On Dec. 1, 1928, John Smith, U. S. citizen, decides that he may as well collect some of the easy profits available on Wall St.'s bull market. From the bank he draws his life savings of $15,000. A study of margins shows him that with this $15,000 and a friendly broker he can purchase $150,000 worth of stocks. From a study of market news he picks any five stocks which seem to be favorites of the bull operators. For example: Curtiss Aero, International Harvester, Montgomery Ward, Radio, Victor. So Speculator Smith speculates in 100 shares of each of these stocks.
Speculator Smith...
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