Business & Finance: Record Killings

No one has been more surprised than Wall Street brokers at the recent story by Roxie Stinson (Daugherty witness) of how five of her friends, including the former Attorney Gen eral, made $33,000,000 in a few days speculating in Sinclair oil stocks. The story of Lieutenant Wood's reputed "cleanup" of $300,000 in the stock market has been received south of Fulton Street with polite incredulity. But Miss Stinson's story out-Herods Herod.

John W. Gates, probably the largest-scale speculator in stocks on record, never made $33,000,000 "in a few days," even in the wonderful...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!