WALL STREET: Moly's Fall

On the New York Curb Exchange, few stocks have scooted up faster and higher in a year than Molybdenum Corp., a little company with a new find of rare minerals (TIME, Oct. 15). One of the heaviest buyers was Broker Ted Sterling of Toronto's Watt & Watt brokerage house, who spread the word among his customers that the stock looked good. As the customers and other buyers in the U.S. and Canada climbed aboard the gravy train, "Moly" soared from $13.50 to $80.50 a share.

Last week, under a flood of selling, Moly was going down faster than a guided...

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