Commodity trading – As for its fundamentals, I was satisfied as soon as I found out about the wide acceptance of their “Kent” and “Old Gold” cigarettes.

I decided that if it showed signs of going above 27 I would buy it. I asked my broker to cable me daily quotes. It soon became clear from these quotes that certain knowledgeable people were trying to get into this stock in spite of the general state of the market. Few people at that time had the faintest indication that LORILLARD was to make Wall Street history, that it was to shoot up to a most astounding high in a relatively short time, watched by the amazed and gasping financial community. We were at the depth of the baby-bear market and the atmosphere was rather gloomy. But, as if unperturbed by the general pessimism, lorillard was happily jumping up and down in its little cage.

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