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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...

Author: /time Magazine | Title: STEEL: The Daisy Chain | 12/3/1951 | See Source »

...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...

Author: NO WRITER ATTRIBUTED | Title: Stargel, O'Neil . . . From Pier, Pawnshop | 11/10/1951 | See Source »

Officially, the U.S. was playing the role of "honest broker" between Iran and Britain-a role which pleased neither. Unofficially, the State Department talked of a settlement based on full acceptance of Iran's nationalization laws. That would mean final liquidation of the old Anglo-Iranian Oil Co.'s holdings, with compensation for British properties already seized. The British would market Iranian oil at prices sufficient to assure Britain a reasonable profit. A "neutral" manager under Iranian government control would run the Abadan refinery with an international staff of Dutch, American and other technicians, including British...

Author: /time Magazine | Title: Foreign News: There Might Be a Chance | 11/5/1951 | See Source »

...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...

Author: /time Magazine | Title: WALL STREET: Moly's Fall | 11/5/1951 | See Source »

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...

Author: /time Magazine | Title: WALL STREET: Moly's Fall | 11/5/1951 | See Source »

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