The Gold Hunters' Adventures Part 117

After I had made up my mind what I intended to do, I went to the bank where we had five thousand pounds lying to our credit, drew out the money, and then began my purchases. In each case I stipulated that the flour should remain in store one week, until I could get teams to cart it to Ballarat. To this a ready a.s.sent was given, and the merchants expressed themselves pleased to transact business with me. In some instances I paid cash, especially where the quant.i.ty bought was very slight, not amounting to more than fifty barrels, or one hundred sacks; but where I bought two or even three hundred barrels, I claimed the privilege of one month's credit, after paying twenty per cent. of the amount down.

In two hours I had engaged nearly every barrel and sack of flour in Melbourne, and then, and not till then, did I begin to tremble for the result of my speculation. A dozen times during the night did I wander through the streets of the city, and down to the water's edge, for the purpose of seeing how the wind blew, and each time did I find that it was favorable for vessels entering the harbor. I consulted an aged mariner, with tar plentifully sprinkled upon the seat of his trousers, and the son of Neptune told me, with many grave shakes of his head, that,--

"You can't always tell about these things; sometimes the wind blows one way here in this b.l.o.o.d.y hole, and sometimes it blows different on the ocean."

The next day I despatched two large teams to Ballarat loaded heavily with flour, and sent a letter by the mail, telling Fred what I had done, and advising him to put the price up, but to first, frighten the merchants by bantering them with offers for their stock. I knew that that course would startle them into asking at least one third more than they had been demanding, and that a dozen of the most prominent ones would start for Melbourne without a moment's delay for the purpose of seeing what the movement meant.

CHAPTER LXII.

THE FLOUR SPECULATION.--MR. CRITCHET'S STORY.

After I had written to Fred, and started the teams, I felt a little easier, although no change had taken place in the market. I knew that dealers had sent to Sydney for a supply of flour, and I feared that their orders would be filled, but in this I was agreeably mistaken.

Flour at Sydney was ten s.h.i.+llings per barrel higher than at Melbourne, with an upward tendency; while not a sack could be obtained of the few farmers who raised wheat, short of eighty pounds per ton,--just double what I had paid.

Two days after my bargain, and still no s.h.i.+ps were signalized. I felt a little more confidence in myself, and in the bold scheme that I was attempting to carry out. A dozen teams were in the city, for the purpose of carrying provisions to Ballarat and other mines, but they were delayed, owing to their inability to get flour. I heard the price of the article quoted at fifty pounds per ton, and I debated whether I should hold on longer, or sell.

Twice, during the day, a rumor was started that a large American s.h.i.+p was signalized, and that she was loaded to her scuppers with grain; but I quickly proved the falsity of the report, and then made my appearance in the store of the largest grain dealers in Melbourne, Messrs. Hennet.i.t & Co., since failed, and didn't pay their English creditors but sixpence on the pound, and I strongly suspect that American firms suffered worse, even, than that.

"My dear sir," said Mr. Hennet.i.t, coming forward and shaking my hand with great cordiality, "I have so desired to see you!"

"May I ask on what account?" I replied, with the utmost _sang froid_, although I was almost bursting with anxiety.

"Why, to tell you the truth--and I am almost ashamed to confess it--we sold you more flour than we intended, having several orders to fill, and I thought that if it made no difference to you, we would borrow one hundred barrels, and repay you in the course of a day or two at farthest. It is not of much importance, but I concluded that I would speak to you in regard to the subject."

Even while conversing, he led me to his neat and commodious private room, as though the sight of his wealth would soften my heart, and awe me to subjection to his will.

"You see, my dear sir, it is such a trifling matter, that I am almost ashamed to make the request. I am positively mortified to think that we made such a mistake as to dispose of our whole stock. However, a s.h.i.+p will be here in a few days, and then we can supply the country at greatly reduced rates."

I did not interrupt him, but sat patiently, while he was endeavoring to wheedle me out of my speculation. He displayed the anxiety that he felt, to carry his point, while speaking, and I knew that one of his restless eyes was on me, to read my thoughts, during the interview.

"I am sorry that I cannot accommodate you in this instance," I answered, "because I bought for the Ballarat market, and the people of that section of the country are in want. Flour at the mines is selling for sixty pounds per ton, a large advance upon what I paid."

