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'Three hundred.'

Both wrote a line in their memorandum-books, and the[Pg 324] bargain was concluded; the first official quotation was established, with a rise of ten francs over the quotation of the day before. Mazaud stepped aside, to give the figure to the quoter who had the Universal on his register. Then, for twenty minutes, there was a perfect flood-gate opened: the quotations of other stocks were likewise established; all the business which the brokers had in hand was transacted without any great variations in prices. And meanwhile the quoters, perched aloft, between the uproar of the corbeille and that of the Cash market, which was also feverishly busy, were scarce able to make entries of all the new figures thrown at them by the brokers and the clerks. In the rear, the Rente market was simply raging. Since the opening of the market there was no longer the mere roar of the crowd, similar to the continuous sound of flowing waters, for above all this formidable rumbling there now rose the discordant cries of offer and demand, a characteristic yelping, which rose, and fell, and paused, to begin again in unequal, grating accents, like the cries of birds of pillage in a tempest.

With a smile on his face, Saccard still stood near his pillar. His court had grown yet larger; the rise of ten francs in Universals had just filled the Bourse with excitement, for it had long been predicted that on settling day there would be a crash. Huret had approached with Sédille and Kolb, pretending to regret his prudence, which had led him to sell his shares at the price of twenty-five hundred francs; while Daigremont, wearing an air of unconcern, as he walked about arm-in-arm with the Marquis de Bohain, gaily explained to him why it was that his stable had been defeated at the autumn races. But, above all, Maugendre triumphed, and sought to overwhelm Captain Chave, who persisted nevertheless in his pessimism, saying it was necessary to await the end, which he still believed would be disaster. A similar scene was enacted by the boastful Pillerault and the melancholy Moser, the former radiant over this insane rise, the latter clenching his fists and talking of this stubborn, foolish rise as of some mad animal which, whatever its efforts might be, was certain to be slaughtered eventually.

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An hour went by, the quotations remaining much the same; transactions went on at the corbeille in proportion as fresh orders were given or fresh telegrams arrived. Business was less brisk, however, than at the outset. Towards the middle of each day's Bourse there is a similar lull in the transactions, a spell of calmness prior to the decisive struggle over the last quotations. Nevertheless, Jacoby's roar and Mazaud's shrill notes were always to be heard, both brokers being very busy with 'options.'

'I have Universals at three thousand and forty, of which fifteen!' shouted one.

'I take Universals at three thousand and forty, of which ten,' replied the other.

'How many?'


Mazaud was doubtless now executing some of the orders received from Fayeux. Many provincial gamblers, with a view to limiting their losses, buy and sell on option before venturing to launch out into obligatory transactions. However, all at once a rumour spread and spasmodic shouts arose. There had just been a fall of five francs in Universals, and then in swift succession came another and another drop, so that the price became three thousand and twenty-five.

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Jantrou, who had just come back after a short absence, was just then whispering to Saccard that the Baroness Sandorff was in her brougham in the Rue Brongniart, and desired to know whether she ought to sell. Coming at the very moment of the fall, this question fairly exasperated Saccard. In his mind's eye he could see the coachman perched motionless upon his box, whilst inside the carriage, the windows of which were closed, sat the Baroness, consulting her memorandum-book as though at home.

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'Let her go to Jericho!' he answered; 'and if she sells, I'll strangle her!'

He had scarcely spoken when, at the announcement of the fall of fifteen francs, Massias came running up as if in response to an alarm-bell, feeling that his services would certainly be required. And indeed Saccard, who had prepared a skilful[Pg 326] move for forcing up the last quotations—a telegram which was to be sent from the Lyons Bourse, where a rise was certain—had begun to feel rather anxious at the telegram's non-arrival, for this precipitate drop of fifteen francs might bring about a disaster.