Show Boiler Room Bilking Nets Million Each year Americans lose some million in fraudulent stock-selling stock schemes t th the h e Catholic Di Digest est states ONE OF the oldest but most effective schemes of the boiler boil er room operator goes like this he sends a letter to 1000 persons about Company A stock The first persons are told that the stock will go godo godown godown do down and the rest that it will go up A week later the stock has moved one way or the oth oth- er The who were advised wrong are ignored But the other other oth oth- er are sent a second letter about Company B. B Bi are told that the stock will rise the theother theother other half that it will fall AFTER TIlE THE THE third time the who have been correctly advised all three tI times are given a pressure high-pressure sales pitch On the record of three correct tips in a row the suckers suckers suck suck- ers are are convinced that they should get in on the ground floor |