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—the latest news —expected develop- answered about Throughout the morning extreme ap- athy was displayed by all groups of stocks. Ralls, oils, coppers and mis- cellaneous industrials all moved within a very restricted range on a Ask for latest issue of volume of ‘trading that showed Sharp reduction compared with re- INVESTOR & TRADER cent sessions, It will post you on Oil, Most of the news of the day was of] for Gold, ‘Silver pad taduertat ots a routine character and favored the constructive side, But the market was not in a moed to pay attention to routine news. it was plain that a development of unusual impor-| 3°? tance was necessary to lift the market out of its s at Announcement by the New York Tel- ephone Company that it 1s proposed to expend approximately $90,090,290 within the next two years for tele- phone expansion, which will in- volve large purchases of topper, deiphia The o jeveland Three New York Offices 60 Broad Street Tel. Broad 7150 ing tion on the part of floor traders to to take profits prior to the holiday. Confident expectations that the Octo- ber statement of earnings of rail- roads, which will begin to appear before the end of the week, will make a very favorable comparative showing did not stimulate interest in the rails, Changes in this group were limited to fractions and were about evenly divided between gains and losses. Widest fluctuations were shown by specialties that are easily respon- sive to mzipulation. Davison Chemical was one of these, It was able to work up a new high for the at4 COPPERS’ Merger Rumors, Advancing #Quotations and Possibilities wiction is ing in Wall Street tat least three mammoth are under consideration. it The Guaral mer copper sold at I1}6c per 8 against present quotations of interests state that consump- is now at the rate of |}, year on @ very moderate amount of 195,000,008 pounds monthly, of which |]| Buying © “'% Moderate amo wn from surplus now placed at tween 500,000,000 and 600,000,000 11 TO 12, Bank pounds. Nov. Sopper commodity which cannot The market continued to be a hum- Fat either in storage above |, or drum affair throughout the second! compa; its native state underground. Those, therefore, who purchase good copper stocks now and will exercise sufficient patience to await three developments which must come, namely, the deple- tion of the present copper surplus, the Basepri Ke the mines and the ar tion of dividend payments, should able to secure substantial profits on all purchases at current prices. Yur Special Service Bulletia, Just Issued, givey wn exhaustive study of copper “und the leading mark favorites, Copy Free Upon Request y higher, “McCall, Riley & Co. Btock Exe o1 Now York | 12 T0 1. Members. consolidated | —_ ‘ombe 20 Broad St., New Yor. ‘elephone Rector Hpht ECT PRIVATE hour, although there was a distinct- ly firmer tone, especially in steels, and in electrical shates, Money renewed at 5 per cent. but oe- fore ngon the rate was dropped to 41-2 per cent. This failed to en- liven speculiive interest. The cotton market and the grain market displayed much’ the same apathy as the stock market. Cotton rose from 16 to 20 points on a com- paratively small volume of trading and Wheat was firm. Foreign exchange rates were gener- itis At times during the noon hour the] in net ticker was at a complete stand- still. Price fluctuations were so narrow that even the floor traders were disinclined to attempt to ob- tain a smull fractional profit. Up to 1 o'clock United States Steel had moved within @ range of three- eighths of a point. Fluctuations in the independent steels, and for that matter in many of the ordinarily volatile specialties, were mostly re~ stricted within the range of a half point oF 80. On the other to be enues . NICHOLAS iy & TRUESDELL Members Consolidated Stock tea Exchange of New k, Titusville, Bradford, Franklin, Pas