America 1919-Chapter 982 - 335. Creating Myth

Wall Street, inside Cummings Securities!

Dick Cummings had a morbid smile on his face at this moment.

"Haha, good, absolutely wonderful!"

Dick Cummings looked at the stagnant stock price of United Artists, feeling it was the happiest thing he had experienced lately.

After investigation, Dick Cummings already knew that in the United States, it’s Donnie and Morgan collaborating with the European Rothschild family.

The war over national bonds in Europe hadn’t ended, yet Dick Cummings had already suffered heavy losses.

Naturally, this made Dick Cummings harbor great resentment towards Rothschild, Morgan, and Donnie!

However, Rothschild and Morgan were too powerful, so powerful that even though Dick Cummings resented them, he dared not show it.

But now, with United Artists’ IPO, and the stock showing no signs of movement, even on the verge of breaking issue, Dick Cummings was glad his rivals faced such problems, even if he gained nothing from it.

"This time, Donnie Block is finally going to fail!"

Thinking about Donnie’s constant victories before, Dick Cummings felt quite dissatisfied. He always believed that Donnie’s success was due to luck rather than ability.

As for why he thought this way, Dick Cummings himself didn’t know; he just did.

"Now everyone is observing, no one is taking action. If this situation continues, it will lead to a vicious cycle of stock price decline!"

After analyzing the current situation of United Artists’ IPO, Dick Cummings felt like celebrating with a drink.

As he was about to open a bottle of whiskey that had been taken from Donnie’s Bootlegging Empire and brought to his liquor cabinet, Mario Gibbs, his secretary, came in with a worried look.

Mario Gibbs knew his boss was very pleased with United Artists’ previous situation, so he was certain the news he brought would upset him, and Mario Gibbs feared Dick Cummings might direct this unhappiness towards him.

Dick Cummings, unaware of the news he was about to receive, smiled and asked Mario Gibbs, "What’s the matter?"

Mario Gibbs hesitantly said, "Boss, we just received news from the NYSE that United Artists’ stock price has risen. It’s already at 27 cents now and still climbing rapidly!"

United Artists and Trident Shipyard both issued 100 million shares, with 30 million shares issued, at 25 cents per share.

In other words, United Artists’ estimated market value had risen from 8-13 million before launch to 25 million US Dollars. Without the film’s success, this valuation definitely wouldn’t have been accepted by Wall Street.

But now the movie starring Griffith and Jessica Dole had officially broken 7.5 million US Dollars, making Wall Street accept this valuation!

"How is it possible?"

Still holding the posture of pouring drinks, Dick Cummings only reacted when the whiskey overflowed the glass.

"Which securities company took action, have their brains been run over by a train?"

Dick Cummings couldn’t understand which securities company on Wall Street was bold enough to be the first to take the plunge?

Mario Gibbs shook his head and said, "It’s not any securities company!"

Dick Cummings was even more puzzled. As previously mentioned, on current Wall Street, it’s more often the securities companies deciding a stock’s price, because most shareholders receive information from them and have little judgment power themselves.

"Many retail investors are calling their stockbrokers to buy United Artists’ stock, even..."

At this point, Mario Gibbs paused before saying, "Even our clients are calling to request buying United Artists’ stock!"

Finishing his statement, Mario Gibbs seemed to know Dick Cummings would ask why it’s happening, so he handed him the "Atlantic City Post" entertainment section!

Mario Gibbs knew his boss never looked at the entertainment section!

"Boss, you’d better take a look at the content here!"

With a puzzled expression, Dick Cummings took the newspaper. As he started reading the content, his puzzled face began to darken.

It turns out that the entertainment section featured numerous interviews with current popular Hollywood actors.

In those contents, a common question was asked.

That was, "Atlantic City Post" inquiring these actors with a massive fan base on how they invested their ample earnings!

The actors replied candidly that previously they hadn’t thought it through but now have decided to buy United Artists’ stock!

"Are these people all crazy?"

Dick Cummings shouted angrily, "Charlie Chaplin, Douglas, Griffith—they are already shareholders of United Artists, of course, they will hype United Artists’ stock, and then there’s Jessica Dole, she’s also an actor for United Artists, naturally she would say that.

Don’t these ordinary people know this?"

"I think they do!" Mario Gibbs nodded and said, "But apparently, even though they know, they are willing to believe what these Hollywood actors say!"