Word: broker
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...this the traditional summer rise (since 1897 the market has registered an average midsummer gain of 16% over the spring lows) or the beginning of a long upward pull? One Philadelphia broker thought "Those who now remain on the sidelines might find themselves among the crowd scrambling for stocks 20 points higher." But many were still pessimistic. The mid-August short interest was 2,006,119 shares, a 17-year high...
...spite of her Louisiana upbringing, Mrs. Grant sympathizes with the U.S. Negro's indignation at the unwritten laws which force him, in most communities, to buy only rundown houses in rundown districts. Four years ago, as a broker in a big Los Angeles real-estate firm, she took a call from another broker asking about a new house. Asked Mrs. Grant: "Is your client a Caucasian?" The answer from the caller, a Negro, was cold and angry: "No she's not, and neither...
...Payoff. Big or little, investment companies have one major service to sell: their ability to buy stocks wisely. How well have M.I.T. and Keystone done? A "management rating" system devised by Hugh A. Johnson, a Buffalo broker, gives a clue. Johnson invested a hypothetical $10,000 in each of 35 funds, traced what happened to it over the 1938-48 decade...
Married. Margaret Ann ("Peggy") Hoover, 23, eldest of the ex-President's grandchildren; and Richard Tatem Brigham, 23, Boston wool broker and nephew of New Jersey's Governor Alfred E. Driscoll; in Pasadena, Calif...
Colton and White said they did not know who had bought the bank. Broker Johnston, who was elected a director, knew but was telling no one. However, the United Mine Workers had been talking for some time about buying a bank-and it made good financial sense. The welfare fund was likely to soar to $100 million and the union could make more money by putting it out in bank loans than by drawing interest on it as a deposit. But when newsmen asked Lewis if he was now a banker, all they got was a faraway look...