Business & Finance: Official Bear

Daniel Manning McKeon, a member of the New York Stock Exchange but a partner in no firm, was not summoned to Washington during the recent bear-hunt. Nor did his name appear upon the Senate's list of big shorts. Although his brother, Robert Manning McKeon, is known in Wall Street as an important independent floor trader, Daniel McKeon had little fame in the financial district until last week.

One morning 20 minutes after the market had opened President Richard Whitney mounted his rostrum, rang the electric gong. What trading there was came to a halt. Gravely President Whitney announced that Member McKeon had...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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