Word: stockings
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Dates: during 1920-1929
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Conservative Wall Street brokers last week were flabbergasted by a spirited defense of stock trading which, to many, signified a major sociological shift. Bishop James Cannon Jr. of the Methodist Episcopal Church, South, who could speak for a vast rural constituency, had declared stock trading on thin margin was not gambling, was therefore not immoral. One reason for his vigorous declaration in behalf of Wall Street stock business was that he himself had been caught playing the market through a bucket-shop firm, now closed...
...Gambling on the stock market is not different from gambling in other business transactions. The purchase and quick resale of stocks is not any more gambling than the purchase and quick resale of lots. . . . The amount of margin upon which a man trades does not determine the gambling element. ... A man can buy stock for a small cash payment . . . and there is no reason to call him a gambler because he sells the stock shortly after at a profit. ... If the trading in stocks . . . is immoral, then the church should eliminate from her membership the heads of stock exchange houses...
...selling his records, but mainly for the knowledge of the amusement line and the shrewd sense of business that Singer Jolson has shown. For contrary to the belief that all actors end in an Actors' Home, he has prospered financially and his operations in Warner Bros. (Vitaphone) stock alone are said to have made him a fortune...
Governors of the Manhattan Stock Exchange last week gave permission for the establishment of two branch brokerage offices on ocean liners. De Saint Phalle & Co. will open offices on the French Line ships France, He de France and Paris. M. J. Meehan & Co. will locate on the Cunarder Berengaria and the U. S. liner Leviathan. Details of keeping ocean travelers in touch with market fluctuations have not been announced. Engineers of Radio Corp. of America, however, have been working on a radio ticker.. Particularly appropriate as a wireless brokerage would seem the Meehan ocean-going branches, as broker Mike...
...must be clearly understood that the Exchange is not listing property itself, but only the securities of the corporations handling the property. The investor will not buy the Chanin Building at so much a share but will buy stock in the Chanin company. If the investing public can be induced to think of real estate in terms of stocks and bonds and not in terms of brick and earth, there would seem to be no reason why the investing public will not learn to trade in real estate securities...