Reborn in America, I am a legendary short seller on Wall Street.

Chapter 99 Metropolitan Gambling House (One chapter tonight, 3.5k words, will be completed tomorrow during the day)
Sitting in the carriage on the way back, Larry kept thinking about Logan's attack.

Actually, this matter is quite simple. Since Logan doesn't intend to pursue the matter, and even Logan doesn't intend to let his father pursue it, then I have even less reason to stand up for Logan.

Larry understood Logan's concerns. The relationships between Boston's gangs were very delicate, and if this balance were broken over something trivial, both the initiator and the victim would pay a heavy price.

Besides, how could a gang really just be a gang?
Without powerful backers, how could the Irish have monopolized the docks? And how could the Rothschild gang have been able to engage in usury?
As Sun Wukong protected Tang Sanzang on his journey to the West to retrieve the Buddhist scriptures, the closer they got to the Western Paradise, the more powerful the demons became, and the stronger their backers became...

I can't speak for other gangs, but any gang that deals with money must have a powerful figure backing them up.

The Rostan Gang is nothing more than a black glove for the big shots.

Thinking of this, Larry suddenly remembered Mr. Potter's words: You can only truly understand the human world when you are in hell.

Therefore, Larry would never do anything risky.

But Larry also had a strange feeling that his connection with the Metropolitan Casino was only just beginning.

One day, the Metropolitan Casino will also become a stock that you have to "trade" yourself.

Therefore, he had to personally understand the fundamentals of this "stock" and record its "price fluctuation patterns." If possible, Larry would even choose to learn more about the Metropolitan Casino and the Rothschild gang behind it from multiple sources.

My past experiences have taught me: it is better to be prepared and not fight than to fight unprepared!
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After the carriage entered the city center, its speed began to slow down.

Larry took out his pocket watch and checked the time. It was 1:35 p.m. He then told the coachman to stop at the nearest station.

After getting off the carriage, Larry didn't return to Paine Webber Securities Company, but instead strolled into the Metropolitan Casino, located in the most bustling part of the city center.

This is the largest betting firm in the Boston area, and the same firm that Logan used to buy 200 shares of Carnegie Steel.

The brokerage office was exquisitely decorated, even more impressive than Paine Weber Securities. It featured lacquered counters, sycamore wood chairs, and price lists covering an entire wall.

The lobby was packed with people, more than twice the number of people at the pyramid-shaped casino. Gentlemen of all kinds, dressed in respectable clothes, were either sitting or standing on the wooden floor, their eyes glued to the latest price changes on the price board.

Larry keenly noticed that many guests were holding a glass of beer.
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As Larry approached the trading floor, the Metropolitan Casino's front desk manager gave him a friendly nod and a smile.

Behind the professional smile, the manager is also quickly categorizing the new faces arriving.

The person looked somewhat young, dressed in a casual gray plaid suit and a gentleman's baseball cap, making him look more like a vibrant college student.

This is a fat sheep that can be slowly cultivated.

Larry returned the manager's friendly smile, then strolled to the price board and looked up at the various trading instruments displayed there.

After watching for a while, Larry kept nodding.

Because every financial market instrument I am familiar with has a quote on this quote board, including stocks on the New York Stock Exchange and futures on the Chicago Mercantile Exchange.

In addition, the Metropolitan Exchange even offers stocks and futures contracts on foreign exchanges, such as the Winnipeg Grain Exchange in Canada, the London Stock Exchange in the UK, the London Metal Exchange, and the Liverpool Cotton Exchange.

In terms of the types of securities traded, Metropolitan Markets far surpasses legitimate securities firms like Paine Weber Securities.

This is normal, though. Betting companies don't actually need to trade on behalf of their clients, so setting up more exchange seats just means filling in more numbers from the quote tapes, but the profits they get in return are real.

More varieties mean a larger trading volume, and also mean that the metropolitan area has an unimaginable reserve of trading volume for gambling houses.

Larry stood there for a moment, then a waiter in a sharp uniform came over with a tray, smiled at Larry, and said...
"Sir, would you like something to drink?"

Larry paused for a moment, then smiled and asked, "What are some good drinks? What's the price?"

The waiter placed the plate in front of the latte and said with a smile, "We have sweetened black tea and beer, and the first drink of the day is free."

Larry had a sudden idea. He thought, "Oh, should I give the gamblers sugary or alcoholic drinks? That would increase their excitement so they'd keep betting without thinking."

This tactic was still quite trendy at the time!

Larry smiled, took a cup of black tea, and thanked the waiter casually. The waiter bowed slightly and turned to leave.

Larry brought the cup of black tea to his lips and took a small sip; it was indeed cloyingly sweet.

Larry smacked his lips, held the cup of black tea in his hand but did not continue drinking it, instead continuing to look at the stock quotes.

Carnegie Steel's stock price has fallen back and is now back to around $50, indicating that this wave of "bloody rally" speculation has ended.
Colt's upward momentum has not stopped. There is already official news in the market that Mr. Morgan is preparing to intervene in Colt's capital increase and share expansion plan. As a result, Colt's stock price has risen sharply and has reached over 70 yuan.

Larry did a quick calculation and realized that he already had quite a lot of money.

