Samstag, 25. September 2010

Stutz Corner 1923

One of the greatest short squeezes in history engineered by the owner of the Stutz company and notorious "Stock Operator" in the early 1920s

A short excerpt can be found here:

http://www.newyorker.com/archive/1969/08/23/1969_08_23_074_TNY_CARDS_000296736


and here

http://www.time.com/time/magazine/article/0,9171,711717,00.html


Excerpt from the Time article:

A notable feature of the early 1920's was the Stutz Bearcat, a fast & flashy automobile that rode, looked, and sounded like a racing car. About the same time that Bearcats were reaching the peak of playboy popularity, Stutz Motor stock provided some excellent advertising by rising in a brief period from $70 per share to $724. That was the notorious "Stutz Corner" engineered by Allan Ryan, son of the late Thomas Fortune Ryan who in his will cut off his speculative heir with a set of pearl studs.

Keine Kommentare:

Kommentar veröffentlichen