Word: brokering
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...Keith Funston explained to the visitors how Americans can own the tools of production simply by buying stocks. When one Red journalist jestingly pointed out that Anatoly Vladimirovich Sofronov is a prosperous playwright as well as editor of Ogonek, one of Russia's most successful magazines, a nearby broker quickly handed Sofronov his card, just in case he wanted to invest his money. At the Metropolitan Museum of Art, the journalists paid scant attention to the pictures. Instead they hobnobbed with a group of sixth-graders from Brooklyn's Ethical Culture School who were being lectured...
Ever since J. Russell Maguire, oil speculator, munitions maker and onetime broker, took over the fading American Mercury (circ. 66,017) in 1952 he has had staff trouble. Within six months Editor William Bradford Huie walked out rather than turn over editorial control to Owner Maguire. Last week most of the Mercury's top editors left in a body. Out went Editor John A. Clements, who is also promotion boss of the Hearst, magazines, followed by Editorial Writer J. B. Matthews, Military Pundit George Fielding Eliot, Author (Seeds of Treason) Ralph de Toledano and three others. Columnists Howard Rushmore...
STOCK SALES of new issues will be helped by changes in SEC rules. Instead of restricting companies to "tombstone ads," i.e., bare facts a out the broker's name, address, and the security to be sold, SEC will permit them to publish advance sales bulletins with enough detail about pricing and underwriting to attract dealers and customers...
Divorced. By Mary Astor, 49, longtime cinemactress (The Maltese Falcon): fourth husband Thomas Wheelock, 51, sometime stock broker; after ten years of marriage; no children; in Los Angeles...
...Ocean City, N.J., 21-year-old Corny ("Glit") Shields Jr., son of Broker-Yachtsman Cornelius Shields (TIME, July 27, 1953), outskippered 24 other contenders to win the International Class no championship in five days' close racing...