Word: broker
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Dates: during 1950-1959
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...white-striped symbol of unity flown by Calvinists in seven northern provinces of The Netherlands during the revolt against Spain that began in 1568. This theory, based on 16th to 18th century paintings as well as written records, is the work of Lawrence Phelps Tower, a Wall Street broker who once made a business of tracking down obscure paintings for art galleries, and who for the last ten years has been national secretary of the U.S. Flag Foundation...
...broke sharply (TIME, March 21), the number of odd-lot sales rose sharply. But, in general, the small investor is not an in-and-out-of-the-market speculator. Chief reason: it is slightly more expensive to buy or sell odd lots at a given price since an extra broker's commission of one-eighth of a point is charged...
...blue chips (the big investment trusts and M.I.P. usually buy only blue chips). Merrill Lynch, Pierce, Fenner & Beane, which sells more stock to small investors than anyone else, has another reason for their new shrewdness about the market. Thanks to a widespread educational campaign by Merrill Lynch and other brokers, small investors have no hesitation about going to a broker for the same information that was once available only to large investors...
...economics education on the public school level, Monroe C. Gutman '05, New York investment broker, has donated $50,000 to the Graduate School of Education for a comprehensive study of the best method of elementary teaching in the basic history of the United States government and economy...
...addition to spreading more information, brokers are going to have to do some leg work to get new customers. In the upper-income bracket ($10,000 and over) 65% of the people who have never owned stock reported that they had never been in contact with a broker, and half the adult population does not even know where to find a broker...