Handies; Lepeski; Hot Issue

[Baker, John]

        Here's an earlier use of "hot issue," from Securities and Exchange
Commission Release No. 33-4150 (Oct. 23, 1959):

        >>The Securities and Exchange Commission today made public a
preliminary report . . . discussing the results of an inquiry into the
circumstances surrounding the distribution of 'hot issues', those issues
which on the first day of trading, frequently the offering date, sold at a
substantial premium.<<

John Baker


> -----Original Message-----
> From: Bapopik at AOL.COM [SMTP:Bapopik at AOL.COM]
> Sent: Friday, April 13, 2001 7:59 PM
> To:   ADS-L at LISTSERV.UGA.EDU
> Subject:      Handies; Lepeski; Hot Issue
>
> HOT ISSUE
>
>    I can't find this classic financial term recorded.  The "Hot Issue"
> market was a big story in 1964.  ("IPO" was not used.)
>    From the NEW YORK HERALD TRIBUNE, 4 June 1964, pg. 31, col. 6:
>
> _"Hot Issue" Gets_
> _Warm Greeting_
> By Ben Weberman
>    Scientific Data Systems, Inc., with a fairy-tale record of phenomenal
> growth, became the second "hot issue" to reach the market this week.