Word: snooping
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Dates: during 1940-1949
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...Snoop & Jiggle. Though the Street always purrs with "inside information," the days of great market rigging schemes and of pools operated by "insiders" are dead & buried. (In 1929, there were 105 pools in which insiders ran up the price of the stock by buying heavily, then sold to outsiders and left them holding the bag.) The Securities & Exchange Commission keeps too close a watch now for any such shenanigans...
Working on the theory that "it takes a snoop to catch a jiggle," SEC has 1,100 employees watching all market operations, keeping a constant check on the ticker tape, looking for any unusual buying or selling. (In Manhattan, SEC's tape watcher is an old pool operator of the '20s who knows all the tricks.) If SEC smells something suspicious, it questions the traders, the officials of the company and, if need be, follows up with subpoenas and injunctions. Stock Exchange members, who once bitterly hated the reforming SEC, have learned to live with...
...hospital with his arm braced in a traction apparatus, a staggering total of $126,900 was offered ($100,000 of it by the U.A.W.) for the arrest and conviction of the gunman. Last week every cop, private dick, stool pigeori and neighborhood snoop in Detroit was working overtime, and half the population seemed to have turned amateur detective. But at week's end the assassin was still at large...
Spencer J. Drayton knew mighty little about horse racing, but in 14 years with the FBI he had learned how to smell out sharp practices. Last week, after three months of stable sniffing, coolheaded, closemouthed Spencer Drayton made his first big news as chief snoop for the Thoroughbred Racing Associations' 37 race tracks. Case No. 1 was the story of three jockeys who "connived and conspired" to fix a race at Florida's Tropical Park last April 17. One of them, Robert Keane, then doublecrossed the others by riding to win, when he was "supposed" to lose...
Sanitary Clauses. In Newark, Health Officer Charles V. Craster announced that an inspector-Santa Claus would snoop around to make sure that other Santas obeyed health rules: 1) no kissing children; 2) no wiping noses on gloves; 3) no dirty beards...