Word: streeters
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...gloomy New Haven office last week, Boston's Frederic C. Dumaine Jr. and Wall Streeter Patrick B. McGinnis met for the decision in their fight for control of the New York, New Haven & Hartford Railroad. They were there, along with 200 New Haven stockholders, for the railroad's annual meeting which would decide who would walk out as boss of the $500 million line...
...Wall Streeter McGinnis knows that he will have to have help from Buck Dumaine, if he hopes to push his ideas through. Said he: "I don't think Buck's going to oppose my ideas just because they're mine. After all, he's got a tremendous investment [more than $18 million] in the New Haven." Buck Dumaine would only say: "Mr. McGinnis will have to do more for the railroad than I have done if he is to succeed. Let's take a look at the situation a year from...
Pumps & Hunches. C.F. & I. owes much of its phenomenal growth not to an oldtime steelman but to Wall Streeter Charles Allen Jr., 50-year-old head of the Manhattan investment firm, Allen & Co. (TIME, Aug. 2, 1948). A shrewd operator who credits his success to playing hunches backed by common sense, Charlie Allen set up his own brokerage house when he was 19, went broke and lost $1,000,000 in the 1929 crash, made a fast comeback buying blocks of stock at bargain prices. Currently, he controls 13 companies, worth some $450 million, including Arma Corp. (electronics, navigational equipment...
...outer, Wall Streeter Allen has built a reputation for buying into promising situations and developing them. Allen thinks that Colorado Fuel & Iron is still so promising that he plans to stay with it for some years to come...
...Last month red hats were awarded to 24 new cardinals- including one American, ex-Wall Streeter...