Word: stockmarketeer
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Dates: during 1930-1939
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...speculating public in 1929 was not supplied with a wider assortment of tips on the stockmarket than the assortment of tips on the next election which were last week available to U. S. voters. These tips belong to three general classes, the results...
...When the stockmarket closed last week, 60 stocks had made new highs for 1935, while New York, New Haven & Hartford was sinking to a record low (see below). Dow-Jones averages on 30 industrials showed a week's rise of 4.38 points. Moody's Investors' Service reported that 70 industrial companies reporting nine-month 1935 earnings were 17% ahead of 1934. Many of the market favorites were selling at two or three times their lows of last March. Cheered by Chrysler and General Motors earnings, excited by the approach of the New York automobile show...
...Manhattan's Grand Central Terminal to perform the saddest duty that ever devolves upon a railroad man. He announced that the New Haven could not meet its obligations, was filing a reorganization petition under the Bankruptcy Act. Mr. Palmer's announcement was hardly a surprise. Indeed, the stockmarket was so resigned to the huge collapse last week that shares of other carriers actually rose after the bad news was out. Alone in their decline were New Haven bonds, which dipped to 25? on the dollar, and New Haven stock which sold at an all-time...
According to the stockmarket's omniscient policeman, Mr. Meehan had been jiggling Bellanca since last April, using the old but now forbidden device of "matched orders''-buying & selling simultaneously to create an appearance of market activity. This is done to make the public think that something exciting is about to happen in the stock under manipulation, lure them in as buyers. Jiggled or not, Bellanca rose from a low this year of $1.75 per share to a high of $5.50. Last week, though no one except a few SEC and Curb officials were supposed to know about...
...stockmarket promptly passed judgment on its president's speech by darting upward. Wall Street funsters called it the beginnings of the "Great Gay Market...