ISbracuses N. ¥. the coi hond market wag fairly active and conspicuonsly firm. The verage price of both railroad and industrial issues gute new top for the year. Liberty made a new high for the year up 76 cents per $100 bond, TT0 2. The fourth hour failed to bring price changes of consequence. Most of the strength the list showed was confined to electrical and chemical shares. American Telephone, following its re- cent sharp rise to the highest price since 1917, was subjected to consider- able profit taking, but in the mal hand, Warren, Pa, Wilkes-Barre, Po, Rochester, Carbondale, some Crucible Steel S Meter’ a tich xs having itfleulty Ranunt cepore International Nickel The indivated cutlook in con- sm nection with recent reported deficit. The Wall Street Digest Woikinson saya: now.” Stroet im analyzing eum I ended barrel: Features of the Trading, Hour by Hour Marked irregularity existed ing dealings with a larger percent- ghar count of themselves, but such ad- vances a8 were scored Were not .m- exchanges we' Walt St. Gossip profits as of Nov. 15 totalled $41 552 When the October rnings of the ad appeared this forenoon, showing a decrease of $740,440 revenues and a decrease of $617,721 net carnines increased $1,509,596 over The U cifle statements are the first two im- portant ones to be issued for October, per cent. of the stock hi posited with the Empire pany as depositary of the Protective Committee. ments this was well absorbed. Gas stocks, 4 —reportson companies 10 TO 11. under the leadersinp of People’s Gus, —the last sal aa oases got were firm. » Motors, tire stocks and ale price ai ‘The stock market this morning wasof| steels continued practically — un- \ previous “high” and A typleal pre-holiday character. ‘I:| changed. Tobaccos, after early low” was, in fact, about the most unin-| heaviness, turned frm on short cov- teresting session witnessed in more ering. Money continued to rule at _ and, any questions than a month, 41-2 per cent, 2 TO 3. in clos age of net changes being upward. American ice sold yp to a new high the year, and oil and raitroad e$ gave a somewhat better ac- sive. They seemed to be due jothing more than short cover- ing by floor traders who sold stocks the opening 4 reaction during the day. in anticipation of otton market responded to a vigorous buying movement in clog- dealings und showed gains ranging from 45 to 65 points. Wheat closed firm with the December op- failed to stimulate speculative in- Sa. a : 605 Fifth Ave. Tel. Mur. Hill 7120 . Y tion quoted at $1.101-2 a bushel. terest in copper shares. For that| py ‘ia 18 6 bushel ee nes se bene Be Er? matter there was a distinct inclina-| vue it low sot the nears Fovsien » firm. Money closed per cent ete aieteeee i-2 statement of condition of the nty Trust Company as cf Nov. 15 makes an interesting and favorable on with that of Sept. 6. pears that during the forty days in question borrowings of the trust company at the Federal Reserve were reduced by $39,133,963, On 15 diseounts at the reserve in- stitution amounted to only $17,925,000 red with $57,058,962 on Sept. 5. shown that capital, surplus and #1 h $41,131,464 on the for- sed $421,397. ih There duction in loans. This item on S 5 stood at $331,835,774. date it stood at $301,743,293, Deposits, decrease of $22,408,518 they amounted to $4 was also a substintial At the later howev , show a further Nov. 15 statement of Union Pacific Rail- in operating earnings, Wall Street began to wonder if its expectations of a fayor- able showing of geiferally for the month were going railroad earnings rudely upset. But confidence was restored when the Southern Pa- cifie Cr reported that while its operating rev- ompany a little later in the day in October decreased $3,085,537 rresponding month of last yeu nion Pacific and Southern Py An extension until Noy, 30 next has been granted to all stockholders of the Toledo, St. Louis & Western Itailroad in which to deposit theirtoommon and preferred stock in order to participate in the settlement of the suit against the “Clover Leaf,” brought to aclose At present about 96 been de- rust Com- time ago. According to the American Petro!