Word: broker
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Dates: during 1940-1949
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...address. The market had just closed with a day's sales of only 290,000 shares; the month just ended had been the worst February in 26 years. The Exchange itself had lost $981,348 in 1940 on top of 1939's $1,149,373 deficit; its broker members, who live on volume, presumably had lost a lot more than that. Thus neither President Martin nor his audience had any reason to be gay. When he finished, he knew and they knew that he had delivered not a valedictory but a funeral oration...
Adam Had Four Sons (Columbia). As the stock market is crashing during the 1907 panic, Broker Adam Stoddard (Warner Baxter) casually tells his secretary: "There's nothing wrong with me that my family won't cure." Forthwith he bustles off to his wife (Fay Wray) and four sons, comfortably settled in an ample Connecticut establishment enlivened by an attractive young governess (Ingrid Bergman). As the Stoddard family bounces along in their touring car or gobbles a big Thanksgiving dinner, they give a pretty picture of opulent early 20th-century existence...
Died. Allen Ledyard Lindley, 60, longtime Wall Street broker, chairman of the New York Stock Exchange's potent Committee on Business Conduct until June 1937, grandson of cable-laying Cyrus W. Field; after brief illness; in Englewood...
...that enterprise was still alive in Britain last week: > It carried one firm too far. Hispano-Britannic Co., West End wholesale house, was fined ?1,250 under the Limitations of Supplies Order, for exceeding its sales quota of perfume, hosiery, fancy goods. >The London, the Associated and the Provincial Brokers' Stock Exchanges took voluntary action to reduce overhead. The kickback which banks and clerks had been getting from brokers as a finder's fee for new customers was cut from 50 to 33⅔% the broker's commission. In the case of other finders or "attaches...
...quarrel with the New Deal was with its attempt "to peg the world price" of cotton-i.e., to keep the price of U. S. cotton above the Brazilian, Indian and Egyptian level, thus stimulating foreign production and killing for good any remaining foreign market for U. S. cotton. Broker Clayton's speech was a straight plea for old-fashioned world free trade. Like Cordell Hull, Free Trader Clayton saw"the menacing power of Hitler" as the No. 1 obstacle to free trade...