Mike conned Eddie out of the diary with no cash changing hands, on the pretext of having 'contacts' who would know how best to handle and place it. In short, he nicked it off the nicker. Mike promised to get back to Eddie when he knew more... [Then] Eddie learned that Mike had only gone and hooked a book publisher, and not just some private collector who would pay in cash and ask no questions.
So now it looks to me like there's a good possibility that Mike was a regular fence and dealer in stolen property, and he and Eddy already had some sort of association. Otherwise why would Eddy give him the book? Eddy must have trusted him because of previous dealings and got "conned".
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