- nstitute gross crude ol] produc- tion in the United States for the week Nov. 19 amounted to 1,294,150 is, an Increase of 31,950 over the preceding week. A. weekly puoilcation, Current fasue treats the above and othur 27 important happenings the securities world along with « ANKING AND FINANCIAL, _ digest. of market comment hy leading brokers and the press. ‘ality ultra-conservative, » while, “Re obligation—ask for E,W. tt, NEW YORK oe ne ‘orth Sinclair Cons. Internat’! Pet. Write fer Z-9 i fll Heft | I : Cosden & Co. Boston-Wyoming Gilliland Oil Simms Pet. What the full import of the recent 100% advances in etude oil prices signifies to the above-named big independent producers is graphi- cally demonstrated in our special review now ready for distribution. L. L. WINKELMAN & CO. 62 BROAD STREET, NEW YORK iy Telephones Bread 6470 Branch Offices in Leading Cities Direct Wires to Various Markets DANCING ACADEMIES. | DANCING DANCING TO-DAY 2.30 Splendid dance music, Good venti- lation. Large corps of instructors on hand at all times for lessons, either private or on the floor. Morning les- sons by asppoint- ment. A floor sweep great ly, MARKET TRADING ND REE ON REQUEST” ASK FOR NO. 87. \ DANCING CAR St. Nicholas Rink. 69 W. 66th St. BROAD ST ee MEET ME AT THE CARNIVAL AT THE ST. NICHOLAS RINK 69 WEST 66TH STREET ROLLER SKATING TO-DAY 2.30 P. M, to 12.30 | P. M. to 12.30 superb maple thrilling music by our roller-skat- ing band. DANCING ACADEMIE: on which to in to around circles the rhythm of live- || DANCING—BILLIARDS—-ROLLER SKATING Under the Careful Management of the NIVAL _ Phone 3700 Columbus | 4m Tobacco ct 1 120% .[C M & st Ppl Atty Rumely......, 0 12 Ajax Rubber, 17% Alaska Gold, , ® Aisska Junoau. a Allis-Chatimers of. Am Am Am Am Am Am Hide & Lea pt 63% Am Ice .., Tay am Ice pf, rary Am International .. 374% Am Linseed Oi... 82% AM Linseed Oil pl. 0% Allied Chem Am smelt & Ref .. Aim Smelt & Ref pt Am Steel Foundry. . Am sugar .... Am sugar pf.. Am Sumatra ‘Tob Am T & T, Am Am To AO eesns bacco pl new O41 Am La France Am Radiator Am Wool .. Am Wool pt... Am Writ Pap pt... Am Zine. Am Zine uf, Anaconda : Aveta Realization Aso Dry Goo . Ataisou Ry... Atchison Ry pt. . AUG & WI AU, G & Woop Auantle Fruit . Baktwin Loco Balt & Ohio. Balt & Ohio pf... Batopilas Miuing... Beth Steel & . ©... 108 Beth Steel B. 551% Booth Fiaheries 2, 5 44 Bklyn Rap Transit, 9% 9 Bkivn Rap Tran cts 7% 7% Biiyn Union Gas Burn Bros, Butte Cop & Zinc Butte & Superior. Butterick Co. CR Rot N erro de Paseo Chandler Motors. Chis & Ohio. CMa SM PRR CRI & Dac. CRLEP Oy of ORL & PF pe pf Obi Great Western... & Newest Ry, Chile Copper. Chino Cobper ©. CG, U & $f Louie Cluett_ 4 Peabouy.. tica-Cola , Col Fuel @ trot Col, & Southern. 1 Textile... Int-Cal Min ,, Crucible Steet, Crucible Steel pf. Ohba Cane Sig pf Console Diatributom Cuban Aun Sugar Davison’ Gham Del Lack & Went Dome Mines . Ethiorn Coal 4... Jouicott Jobuson . - Brie. "amous Players... Famous Players pl. Fisk Hubber . Freeport Texas . Gen Asphalt. tien Asphalt yt .., Gaston W & W.. Indian Hetining Inspiration Coppar . Inter Inter Inter 3 Inter Inter Inter Inter Kansas City 50 pt Kelly Springfield J. Kelsey Whee! Kennecott Capper. . Keystone Tire .... Krowe Laclede Gan Lackawanna Stoel, Loo Rub & Tire . Lehigh Valley ,. Mexican Petrol Miami Copper ..... Middle States Oi Midvale Steal Minn, & St, . Kan & Tex, ‘ Enam & Sw 41% 41 Nat Lead vee 81% 80% 3% 18% re v on Me 1% “ 4 ” % % % % M pititeee +etelel l++ lel ieeee i ~% — 4 + 1h + & + 4 + 4 t+ + % -% — 1% + % + Ss! — 4 + 4 Poiana 3+ % iow The + & rd +2 | 116 + &% Bh w+ h eeee eee 05 190% + % — +4 + -% + 1% —4 + % + % —% +1 ++] [1 tei lety +1 ee £e Feeeeers S| [++] 1 +1+ eeree F eee FFF ® e eeeeresse eee ttt [tel tleteilee sy (tsi weer +1it ++14 weere FF FEE 15% oc ors 12 121% 2% - 1% a . + | Mula Go. Norfolk & Western, ay 70% * Nova Scotia Steel... 