"O, I don't mind allowing you a small margin for your trouble. You paid forty pounds per ton. I will give you forty-five for a hundred barrels."

"My dear Mr. Hennet.i.t, it really grieves me to think that I must refuse your offer," I replied, "but I couldn't think of selling below the market rates. If you wish a hundred barrels at fifty-five pounds per ton, I shall be exceedingly happy to accommodate you."

"Pooh, pooh!" he muttered; "I can't consider such a thing. If you think to speculate in flour in this country, you will miss it, and lose your money."

"Perhaps I shall; but as flour has risen in price since I purchased, I don't see why I should not reap the benefit of it."

I bowed courteously to the merchant, replaced my veil, (for during the summer months, when the ground is dry, and the wind blows strong, it is necessary to wear a veil, to protect the eyes from the dust which rises in heavy clouds, and at times obscures the sun like a thunder squall,) and walked off, hoping that I should hear his voice calling me back, but in this I was disappointed. Mr. Hennet.i.t thought that I would repent, and come to his terms, and so determined to stand the pressure one day more, at all hazards.

I walked directly to the river, and found that the wind was blowing off sh.o.r.e like great guns. This elated me, although I remembered the words of the tarry mariner, and wondered how it was out upon the broad ocean.

For two days I had not slept an hour's time, or eaten more than a crust of bread; but when I saw how the wind was blowing, I returned to my hotel, and supplied my nearly exhausted system with food.

No sooner had I finished dinner than I was told that a gentleman wished to speak to me in the bar room. I went there, and saw one of the merchants from whom I had purchased one hundred sacks of Chilian flour, and one hundred barrels of American brand.

"Well!" he exclaimed, shaking hands with some warmth, "you have _dished_ us, and no mistake! Who, in the devil's name, would have supposed that those two s.h.i.+ps could have made such long pa.s.sages--did you?" and then, without waiting for me to answer, he marched up to the bar and called for drinks, and I must confess that I gratified him, and pleased myself, in taking a very good gla.s.s of wine and water at his expense.

"Come, now to business," my acquaintance said, wiping his lips on a richly embroidered handkerchief, imported from Manilla.

"Very well, to business it is," said I.

"You have got all the flour in the market in your hands," he began.

"I know it," I answered.

"Yes, I suppose that you do," he said, dryly; "now, I want the flour that I sold you, and which still remains in my store. What is the figure, sir?"

Here was a man that I could trade with, and not resort to art. He was never schooled in diplomacy, and his blunt nature rejected all subterfuge. I saw that he was willing to allow me to make all that I could, knowing that he would have done the same, had he been situated as I was.

"Fifty-five pounds per ton," I answered.

"I'll take it at that figure," he replied, promptly; "come with me to the store, and I will settle the amount immediately."

I did not require to be invited a second time; and after I had received my money, I calculated how many more tons I should have to dispose of before I could call my funds whole.

In the midst of my calculation, I was disturbed by a message from Messrs. Hennet.i.t & Co. They desired to see me immediately, and requested to know when it would suit my convenience to call on them. I replied, in half an hour; and when I was leaving the store to keep my appointment, my blunt friend stopped me.

"Hennet.i.t & Co.," he said, "have received a number of orders for flour, and they must fill them. Don't sell for less than what I paid you; perhaps you can get more."

I thanked my acquaintance for his hint, and acted on it. When Mr.

Hennet.i.t talked about purchasing a few barrels, I put him off by replying that it was hardly worth while to retail them, and that I had received proposals for all that I held, and that I probably should accept.

This information rather startled the cautious gentleman, and the question was put to me without equivocation,--

"How much advance did I demand for the flour which they held for for me?"

"Fifty-six pounds per ton," I replied, promptly and firmly.

"Would I not take fifty pounds?"

"No"

"Would I sell all that I held in the city to the firm of Hennet.i.t & Co.

for that price?"

I replied that I would, provided the transaction was cashed that afternoon.

There was a short discussion among the members of the firm; and I saw the junior partner go out in great haste. He returned in a few minutes, and reported, I knew what he went after. He desired to learn the direction of the wind before completing the bargain. Fortune favored me.

It was blowing a gale directly off sh.o.r.e.

"Will you take a check on the bank, or do you desire gold dust?" was Mr.