Word: stockmarketeer
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...then, RFC has turned down Andy's bid for New Orleans' huge Michaud plant, in which he planned to make boats; the Federal Housing Administration has shown little interest in his grandiose plan to make houses out of a new Higgins material, enameled steel & concrete. And the stockmarket has slumped...
...Exchange last week pictured a sad-faced businessman wearing a dunce cap. He told a sad story: "I tried to get rich quick. In my own business I base my judgment only on facts. . . . Tips, rumors and hunches are out. I don't know why I thought the stockmarket would be different...
This week, as the skies cleared over Labor (see below), the Democrats began to believe themselves. Party morale, like the stockmarket, went sharply up. It looked as if Harry Truman could have his vacation...
...years ago Tennessee-born Bachelor William Hayes Ackland, who had made a fortune in the stockmarket, died at 84. He wanted to leave most of his wealth to a Southern university, to build and stock an art museum. His first will, drawn in 1936, had left the money to Duke University; if Duke didn't want it, the money was to go to the University of North Carolina. Third choice: Rollins. Duke invited Ackland down for a visit, set an architect to drawing plans. Obviously pleased, Ackland drew up a second will, which made no mention of North Carolina...
Last September, the corporation sold its first stock (1,700,000 shares) at $10 a share. In the booming stockmarket it climbed slowly to $15 a share in over-the-counter trading. On Jan. 3, the corporation announced plans to float an additional issue of 1,800,000 shares, asked the Securities and Exchange Commission to approve. At the market price, the new issue would have brought some $27,000,000 to the corporation...