3%} Nat RR Mex Il pe 3% Naually Co sf Oklahoma P Ontario Silver. Orpbeum Oirouity. Ota levator, Olle Steel. Owens Bottling . fle Gaw cific @il A ite Tel & Le ‘an-Ach Det ; PanAm Pet B..., Peon RR os... MN Venn Seaboard St 114 Iopie’s Gan 6... Ny ty Vere Marquette a | » Bieroo Ui se... i et Pits & West Va ‘ Pond Creek Coal 3 | Prowed Stoel Car, Gt tk ay | Pullman Company. 106% Wunta Aleg Sugar Ware Ol vesarsee M0 4 Yad Sery of NJ. 61% + %I Varish & Bingham 14% % Rail “Stood Springs! 88% % Ray Copper % Headin Headi feerer Hey Iron & St pt Kepublic Motor... Royal Duten NY Hereo Oi StL & san x Fran | St Ld Seathwent 21% StL & Sonthw yx Saxon Motors... Seabomrd Air Line, Seab Afr Line pt. Sears-Rooback SeamHoobuck pt Seneta Copper , ‘Shattuck Aris. Shell T & TT. Sinclair Git i fo Porto K Sig... Southern Pacitic aly | % ay om ty _¥ ee secrete ss Southern ty pf... Stand O of NJ... Stand O of NJ pf. Studebaker so... Studebaker, pf, 45% + Aronue ‘Toy Products "Tranicon Oil ‘Vranmuo & Williams ‘Twin, City Rapid, Underwood Type Union Bag & Pa Union Of . Union Wacific . Union Pacitic yt United Alloy United Drug Unityd Fruit United Food Prod. Un Ry Inv Ge Un Ry Inv Co pf. Un Retwit Stores. © 1 Vive. © 1 Bive ut Jot Mooliol. Rubber. Kutiver 1 Sineltors. Steel Steel pt Utah Comer Utah Securities . Vanadium Steel. Va Cary Chumieal, Va Gato Chew of. Vivaustor Wabash Waban pt acaccece zeeturen Wy | down, | in an anonymous lette By DAVID GRAY The Story of a Fight for a Fortune and a Girl yright, 1921, by the Rell-Asndicate, Ine, SYNOPSIS OF PRE death revel) Another partne to his father’s mine, ery eee, Mary Crews CHAPTER HL . (Continued) OL she exciaimed in a whisper, With a sudden lunge Pike seized the pistol, and, throwing his (reearm about her, bore ner through the doorway into her cabin. Her fingers released their grip on the weapon. He dropped the pistol on the bunk and set her down upon the couch opposite. ‘Then he backed away and closed the door into Boyd's cabin, “You and I must have a show- he said in a low voice. She was leaning back upon couch pillows, limp. “In the first place," he said, “what inade you write me that jetter In the hospital and then forget}me on the ship? There's no use stalling, 1 know you wrote i x “What are you talking about?" she demanded. : “You know,” he answered patiently. “You take care of me in the hospital. You warn me that I'm being watched the “Anonymous?” she broke tn, “You say I wrote you an anonymous letter? Will you let me see that letter?” ‘Later; Rivers has it jist now.” There came a muttering from the next cabin, She sprang up. Boyd called weakly. * she called, Pike slipped out by the door into the corridor, He made his way on deck and began to walk. ‘A half-hour later he was stopped by ‘B. tut out for a rubber,” Rivers ex- "What luck?" “either I'm crazy or that girl is." Omitting cer- tain details, he told his story, Rivers listened with a curious took In his eyes. “Getting Uat Feltner telegraph was a stroke,” he com- mented irrelevantly. “I've got to 60 back to the card table, Talk it over with you later.” And he went off. When Rivers went below to dress for dinner he found Pike completing that ceremony. A Lueger pistol lay on his bunk, Pike opened his kit-bag and dropped it in. “Have you unloaded that thing?” asked Rivers. “No, but it's all right," Pike an-~ swered. “The safety lock is on.” With that he went out. When the door closed, Rivers opened the bag, took out the weapon and examined It. It was empty. He replaced the pistol in the bag und completed his toilet. Neither Boyd nov peared at dinner. Pike and Rivers talked little, As they