Word: broker
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last fortnight the Supreme Court of the U. S. found the Secretary of Agriculture guilty of error. The error: issuing a final rate order before the Kansas City sheep broker affected by it had a chance to question the Government conclusions...
...type of procedure was essential to the validity of the hearing." Only practical purpose served by NLRB apologists in resurrecting the previous and now superseded decision was to demonstrate: 1) the NLRB may well have acted in good faith in foreshortening its Ford, Republic, Inland procedure; 2) the sheep broker's attorney, Frederick Hill Wood of New York, had notably increased his repute as a New Deal nemesis by persuading the newly liberal Supreme Court to reverse itself...
...witness stand for two hours in Washington. He was trying to tell SEC Lawyer Gerhard Gesell (whose 28 years of age precisely equalled the period Mr. Lamont has worked for J. P. Morgan & Co.) why he had told nobody about it when he learned last November that Broker Richard Whitney was not only insolvent but also guilty of using customers' funds illegally. When his partner, George Whitney, came to him to borrow $1,082,000 to help his brother Dick "out of a jam," explained Mr. Lamont. "I moved as my heart dictated." It did not occur...
...there were problems. As a trustee of the Stock Exchange Gratuity Fund, Dick Whitney in the summer of 1937 handled certain perfectly legal switchings of its portfolio. With the securities in his hands and creditors on every side, Broker Whitney seemingly could not resist the opportunity to hypothecate them for personal loans as he was also doing with the securities of other customers. When Governor Edward H. H. Simmons tried to get the securities back, Dick Whitney stalled for time. Finally Mr. Simmons, who had preceded Whitney as president of the Exchange, forced the issue, got some inkling...
...years" at Muhlenberg College. He plays poor golf, does not ride to hounds, has no relatives at J. P. Morgan's. At 27 he has been in Wall Street barely long enough to learn the ropes with his Uncle Harold at Hoppin Bros. Last week young Broker Haughey found himself scheduled to get Richard Whitney's seat on the New York Stock Exchange.. He had not asked for it, had merely filed a bid of $59,000. Since this was $7,000 above the previous sale, which had set a 20-year low, the Exchange quickly accepted...