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...final question, often asked, is how profitable such corners in the stock market really are to their manipulators. Press estimates of Mr. Saunders' profits range between 2% and 7 millions. But this profit is, of course, on paper, not cash in the bank. Mr. Saunders, as the result of his operations, now owns most of the stock of his company. The southern banks will probably tire of carrying this stock for him indefinitely, especially as there is no good market for it. When he comes to sell it, his present paper profit will be greatly reduced by the operation...

Author: /time Magazine | Title: Finance: Piggly-Wiggly | 3/31/1923 | See Source »

Declaring that newspapers abroad are in the hands of a few men " of a peculiarly base and odious type," and that the press has become an engine of political action more to be feared than any other organism in the community, Helaire Belloc nevertheless stated that the power of the foreign press is waning. He was addressing the Calvert Association on the 289th anniversary of the landing of Catholic pilgrims in Maryland...

Author: /time Magazine | Title: The Press: Belloc in Arms | 3/31/1923 | See Source »

...During the Past Week the Daily Press Gave Extensive Publicity to the Following Men and Women. Let Each Explain to You Why His Name Appeared in the Headlines...

Author: /time Magazine | Title: Imaginary Interviews: Mar. 31, 1923 | 3/31/1923 | See Source »

...love (and illicit love-which is always more fascinating), riches, social prestige, an underworld motif, intrigue and violence. It appeals to snobbery, outraged morality, pity, terror and man's appetite for the human hunt. Thousands of plain people, reading the lurid three-page account in the Hearst press, can imagine themselves either the beautiful Broadway butterfly, Dorothy King; the rich and socially prominent "angel" and man of mystery, John Mitchell; the dark and debonnaire South American cave man, Guimares; the tragic mother, Mrs. Keenan; the crafty sleuths hot on the scent of the blackmailing murderer; the poor, humiliated wife...

Author: /time Magazine | Title: The Press: News Value of Murder | 3/31/1923 | See Source »

About two months ago nearly every newspaper editor in America committed the sin for which (in the eyes of the profession) there is no forgiveness. They allowed themselves to be "played for suckers" by a press agent. Harry Reichenbach juggled the names of Otto Kahn and the Green Room Club, and thereby got free publicity for Reigen-columns of it in every paper. Reigen is a play by Schnitzer, a great dramatist, but the point which Reichenbach took pains to "put over" was that it was immoral. How many of the millions who read the "story" knew that...

Author: /time Magazine | Title: The Press: A Classic Example | 3/31/1923 | See Source »