iinished, Pike went over to Inquire of the doctor about Boyd. A moment later Rivera knocked at the Joor cf stateroom 214. ‘ed "Come in,” and his Mary Crews was sitting on the couch with a dinner-tray befors her, “7 beg your pardon," Rivera began. “L thought tt was the waiter,” she exclaimed, “Won't you take the Miss Crewe ap- Wells Fargo. Woot Mary 24 pf West Pacific Corp. West Airbrake . Woetingnouss Whooling & L White Motor . White Ou . Wickwire Stoel. Willys-Overland Witiys-Overland Wilvon & C Wisconsin Central. Worth Pump. . Worth Pump pl B. 61 ‘Total sales 686,500, 1i+4+4 le let Fete errr % —1 + 2% LIBBRTY BONDS. Liberty 31-28 opened 0, up .06; 2d 41-48, 95.16; $d, 96.60, up .10; 4th, 95.30, 12, Victory 48-48, 99.90, up .02, FOREIGN EXCHANGE OPENING. Sterling, demand, 3.99; . cubles, 3.991-2, up 8-8, Irench francs, de- mand, .07071-2; cables, .07081-2, off .0004 1-2. Lire, demand, .0412; cables, 0413, up .0001, Belgian francs, de- mand, .0685; cables, .0685, off .9902 Marks, demand and cables, .0036 1 up 1-4. Greek drachma, demand, .9410; cables, —.0415, nged — Swiss francs, demand, +8540; off .0004. cables, up .0010. Pesetas, de- mand, . cables, .1378, up .0094. Sweden kroner, demand, .2335; cabies, -2340, unchanged. Norway kroner, 1405; cables, changed. Denmark, kroner, demand, +1845; cables, .1860, up .0006. (For other market reports see Page 10.) sees, ASL COPLEY SQUARE HOTEL GUESTS ROUTED BY FIRE E BOSTON, Nov., 33,—Fire in the Cop- ley Square Hotel early to-day caused 440 guests to be aroused from their heds and assembied in reception rooms. The fire, discovered in the bascment kitchen, burned through to the first floor, filling the building with smoke It was nearly two hours before the guests were permitted to return to their tooms. The loss was estimated by manager Edward Spracklin at $10,000. Mra. Grace Reeve Gets $10 a Week Alimony and $200 Fees. Sunpreme Court Justice Morschauser jn White Plains to-day allowed Mrs. Grace Fisher Reeve, former Metropoll- tun opera singer, $10 a week alimony 4nd $200 counsel fee, pending triol of her action for separation from Dr. Oscar Charles Reeve, once personal physician to John W 10,000 Fs Turkey Dinner For Bellevue Hospital. {te Ten thousand pounds of turkey will , be consuined to-morrow at the Thanke- giving dinner at Bellevue Hospital or % 13% — %&|clans, nurses, patienls and employes... | tte shooting.’ by nearly 3,600 persons, Including phyal chal “Can't stop,” sald Rivers. “Thanks, | © Boyd he answered. again. iv of air,” auld with me, We'll yfully. How is Mr. Doing very well,” “He has gone to slee “You ought to get Rivers, “Come on dec! walk. She considered. “Ul go,’ do need alr.” They were beginning on the second turn when Rivers laughed. “Don’t let's worry about good manners, You've been through war as we have. Let's talk man-fashion.” She sald nothing and Rivers went ‘on. “You see, Pike has told me about his burglary; what was the idea of holding him up with an empty gun?’ “Did he know it was empty?” “No, and he doesn't now. But if you ted to protect your uncle'r papers, why didn’t you ring the be:) for a steward?” “I suppose it was eilly,” she an- swered. “but I saw a stral man's arm through the slit in the window, I hurried downstairs, got the pistol out of my bag and then to my amaze- ment I found !t was Col. Pike.” “It would have been natural to ask him to explain.” “J don’t think T care to discuss that," she said stiffly. “Besides, there asn't anything to expla'n.” “You considered it natural for Pike to be going through your uncle’ she sald. “L knew he was in the British In. telligence, I supposed it was his bus. ness,” “But why should he be prying int» affairs? reason that they pry int) everybod:"s affairs. For the aamo reason that they went through hiv baggage at the hospital, They want to know what every one is doing.” “How did you find out that his lug- gage had been