ââ âif you run it up to two dollars, it will be that top-heavy, that the littlest kick in the world will knock it over. Be satisfied now with what you got. J. , itâs common sense. Close out your long line of May, and then stop. Suppose the price does break a little, youâd still make your pile. But swing this deal over into July, and itâs ruin, ruin. I may have been mistaken before, but I know Iâm right now. And do you realise, J. , that yesterday in the Pit there were some short sales? Thereâs some of them dared to go short of wheat against youâ âeven at the very top of your cornerâ âand there was more selling this morning. Youâve always got to buy, you know. If they all began to sell to you at once theyâd bust you. Itâs only because youâve got âem so scaredâ âI believeâ âthat keeps âem from it. But it looks to me as though this selling proved that they were picking up heart. They think they can get the wheat from the farmers when harvesting begins. And I tell you, J. , youâve put the price of wheat so high, that the wheat areas are extending all over the country.â
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