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Handling the long lance lightly, glancing twice or thrice along its length to see if it be exactly straight, Stubb whistlingly gathers up the coil of the warp in one hand, so as to secure its free end in his grasp, leaving the rest unobstructed. Then holding the lance full before his waistband’s middle, he levels it at the whale; when, covering him with it, he steadily depresses the butt-end.

In his hand, thereby elevating the point till the weapon stands fairly balanced upon.
his palm, fifteen feet in the air. He minds you somewhat of a juggler, balancing a long staff on his chin.