Word: timminses
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According to the SEC's suit, the 12 other men first knew of the rich deposits of zinc and copper near Timmins, Ont. as early as Nov. 12, 1962. Acting on this information, these men bought Texas Gulf stock, the SEC alleged.
When a rich lode of copper was discovered at Timmins in Ontario last April, the news set off a wild rush of speculation in Canadian mining stocks. As prospectors staked out some 8,000 claims in the Timmins area, penny stocks became dollar stocks on the Toronto Exchange, and paper...
Early in July, Windfall announced that it had started drilling in the Timmins area about 31 miles from the Texas Gulf Sulphur site. Without so much as a hint of what, if anything, had been found, investors bought up more than 6,000,000 shares of Windfall in the week...
The fall of Windfall brought other penny stocks crashing down with it. Many run-of-the-mine speculators took a hard dive last week, and even experienced investors took a stiff beating. Many companies in the Timmins area were able to put money in their treasuries before the Windfall affair...
Spinning Markets. Under Crump, C.P.R. also rounded out its transportation empire by absorbing Smith Transport, Canada's biggest trucking firm. This fall it will begin construction of a new hotel in Montreal, has faced up to the motor age by taking on the management of motels. But its greatest...