Word: stockmarketeer
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...Mellon-controlled Gulf Oil Corp. But that was as far as the Mellon help went. With only some fatherly advice from Gulf's Board Chairman, W. L. Mellon, Tom Evans made his way alone. For six years he saved money, like an Alger hero; and played the stockmarket, unlike an Alger hero. Thus he collected $10,000. He wanted to find and buy a family-owned business that had gone to pot. In the down-at-the-heels H. K. Porter Co., in Pittsburgh's slummy Lawrenceville section, he found it. Once a No. 1 builder of industrial...
...stockmarket, already on a liquor spree (TIME, Nov. 8), promptly went through the roof. In New York, American Distilling opened the week at 100, 25 points above last week's close and up 85 points from the year's low. In Baltimore Tom Moore hit a high of $200 v. its $27 1943 low. But before the ordinary stockholder can drink his dividends, he must pay State and Federal taxes, have the bulk liquor shipped around to bottlers, labelers, wholesalers and retailers (who are entitled to the regular 33⅓% markup...
...investors have long taken a poor and antisocial view of the prospects of peace. Last week, once again, peace rumors sent the stockmarket into a four-day tailspin that left it three points lower than it was after the last big piece of good news-the "surrender" of Italy. Up & down Wall Street's cave of the winds went gusty rumors, each dizzier than the last. Gusts...
...stockmarket, as the sum total of many bets on the future, almost always anticipates (and frequently overanticipates) good or bad news. Last week, when Italy finally threw in the towel, the market took the good news in traditional style: it went down. But the drop, two-thirds of a point on the Dow-Jones industrial average, was picayune compared to the threeday, 6½-point nose dive that followed the fall of Mussolini last July, and was more than made up in the next day's trading...
...demise was announced in a curt News box. The paper explained that it was forced to reduce editorial and advertising content because WPB had curtailed newsprint. Therefore, Deathless Deer must go. With her, in the issue of July 19, went Embarrassing Moments, Beauty Answers, Love Answers and the stockmarket column. The fact that the News had recently added a three-page classified ad section was not mentioned...