Word: alaska
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Dates: during 1930-1939
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Thanks very much for the wonderful boost you gave us (TIME, May 25, June 8). I am enclosing a copy of our paper [Chitina, Alaska Weekly Herald]. I cannot resist thanking you again along with this paper, although I sent you a letter by last boat...
...Chitina, Alaska...
...boom days of 1928 a stock called Alaska Juneau sold for $1 a share and this year it has sold for $20. It is, of course, a gold-mining stock-the one kind of stock which Bears can logically be bullish on- for when everything else goes down, gold becomes more valuable. Last week Wall Street brokers had a tall tale to tell of a fight among the bears which centred on Alaska Juneau and made it the most exciting stock on the Exchange...
...change of financial heart. But Bear Smith, it appeared, had concurred in no such thing. So, while Bear-turned-Bull Danforth bought, Bear-still-Bear Smith sold. Mr. Danforth was extremely annoyed. To get back at Mr. Smith, the best thing Mr. Danforth could do was to sell Alaska Juneau, and he did and he did. And that, said brokers, is why Alaska Juneau went down from $20 to $13 while little bears crowded round the post and wondered bitterly...
...Wall Street. He is quiet, says "smack 'em" whenever stocks are mentioned. He has been mentioned as the No. 1 Bear in Case Threshing and is reported to have bet $1,000 that by the end of 1933 Case would sell lower than his pet, Alaska Juneau. At the time their respective prices were $90 and $12. He is supposed often to have been heavily short of Westinghouse and General American Tank Car. Once last winter he appeared unexpectedly, dramatically, on the floor of the Exchange a little before the opening although he was supposed to be in Florida...