searched?” “One of the orderiies told me. He said it was done by 4 man in a Red ‘ross uniform.” YOUTH CAUGHT AFTER JEWELRY STORE THEFT. Fired Shots in © her of several blocks, in which a number of shots were fired, Walter Schunke, eighteen 422 West 49th Street, was arrested by Patrolman Walsh of the West 100th Street Station at 934 Street and Colum- bus Avenue at 3.30 o'clock this morn- ing. He was taken to the West Side Court later on a charge of grand larceny. ‘The police say three men robbed the window of Hurry A. Silverstein’s Je elry store, at Browdway and 92d Street. after throwing a brick through it. A passing citizen fired two shots to at- t the police and the trio fed in three directions, Schunke was the ‘only man caught and he denied having anything to do with the robbery. He id he ran merely "to get away from years old, & medium he received # message concerni ‘by aceldent, And met on hl CEDING CHAPTERS. mine and telling Pik ‘Bos, mewn tat Rog as 's peers acd was surprised by gotng to tell you that what Pike was doing in your uncle's cabin Is entirely & personal matter, There'a more to this than you realize.” He drew out the two notes. “Now this ts the shape your letter was in when Pike received it. The signature has been torn off with the address you doubtless gave him, th original envelope destroyed and this typed one substituted.” She looked at him dumfounded. “Who did it?” + “1 don't know. But you can under- stand now why Pike never wrote you, He made a trip to Boulogne to find you, but he didn’t know your name. Now, you see, my dear Miss Crew you had a right to assume that Col. Pike had ignored the service you did him and the opportunity you gave him to communicate with you; bat you realize now that It was based on “I'm going to trust you, said at last. "I'm going to tell you ‘oe whole story.” He began with his meeting Pike In Boulogne and she listened, breathless, till_he finished. “You see now why Pike went {through your uncle's papers,” said Rivers, “Did he find anything? “He had only begun when yau ap- peared. However, there was a cable which seemed to indicate that a man named Feltner was directing the thing.” “I never heard my uncle speak of any one named Feltner,” she said. “The fact 1s, I really know my uncle " he asked. She told him briefly, Boyd was her mother’s brother, He had come from California as a boy and settled in New York. She had been born on her father's ranch in Arizona, whose Boyd had visited them. Her mother had died when she was nine and her father in 1912, Since her mother's death, till she passed through New York on her way to Burope to study music, she had not seen Boyd. When the war broke out she went as a nurse with the English. Practically all her acquaintance with Boyd was a fortnight she had spent with him in London before they sailed. “Well,” said Rivers, “ got to get to the botte this thing, I's reasonably certain t there was a mine and that Pike's father wa: robbed and that la some way your unel ts mixed up with the persons who robbel Him. Now, [ don’t ask you to spy on your un’'e, You were brought into this by chance, just as T was, but I suppose you realize that it was your uncle's agent who went through Pike's kit at the hospital.” | tousled by sacrilegious hands: “L suppose It was,” she said slowly. “Ot course that hasn't really any- thing to do with the main question, but It has brought about a very un- fortunate misunderstanding with Pile. I don't want to butt into personal matters, but the fact is Pike 1s in love with you.” “What do you want me to do?” sald Mary Crewe uncertainly. e “Why.” he answered, “you could tell him that yqu love him and marty him to-morrow.” With @ peal of laughter she turned and fled down the deck. ' Toward midnight Rivers went below and found Pike lying dressed in his bunk, with a book. $ I've’ been arranging that Mis wo marry you," he observed. "She didn't