My 1500 long positions in Colt at Reading are now worth at least $6.5; in addition, I have $2.4 in margin in my account that I haven't touched before.

In addition, he had $1.7 in his account at First National Bank in Boston, $3500 in his apartment safe, and nearly $3000 on him.

His net worth is definitely over $10!

If we were to really follow Mr. Potter's instructions and spend half of this money, we would have to think about it quite carefully.

While he was lost in thought, Larry suddenly heard a burst of laughter from the customers around him.

Larry regained his composure, only to see a burly man in the crowd of customers holding up a transaction order and shouting towards the counter, "Kiss my ass, haha, I'm going to make a killing on this trade! I have 500 shares of Northern Pacific Railroad, and this stock is definitely going to go up today!"

The clients were just laughing at him; their eyes were full of mockery, indicating they were quite familiar with him. Larry raised an eyebrow. After the year-end dividend, North Pacific stock hadn't been very active lately, its price hovering around $15. Judging from the price trend, it seemed like a good target for going long.

But there's something wrong with this person's high-profile promotion of his stock picks.

But the burly man kept shouting, as if he were filled with resentment towards the gambling establishment.

However, after his reminder, many customers also noticed the North Pacific stock. Some people thought it was quite appealing, so they went to the counter and bought some.

Larry had a sudden idea. He took out the $20 that Mr. Wallace had given him and joined the crowd in queuing at the trading counter.

Business is booming here. During peak hours, the transaction counters open two windows with five tellers filling out forms for different customers.

When it was Larry's turn, he handed over $20 and politely asked, "I just heard that gentleman say he thinks North Pacific is good. Can I trade 20 shares too?"

The teller remained expressionless, simply taking the $20 and asking calmly, "Do you want to go long or short?"

Larry pointed to the burly client in the trading floor and asked, "Sir, are you going long or short?"

“He’s going long!” the teller simply said.

“Then I’ll go long too!” Larry replied.

The teller nodded, wrote "Buy 20 shares at $14.95" on the slip, and then signed his name.

"You'll also need to pay a 25-cent transaction fee!" the teller said, handing over the transaction slip.

Larry frowned. "Do we need to pay transaction fees? But I don't have any extra money... Maybe we should just forget about it!"

The teller shook his head, retrieved the transaction slip, and wrote on it, "Transaction fees not paid, to be collected upon closing the position."

After writing it down, the teller handed the transaction slip to Larry expressionlessly.

Larry smiled at the teller, tucked the order for 20 shares of North Pacific Securities into his pocket, and sat back down in his seat in the trading hall.

With just 10 minutes left before the market closed, North Pacific suddenly hit a high price of $15.5!

The burly man cheered and rushed to the trading counter, begging the three customers queuing in front of the counter to let him close his position first.

As if unable to resist the man's persistent pleading, the three of them simultaneously moved aside.

So the burly man happily redeemed his profits, gleefully cashed out the transaction slip from the cashier, and turned to leave.

A customer sitting next to Larry frowned and said, "...My God, Henry Williams really guessed right today, he made a whopping $500 in one go!"

Larry turned to him and asked politely, "Sir, is the Henry Williams you just mentioned the gentleman who just left?"

“Yes,” the client nodded. “He’s a long-time client who always goes against the betting companies in a high-profile manner, but he’s also very talented. Sometimes his public predictions are right, and many people in the branch follow his bets.”

Larry smiled and nodded his thanks, thinking to himself that this was a way of calling out trades, which was a good way to guide the "fat sheep" to make trades.

The person who gives trading advice is often an independent "expert," but his success rate depends on the number of followers he has.

If many people follow him, his trading will often unfortunately go wrong, and the followers' margin will be wiped out by the market maker.

However, if his followers abandon him and no longer believe in his "market recommendations," then his record will miraculously improve again and again.

Clearly, this expert caller named "Henry Williams" achieved an impressive victory today!

Larry, holding his own order for 20 shares of North Pacific Securities, also walked to the trading counter.

But at this time, more and more people came to cash out, and people crowded together, refusing to give way to each other.

When it was Larry's turn, the teller looked up at the latest price from North Pacific, which had fallen back to $15.05.

So the teller filled in "closed position at $15.05" below the line "buy 20 shares at $14.95". When handing the transaction slip to Larry, the man casually said, "Congratulations, sir, you're having a really good day."

Larry went to the counter to cash in his profits—first the $20 cost, then 10 cents per share, for a total of $2 from 20 shares.

After deducting the 25-cent transaction fee deducted by the cashier, Larry's total profit from this transaction at the Metropolitan Casino was $1 and three-quarters.

Larry put the $20 in his pocket and the $1 and three-quarters of his winnings in another pocket, then walked out of the Metropolitan Casino with a smile.

Larry stepped out of the sight of the people inside the betting shop on the street corner, popped half his body out, and glanced back at the Metropolitan Betting Shop.

No one followed. People in big cities and gambling dens wouldn't care about a young punk trading 20 shares.

Larry pulled out his profit of one and three-quarters dollars for the day, examined it carefully, and couldn't help but sigh.

Today was truly a worthwhile trip!

　Sorry, I'll finish it during the day tomorrow. To make up for it, I'll also do an extra chapter tomorrow.

　　
　
(End of this chapter)