Word: broker
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Dates: during 1950-1959
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...Weirton Steel's West Virginia mill at a price of $5.20 to $5.90 per hundredweight. After the steel was delivered, Phillips obligingly passed it on, at $7.50, to his brother Matthew in New Cumberland, W. Va., who promptly sold it for $9 to Isadore Forman, a Pittsburgh steel broker and "friend of the family...
...Broker Forman said he snapped up the steel because he "saw a chance to make a fast buck. There's nothing illegal. Everybody makes a profit, even Uncle Sam. What's everybody screaming about?" When committee counsel asked if he had prepared a ceiling chart for OPS as required by law, Forman answered bluntly: "When they start talking about filling out forms and stuff for a ceiling price, I am not in the steel business...
...Stadium hardly resembles a pawn shop, but there is a connection in the mind of tackle Bob Stargel. Once the senior was faced with the choice of being a football player or a pawn broker, and football...
...York Curb Exchange, few stocks have scooted up faster and higher in a year than Molybdenum Corp., a little company with a new find of rare minerals (TIME, Oct. 15). One of the heaviest buyers was Broker Ted Sterling of Toronto's Watt & Watt brokerage house, who spread the word among his customers that the stock looked good. As the customers and other buyers in the U.S. and Canada climbed aboard the gravy train, "Moly" soared from $13.50 to $80.50 a share...
Moly's fall is now being investigated by the Securities & Exchange Commission. Broker Sterling says he has done no unloading himself. Said he grimly: "I think the stock is sound. I do not plan to sell...