Word: brokering
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...expense money and hand over 60,000 "free" shares and 20,000 warrants to its underwriters in order to raise $480,000 of new money -a suspiciously large underwriting commission. To create the appearance of great public interest, promoters sold stock through boiler-room operations, also arranged with cooperating brokers to buy shares, offering to purchase them at cost plus a 1/16-to 1/4-point profit for the broker. Seeing the stock rise, other brokers jumped in, began trading. All told, the SEC discovered, some 190 firms bought and sold Oreclone shares, either as principals or brokers...
...more. The times and the people "demand a vigorous proponent of the national interest-not a passive broker for conflicting private interests. They demand a man capable of acting as the Commander-in-Chief of the grand alliance, not merely a bookkeeper who feels that his work is done when the numbers on the balance sheet come out even. They demand that he be the head of a responsible party, not rise so far above politics as to be invisible...
...Union Nationale ministers, clearly split, closeted themselves in Quebec City's famed Chateau Frontenac hotel. Significantly, Duplessis' closest crony, Attorney General Antoine Rivard. faded fast as a candidate. In a deadlock between Montreal and Quebec City factions, Dark Horse Barrette, a Joliette (pop. 19,000) insurance broker who still carries a union card as a machinist, emerged as the com promise...
...week's biggest worry was over tight money; interest rates were edging up all along the line. Led by C.I.T., the big finance companies hiked their rates on commercial borrowing; New York banks boosted the rate they charge on broker-dealer stock market loans by ½% to 5½%. The U.S. Treasury, in its weekly rollover of $2 billion in short-term debt, had to pay a record 5.099% on one 182-day offering. Another dampening effect was the prospect of an increase in the 4% discount rate that the Federal Reserve charges member banks...
...mind, the more horrifying because it has been so thoroughly excluded from his conscious thoughts. It is the idea of suicide. Another story whose effect lingers after the pages have been turned is Bernard Malamud's The Magic Barrel, an understated, poignant account of a Jewish marriage broker, his errant daughter, and a wife-seeking young rabbi...