Notes for Peter Tettlebach: Taken from Curt Gurling's Smugtown, U. S. A., Plaza Publishers, Rochester, N.Y., 1993; Pg. 118. It is a reprint so the context of the comments would be the late 1950's
There is a fellow who has sort of dropped out of things of late, who made it the risky way -- and way back. He's Peter Tettlebach, Rochester's challenge to Durant and other market operators of the old days.
Way back in the 20's Tettlebach earned a reputation as a "market" speculator. He jumped in and out of stocks like a rabbit needing a saliva test. He would be "long" of one stock and "short" of another. In one spectacular operation in the mid-twenties he became known as the "Cast Iron Pipe King". His trades in U.S. Cast Iron Pipe had the New York speculators panting for breath.
While Pete took a first class "wallet-washing" on that October day in '29, he bounced back like a two dollar tennis ball. He was the one guy who was confident that "they" would go even lower. He made a pretty penny on the short side.
We imagine with the inexorable march of time our local market king has slowed to a walk, content to be "long" in an inflationary period and reaping the benefits thereof.
Children of Peter Tettlebach and Edna Marie Martin are: