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ROAMIN' IN THE GLOAMIN' 257
I bought a thousand at thirty-two dollars and forgot all about the transaction for several weeks ; in fact I was back in London before Steel Common were brought to my memory by hearing some fellows speak about them. "What are they standing at today?" I asked excitedly. Round about fortytwo I was told. I couldn't get to the nearest telephone quick enough to order my broker to sell my lot. Almost without a halt those Steel Common went to something over a hundred dollars and every day for months after I sold out I didn't know whether to laugh or cry.
It was the same with Marconi shares. A very "knowledgable" magnate whom I was friendly with during an Atlantic voyage spoke about little else than Marconi's throughout the trip and prognosticated for them a most wonderful rise in value. I bought a tidy little packet at $3.25 the day after I landed in England. Soon they began to move in the right direction and when they got the length of $4.20 I again decided that the margin of profit was ample for any man who was not of a grasping disposition. I consulted my banker on the matter of these Marconi's before parting with them. Cautious Scot that he was, he strongly urged me to sell and leave any additional profit to the man who bought them. "Never object, Harry, to the other chap getting a slice of the melon as well as yourself!" was how he put it. I sold. "The other man, whoever he was, got something over twenty dollars a share for his "slice of the melon" where I got one and once more I started to count up the money I had "lost" ! These were the only two actual transactions I ever had on the Stock Exchange and I don't suppose I shall ever have another. It's too nerve-racking when you don't win as much as you ought to have won !