A SMART DEAL ON THE STOCK EXCHANGE.

Auckland Star, Volume XXX, Issue 196, 19 August 1899, Page 7 (Supplement)

A SMART DEAL ON THE STOCK EXCHANGE.

"M.A.P." tells a pood story of Mr Hooley. It was at the time when he was at the height of his popularity and success, when he touched nothing that he did not turn to gold, and could buy nearly everything he wanted at his own price. He went to tlie office of a very well known firm and asked for the managing' partner (who. by the way, is just as smart a man as Mr Hooley is—or was). Mr Hooley, it transpired, had merely called to say that he was willing to buy up the business, "the whole caboodle —lock, stock and barrel." He stated that lie would give the firm half an hour to think over his offer, and if it was refused he would go straight off and buy up Bovril, which he already had under option. The managing- partner took the half hour and went away to consult the telephone. On his return he told Mr Hooley that the offer was politely but firmly declined. Mr Hooley went off to buy up Bovril. The astute manufacturer had used the half hour in telephoning to his brokers to buy up all the Bovril shares on -svhieli they could lay their hands. The shares rose very considerably on the report> that the company was to be "Hooleyed," and the man who declined the offer reaped a corresponding advantage.