen the opportunity, Abe, and practically made me go into it, I wouldn't of done nothing, Abe."