Word: broker
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Bars & Hi-Fis. Ayer's company is very largely Ayer himself. He studied to be a physician at Harvard, gave it up after two years, bought an Ercoupe and began flying. He became an airplane broker to satisfy other flyers' needs for planes, soon switched to being a dealer (adding five years to his age to impress customers). He got his first big chance after World War II when the Air Force decided to bypass preliminary trainers and begin fledgling flyers in North American AT-6s (advanced trainers). When other countries followed the U.S., a shortage developed, since...
...began with Dan G. Allen, a limerock dealer, who gradually became aware that "the colored population was moving our way. They have to have some place to go." Allen discussed the problem last month with neighbors and city officials, got the cooperation of Negro leaders and of Real Estate Broker Kenneth Harris, who handled all the sales contracts (average selling price: $9,500) at a reduced commission. Better yet, the Negroes have good prospects for expansion: Pinehurst Courts faces onto a 300-acre undeveloped tract, ready for building...
...with the Old. Despite its frenzied week, the AmEx (the New York Curb Exchange until 1953) has mellowed since its raucous youth. From its founding, around 1850, until 1921, the exchange operated outdoors, as a noisy swarm of brokers and traders crowded Wall, Broad and Hanover Streets from 8 a.m. to sunset, in fair weather and foul. Because trading was done by flashing secret hand signals, whistling and shouting, the marks of a star broker were leathery lungs, a weatherproof body, and a canny ability to decode competitors' signals...
...half-dollars he saved grew steadily, and for good reason. Fraiman lived like a pauper. His home was surrounded by his junkyard near Hatboro, Pa., 15 miles north of Philadelphia. He used an outhouse, burned wood in his stove, ate out of cans. He paid a marriage broker only $15 of the promised $50 fee for finding him a wife, on the theory that it might not work out. It didn't, not after she was extravagant enough on one occasion to squander $1 for a taxi ride home...
...international character of Guterma's operations was also limelighted last week when Canadian Stock Broker J. Ernest Savard of Savard & Hart was suspended from Montreal and Toronto stock exchanges because his firm's capital had fallen short of requirements after involvement in a Guterma deal...