“⁠—if 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. , it’s common sense. Close out your long line of May, and then stop. Suppose the price does break a little, you’d still make your pile. But swing this deal over into July, and it’s ruin, ruin. I may have been mistaken before, but I know I’m right now. And do you realise, J. , that yesterday in the Pit there were some short sales? There’s some of them dared to go short of wheat against you⁠—even at the very top of your corner⁠—and there was more selling this morning. You’ve always got to buy, you know. If they all began to sell to you at once they’d bust you. It’s only because you’ve got ’em so scared⁠—I believe⁠—that keeps ’em 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. , you’ve put the price of wheat so high, that the wheat areas are extending all over the country.”

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