Word: hutton
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...performance was almost duplicated in 1935, the stock rising in less than four months from around $9 to above $30 per share. And this time the Securities & Exchange Commission undertook a study of Tack's odd behavior, with particular reference to the big brokerage house of W. E. Hutton & Co. which it suspects of manipulating the stock through the purchases and sales its clients were advised to make...
...last week, SEC had got to the point in its Washington hearing of parading priests, housewives, and the manager of Harvard's Fly Club, all Hutton customers, to tell how they had made and lost money in Tack. Fly Clubber James Corcoran dealt from Boston with W. E. Hutton II, wiring him on one occasion: "I am sitting on 700 tacks. Where do I get off?" Partner Hutton got him off 600 Tacks at a profit of $2,400. The other customers questioned were those of Jerry McCarthy, a customers' man in Hutton's Detroit office...
Young Bill Hutton was also in the Detroit office but the powerhouse there was Jerry McCarthy, whose clientele included a good representation in the Detroit Tigers. Last month SEC summoned Manager Mickey Cochrane to describe how he bought 1,000 shares of Tack, but the famed catcher had evidently found the game too fast to follow. Asked where he had been in November 1935, he said he thought he had been in Wyoming but that might have been in October. "I travel around so much I don't know where I am half the time," he apologized...
...preparing to sail by ocean liner shortly to Manhattan, then sail back across the Atlantic in their enormous oil-burning yacht Sea Cloud, which can most decoratively unfurl itself into an old-fashioned four-masted bark. The Sea Cloud was the Hussar when Mrs. Davies was Mrs. Edward F. Hutton (TIME, Dec. 23, 1935) and $95,000 duty was paid when it entered the U. S. after having been built at Kiel during blackest years of German depression. Sea Cloud ranks as one of the world's most opulent yachts, roughly matching in swank the Nahlin rented by Edward...
...have known some Harvard boys, but more Yale boys," admitted Ina Ray Hutton, billed this week at a Boston theater as "the Blonde Bombshell of Rhythm." She tactfully hastened to add, however, that the reason for the predominance of Yale could be attributed to the fact that she was in New York and New Haven more often than in Boston...