Word: cornerer
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Dates: during 1920-1929
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Schaefer, who had been chalking his cue nervously while Horemans shot, bent over the table. With a few beautiful billiards he brought the balls, scattered when Horemans broke his run, into a position in the corner. He began a run, playing as smoothly as if he were unconscious of the concentration of hundreds of eyes and minds on the green table and on that spot in the table where his fingers rested holding the cue. He made fifty, seventy-five, eighty, eighty-five-and then, when it seemed as if he could have gone on making shots like a machine...
...such quantities that the bears could not supply. Shares of the Radio Corporation of America were particularly and peculiarly in demand. One Michael J. Meehan, Manhattan broker, bought and sold them for Arthur W. Cutten of Chicago and the Fisher brothers of Detroit, who managed a sort of corner in R.C.A. stock. Its price, consequently, rose $30 in the week. Prices of other stocks rose correspondingly. When the week ended, members of the New York Stock Exchange realized that on each of five successive days they had traded more than 3,000,000 shares, a record ; that during the week...
...wise ape, was presented repeatedly and alternately with a red card, and with a blue card. With the red card came, always, food in a food box. With the blue card came the food box but no food. After a while, the food box was removed to a distant corner. Red and blue cards kept flashing before Old Lady's eyes. When the blue card flashed, Old Lady gazed at it in polite boredom and went on quietly with her toilet. They couldn't fool her. But when the blue card disappeared and the red card showed...
Shortly after the General Motors spurt, the market's opening was one without parallel in the memory of the oldest ticker-tape scanner in the field district. It had been rumored that there was a corner-in Radio Corporation of America, that desperate shorts who sold 350,000 shares could not borrow any stocks with which to make delivery to the purchasers at 2:15 P.M. Every craning neck in customers' rooms, every visitor in the packed galleries of the Stock Exchange, knew that General Electric Co., Westinghouse Electric Co., National Bank of Pittsburgh and the famed Fisher...
...corner exists when no more stock is offered for sale against heavy bidding for an hour or more. The Stock Exchange authorities then suspend trading in the stock and settlement is arranged on a "reasonable" price basis fixed by the Stock Exchange governors, usually near the last price of sale. This is a modern humane contrivance. Formerly cornered shorts were forced to pay up to their limit of solvency...