WALL STREET: Those Winchell Tips

On his Sunday night broadcasts Columnist Walter Winchell likes to pass out hot tips on stocks to his millions of listeners. Last week some of the heat was on Columnist Winchell himself. In Washington SEC investigators were checking to see if cunning speculators in Florida, where Winchell vacations, had used the columnist to clean up a quick profit at the expense of foolish listeners.

The stock was Pantepec Oil Co., a small company listed on the American Stock Exchange. In his Jan. 9 broadcast Winchell had a "piece of big advance news"...

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