Word: goldsmiths
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Wall Street's "Maggie & Jiggs" Forecaster Frederick N. Goldsmith, 83 (TIME, Sept. 27; Nov. 29) was permanently enjoined last week by the New York State Supreme Court from selling any more stock-market letters. The court ruled that as Goldsmith got his tips from the comic strips and departed spirits (instead of "recognized sources") and did not inform his clients of his sources, his letters were worthless...
...League basketball, the classy, high-rated Lowell team continued its victory streak with a solid 51 to 23 win over Adams. The Bellboy five couldn't miss, scoring on set shots, hook shots by John Altrocchi, and fast drive ins by high scorer (21) "Goldie" Goldsmith. The squad also kept firm control of the backboards. In the B League game, Adams beat Lowell...
...place unit into a combination that is both tall and talented. The rest of the world quavers at the thought of the fluid, everybody-is-a-forward, Varsity-type system cooked up by Coaches Cliff Crosby and John Rockwell. The Bellboys also boast the only certain starting lineup: Jack Goldsmith and Wally Coulson at guard, Fred Donahue and Mike Post at forward and John Altroechi at center...
...Goldsmith's customers eagerly defended him in court; one testified that he had made $150,000 on Goldsmith tips. A customers' man from E. W. Clucas & Co., a brokerage house, said that Goldsmith's market letter was the "best of them all." Would he have thought so if he had known the tips came from the comics, he was asked? The customers' man brushed that off as other witnesses had. It was not important. Said he: "I'm only interested in making a profit...
...only one, apparently, who had not made a profit was Goldsmith. He ruefully admitted that he had not followed his own advice-and had lost on the market...