Word: buying
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Dates: during 1920-1929
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...Samuel Insull's power interests came into the investigation, they went out, when Charles O'Malley, Boston advertising agent referred to in Carberry's letter, testified he had not mentioned Insull to Carberry; had mentioned, instead, two Manhattan brokers, one Campion, one Colloran, who wanted to buy the Post for "other interests...
...Samuel Emory Thomason, half of Bryan-Thomason Newspaper Publishers, Inc. (TIME, May 20), also testified. He admitted that he had been commissioned by International officials to try to buy many midwest newspapers. The Cleveland Plain Dealer, said Co-Publisher Thomason, was approached by him. It refused an offer of 21 million dollars. The Plain Dealer was not for sale, Mr. Thomason was told. With many another journal he had the same success. But in three newspapers (Chicago Journal, Tampa Tribune, Greensboro, N. C. Record) owned by Bryan-Thomason, International has an interest...
...Business Machines (headed for the 200 mark), on General Electric (may split 4 for 1), Baltimore & Ohio (earnings may be $15 a share this year), and on many another stock. There was also definite bear counsel on Public Service of New Jersey (priced too high), American Power & Light (why buy stocks at their high?), Wright Aero (headed for lower levels soon) and others, including general disapproval of coppers and oils...
...I.ast week Mr. Raskob announced his idea for a giant investment trust for small-capital men. Theory: Let a workman take, for example, $200 to the proposed trust. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral. He would then repay the $300 at the rate of $25 a month. Thus might small-capital men, instead of spending on the installment plan for radios, motors, refrigerators, invest in installments in sound "rich-men's" securities...
...Stock Market, pictured as a kind of financial safety valve in which surplus funds may harmlessly be blown off. Mr. Simmons did not claim, however, that these surplus funds should remain in the call money market. If, said he, the corporations that are lending money on securities would instead buy those securities (that is, if a corporation bought 1,000 shares of stock instead of putting into the call money market $100,000 secured by those 1,000 shares) brokers' loans would diminish, the market would still be supported, and all would be well. But this solution remains impossible...