Word: broker
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Dates: during 1920-1929
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Married. Helen Wills, champion lady tennis player; and Frederick S. Moody Jr., San Francisco broker; at Berkeley, Cal. At the simple ceremony witnessed by only eight people, Miss Wills wore a tailored suit, was unattended...
Suicides, long rumored, became facts, indicated some losers. Most prominent of suiciders was James J. Riordan, president of New York's County Trust Co. (TIME, Nov. 18). In Manhattan, George E. Cutler, wholesale produce merchant, jumped to death. In Philadelphia, Frank S. Palfrey and W. Paul Brown, brokers, shot themselves. In Chicago, Herman L. Felgenhauer, grain broker, took gas. A Rochester suicide was Robert M. Searle, president of Rochester Gas & Electric Co., who was supposed to have lost $1,200,000 in October. Once before he had lost $1,000,000, had gone to a sanitarium. In Scranton (Pa.), Carl...
Then at 1:30 p. m., a popular broker and huntsman named Richard F. Whitney strode through the mob of desperate traders, made swiftly for Post No. 2 where, under the supervision of specialists like that doughty warrior, General Oliver C. Bridgeman, the stock of the United States Steel Corp., most pivotal of all U. S. stocks, is traded in. Steel too, had been sinking fast. Having broken down through 200, it was now at 190. If it should sink further, Panic with its most awful leer, might surely take command. Loudly, confidently at Post No. 2, Broker Whitney made...
...Thus the session, opening with an accumulation of selling orders, both amateur and professional, was hopeless from the start. By noon more than 3,500,000 shares had been sold in what was obviously a panic-situation. Again bankers met, but issued no statement, hardly retarded the decline. Again Broker Whitney haunted Post No. 2, but at this time U. S. Steel broke through 200, reeled down to a closing figure of 186. All the blue chips of the late bull market were hammered and sliced-the better the stock, the bigger the break. On this...
Last week David Albert Schulte resigned as chairman of the Vadsco Sales Corp., holding company that absorbed Vivaudou last December. The reason given by President McHugh, who together with Broker Jules S. Bache bought Schulte's Vadsco stock, was that the Schulte-United 5? to $1 Stores were cutting prices, a merchandise-moving policy competitive to the interests of Vadsco's small retail customers. Asked to choose between companies, Mr. Schulte had decided to remain with his stores...