Mills gazed at the group. "Blagden," he confided, "I think I begin to see a great light. I never studied a group of speculators before; I was always so busy with my own troubles that I never thought of anyone else. But it's just as you say; those men are a pretty futile looking crowd. There isn't one of them who looks as if he possessed any real ability. There isn't one of them whose judgment you would be apt to trust. I believe we're having a unique experience. We're seeing the game played from the inside."
Ten o'clock came. The ticker whirred; the crowd pressed closer around the tape; and presently Mills and Blagden strolled over and took their places with the rest. Farwell looked up as they approached and with extended forefinger pointed downward to indicate the trend.
"They're weak," he told them. "Awfully weak. You can sell 'em right here. And there's pressure on Union, all right. It's off a point and a half."
"Guess I'll have to sell some, then," said Blagden, and taking his stand where he could read the tape he watched, outwardly calm, but inwardly experiencing the thrill of excitement which comes to the man who is watching the biggest game in the world. The market was active. Quotation after quotation came whirring forth from the busy machine, and then, all at once, appeared a heavy block of Union Pacific, the figures tallying precisely with the symbols they had learned. Blagden yawned, turned away from the ticker, and walked over to the window. Presently Mills followed. "You saw it?" whispered Blagden.
"Sure," Mills answered. "They're buying it, and after you left they flashed again to buy Reading and then to buy Southern Railway."
"Well," said Blagden, "there's no use waiting. Here's where we sink or swim." And writing out an order to buy a hundred Union Pacific at the market, he walked across the office to the order clerk, gave him the slip of paper, and resumed his place at the tape.
Yet the market continued to decline, and the crowd of traders became jubilant. Eyes glistened, tongues were loosened, and as the paper profits grew larger before their eyes, more than one speculator, taking advantage of a fleeting rally, wrote out and handed in further orders to sell.