say ‘no."" “Look here, Rivers,” Pike began angrily, but Rivers stopped him, “You can't quarre! with me, old son. You see, that note was signed and had an address when she pinned it on you. Some curious swine opens it, cuts off signature, address and friendly mes- sages, types new envelope and gives it to you. Result, misunderstanding and Sli feelin’." The next moment Rivers's ir was Iso he was seized, lifted and dumped on the couch and Pike dashed out. * Rivers laughed softly. When Pike came in that night, or what happened when he met Mary Crewe the next day, Rivers never knew, Coming aft he found them by the rail, discussing the League of Nations. CHAPTER Iv. HE next day at,lunch a walter handed Pike a note. come to my cabin at 2 o'clock? Boyd.” Pike found the the couch. “Well, Pike,” about Andrews gave me a shock that knocked my digestive apparatus, That! came in on Rivers lolling in an arm- story you told me, Pike. It happens) Chatr before a tea tab! ‘that I've heard about the transaction. As far as I knew, the whole deal was) Langford had copies of tl on the square. Your father sold and the other parties bought. Now, you tell me that your father never got the purchase money.” “Is \t your understanding, Mr. Boyd, that these other parties bought the whole mine?” “That {g my understanding. Half of it was sold to—well val! it a syndl- cate, and one member of the snydicate half on his own ac- got away with what was paid bim.” “My father never could have cashed the checks,” said Pike. “If he had banked them, they would have been there after his death.” Boyd burst out: “Hell, what's the use of beating about the T had & quarter interest in @ half. I've got a canceled check for $250,000 with your father’s signature on it. He indorsed the checks over to @ certain party for government bonds. The indorsement fran like this} ‘William Lassiter, Pay to So-and-So for $250,000 worth of Paited States bonds at market this lay!” “Was thia So-and-So the man who bought the othe: half-interest?” “He was,” said Boyd. “After the deal was closed he told your father that he had another mifiion in Gov- ernment bonds and asked him if he didn’t want to close out his entire in- terest in the mine. Your fathe cuted another deed and went off in 4 taxi, with the bonds wrapped up tn a big prown paper parcel. If he took them to his hotel"—— ou see we'ye| ki “Can you! in, ick man sitting OD | motrow night and we'll have a show- he sald. “The news! Pike took it. lived in @ country where ao man was likely to be murdeved for two hun- dred. Besides there was no susicion of foul play.” : “No, there wasn't, but look here, Pike. Doesn't it strike you as queer that Hopkins, Andrews and father all should fall out of windows?” “Were Andrews and Hopkins in . syndicate on the same terms as you’ “Hadn't you better tell me who the — other man was?” “I can't give you his name to-day, I haven't the right. I've got to see him first, ‘There's something unusual about the situation, It doesn’t con« cern you.” “If \t has anything to do with the reason for your going trcegh, me papers in Boulogne I should say it did concern me,” said Pike. Boyd forced a laugh. “Well” he sald. “You're going to be declared in on the deal. I'm not going to stand for having you robbed no matter who did it. It was this way,” Boyd on. “The reports of our expert : borne out your father's claim. It wag = — a big property.” Y “Was your expert In the syndicate? . “It was Hopkins. He was a mining engineer. Well, after we got the prop~ erty, Hopkins went out again and pushed down\into the vein and struck ore that was+-it wasn’t ore at all; it was solid gold! It lay like native per in the Calumet and Hecla. course it was just a pocket, but Hop- kins was afraid to hire men to take it, out, so for six or eight months we worked it ourselves in shifts of two and sent the gold back east.” t “By express as silver condentrates, I