Aeronautics: Short Sales

For a month rumors have seeped through Washington that certain people with advance information made a killing by selling air stocks short just before President Roosevelt ordered the domestic airmail contracts canceled. Last week President Richard Whitney of the New York Stock Exchange delivered to the Senate Banking & Currency Committee a long and miscellaneous list of 555 air-stock sellers. Politicians and the Press 'made a big to-do over the fact that J. P. Morgan & Co., than which no organization has at present less political pull, had sold 4,500 shares of United Aircraft fortnight before the Feb. 9...

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