Word: investors
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Dates: during 1940-1949
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Once, it was the gold brick. In Montreal last week it was the atom. Seven smooth swindlers dumped $500,000 worth of atom-bomb stock on scores of gullible Quebeckers. One investor, a Montreal physician, reportedly bit to the tune of $20,000. Since the atom bomb was top secret, the peddlers were mum about the way it was to be commercialized. But their fancy, engraved stock looked mighty pretty. A chunk of "deactivated bomb," a gear or two from an airplane motor, parts of a small lathe were more concrete come-ons. Provincial police, not impressed, arrested two atom...
...time the job was done last November, the pipeline had turned out to be an investor's dream. In the first two months, Chicago Corp. and its pipeline-building subsidiary, Tennessee Gas & Transmission Co., took out $357,000 in profits. Yet last week, Chicago Corp. took the first step towards getting rid of its prize baby. Reason: the Federal Power Commission was probing to see if the building of the pipeline by Tennessee Gas had turned Chicago Corp. into a natural gas company...
...majority of dopesters stood on firmer ground. Their theory: the slump was mainly an investor's psychological reaction to the ominous Washington mutterings that something drastic be done to curb the rising prices of securities...
...Pros. Harry White's argument for his Bank is the very argument that makes the average U.S. citizen leary of U.S. investments abroad: That the private investor got rooked after the last...
...lone investor paid $2,550 for 100 shares of American Distilling Co. stock on Thursday, Sept. 30. If he had happened to sell out at 11:45 a.m. on Wednesday, Oct. 27, he would have made a gross profit of $4,150. Even if he held on-which is much more likely-he would have ended the week with a paper profit of $3,725, almost half of it chalked up during last week's five and a half days of trading. Despite this dizzy boom, he might well think his shares were not overvalued...