Word: wall
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Dates: during 1960-1969
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McGinnis concedes, however, that his merger proposals are still "at a very informal stage," and on Wall Street last week some of his old colleagues did not seem to share his confidence in the Boston & Maine's future. "I think a swift breeze could take them right off the diving board," said one metaphor mixer. "McGinnis is probably abandoning a sinking ship...
...last April, he had picked up 14% of Celotex's outstanding stock. Alas. Celotex shares began to slip-from $41.75 in March to $25 on Wall Street's Blue Monday. Since Gilbert presumably bought most of his Celotex stock on margin or had used it as security for loans to buy still more, he stood to see it sold out from under him unless he could raise more collateral. Evidently assuming that he could make restitution when the market rose again, he began writing out checks, and with remarkable ease persuaded other Bruce officers to countersign them...
Eddy, however, insisted that he was "not fleeing United States justice" and still hoped "to pay everybody back and make everything whole some day.'' But he conceded that he had perhaps been overambitious in his Wall Street operations and added pensively: "I would like to write a book warning other young...
...year low of $16.4 billion. So persistent are rumors that the U.S. might be forced to devalue the dollar by raising the price of gold that speculators have grabbed up gold shares enthusiastically enough to make them the only group of common stocks to defy the plunge on Wall Street...
...only solution McGinnis sees to the B. & M.'s troubles is a merger, and he is moving over to chairman-at a $44,000 salary cut-to put all his time, and his experience as a longtime Wall Street expert on bankrupt railroads, into finding one. McGinnis would first like to merge the B. & M. with the Delaware & Hudson, with which it connects, and then with the booming Norfolk & Western. This arrangement would eliminate much of the $7,000,000 a year that the B. & M.. as a terminal line, pays other railroads in freight car charges...