Word: broker
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Dates: during 1950-1959
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Tito (who is making a triumphal return call to Moscow this week) has recently been acting as self-appointed broker for Russia's Nikita Khrushchev in the Communist campaign to woo Western socialists. The campaign has not been going at all well, particularly since B. & K.'s disastrous' dinner with British Laborites (TIME, May 7). Last week Tito's patience broke down when he received a letter from Phillips bringing up the subject of the shabby treatment given to Djilas...
...boss of Bay Street, the Wall Street of Canada, Trebilcock runs the world's fastest-growing stock exchange. Since 1951, a succession of booms in industrial stocks, base metals, oil and uranium has turned Toronto into a speculator's mecca-and a broker's madhouse. Though the Toronto Exchange has less than half as much floor space (9,000 sq. ft.) and fewer than one-tenth as many members (109) as the giant New York Stock Exchange, 67% more shares were traded there in 1955 than on New York's Big Board. Many days the ticker...
...trading) was going to investigate possible market rigging brought still more stop-loss orders pouring in. At week's end, the CEA investigation rumors quieted; July futures closed at $3.20 per bushel, a loss of about 22? in three days, and the market seemed slightly firmer. Said a broker: "This is the kind of business that can give you heart failure...
Over Manhattan television and radio stations, in full-page newspaper ads and in big-scale direct mail promotions, Jersey City Broker Walter F. Tellier plugged his penny uranium stocks as "a ground-floor opportunity," "the best buy in 20 years." "You can't lose-you're investing in a sure thing," his high-pressure salesmen promised investors. With this glib spiel, Tellier, one of the biggest over-the-counter dealers in the U.S., since 1951 lured in 50,000 buyers of shares in Utah's Consolidated Uranium Mines Inc. He said that Consolidated had 85,000 acres...
...years, quit at the age of 19 to start in Wall Street as a runner. He moved onto the stock exchange's trading floor as a telephone clerk and, in 1936, borrowed $125,000 from friends to buy a seat on the Exchange. He became a broker for the odd-lot firm of Carlisle, Mellick & Co. (now Carlisle &Jacquelin), and in 1945 became a partner in Spear & Leeds. He was elected a Big Board governor...