suppose.” i “No, by motor car. Well, the first thing we knew we'd chiselled out @ sum that frightened us. Then came the war and the excess-profita tax and the increase of the income tax rates. Well, the idea was that we'd keep the gold In poot and we signed a paper among our- selves, making a sort of tontine pot. out of it, If any one died before we ivided, his share went to the rest, No executors were to get in on it." “Whose suggestion was that?” “I don't remember,” said Boyd shortly, ‘but if I did I wouldn't tell you now.” “And then Hopkins’ fet! out of @ window,” sald Pike, as if thinking | aloud, “and then Andrews, ard now | you're wondering who's going ‘to be the next?” Boyd's face had grown ashy -white, “What do you think about it?" he asked hoarsely. “Your father, Hop- is, Andrews. T don't know te eerie 1 mphatically, “1. 0 Ca case of mare der, You can't throw a man out of a window and leave no tracey of @ struggle.” “Lt wouldn't seem so." “No, It couldn't be that,” sald Boyd tenscly. “But Pike"—he hesitated— “do you suppose there could-be some- thing, call it a hoodoo, that follows this gold? I'm a hard-headed bust- ness man, but there's something hell- about this.” "You haven't had any desire to . jump out of a window?" “Not I," Boyd answered, to live. I've got everything to live for, But 60 had Andrews, so had Hopkins, so had your father. Yor might say it wag a bad conscience,’ % he went on, “but that wouldn't have troubled Andrews nor Hopkins. It doesn't trouble Leeides, there’ your father, Why should he hav done it?" “They said he had heart failure.” “I want “They sald that about Hopkins Probably they’re saying |t about An drews," Boyd replied. Pike was gazing vacantly at the window. There was a long silenca. “Boyd,” he said at last, “Ia Feltnor the other partner?” Boyd started. No,” he answered Goggedly. There was a long silence, Then Boyd brought his fist down with a ‘crash. “So help me God, I can't do © ~ i* now!" he blurted out. “It wouldn't be square, Pike, on my word of honor, I'm going to run this thing down and all that you're entitled to you're going to get. L want to get out. I don't like It, Pike, You can’t tell me {t's a coincidence.” “T'm not tring to tell you !t’s a co- incidence. I'm asking you to teli me the name of the man Bo has profited “But that's tmpossibl “Have your own y “Now, look here, id Boyd, “we'll | dock to-morrow forenoon. By to- morrow night I'll know what I'm talk- is about. You dine with me to- down.” He held out his hand and It was on the stroke of 5 that after- noon that Pike reached the hotel and le. “Any luck?” asked Rivers... “On the whole, yes,” Pike answered, 6 mi! of the police investigation in his alee it seems that father had a room on the twelfth floor, on the street. There was no means of ingress or egress éx~ cept through the doors, “The door that connected with the suite to the west was bolted on father's side. The people in the suite were the Bryce Appletons of Boston, ~* everything that is respectable. The door into the ball was also bolted on the inaide, “There was no cornice or ledge out- side the window, and there wan a stretch of eight feet before there was “Riiils effects wore taken charge se! effects were of by the police ?* “Yes; they turned the cash and Jewelry over to Langford with the rest of his things.” everything found | : een entere the inventory. said, ‘Yes, everything except a tie brown-papered parcel.' The police had opened it and found it full of folded newspapers, so they threw it out." Rivers gave a low “Boyd's bundle of bonds—what?” “The trick isn't so had to turn,” sald Pike, “but you could never what he though was a fortune In ne- fotianlo securities to a New ¥¢ otel, especially as he already pts eafe-depoait box at a downtown an! ‘ake two millions in Government bonds to his hotel!” exclaimed Pike. “You didn't know my father! We Nee as Do Net Mi i