Word: brokering
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Banks. The World Bank, turning from lender to broker, got ten U.S. banks to lend four Dutch shipping firms $12,000,000 to buy cargo-passenger vessels. Henceforth, said Vice President Robert L. Garner, the World Bank will try to steer foreign loans to private institutions...
...next month's hearing finds Eaton's Otis & Co. guilty, the firm will lose its registration as a broker, be expelled from the National Association of Securities Dealers and banned from any association with its members. That would about put Otis & Co. out of business...
...long last, Anna Roosevelt Boettiger got rid of her floundering Phoenix Arizona Times. The new majority stockholder is G. Hamilton Beasley, a wealthy Los Angeles investment broker with a home near Phoenix. The minority stockholders are a dozen Phoenix business and professional men. The sale price was a secret, but Phoenicians gossiped that Anna and her backers had lost their shirts and that the new owners merely assumed the paper's bills. The new publisher of the Times is Columbus Giragi, bombastic New Deal-hating political columnist...
...still "a patsy for a handsome guy." She fell in & out of love as wildly and thoughtlessly as a high-school girl. In 1940, she had married a young yacht broker named Willis Hunt Jr., left him in two months complaining that he was "sarcastic." Two years later, in war-darkened London, she fell ecstatically in love with a young American aviator, Captain Thomas Wallace. They were married in a church-"with a veil and all"-after which she hurried off to Africa. When she saw him in New York the following summer, she found that she hardly knew...
...face of these checks and dampers, Stock Exchange President Emil Schram, a onetime New Dealer with a deep-seated fear of wild speculation, was "not so sure this is anything more than a flurry." The diehards who were clinging to their bearish positions hoped he was right. Broker John H. Lewis, who had been one of the first to see the 1946 bear trend, was still seeing the market in a cold grey light. But he confessed that he was lonely. "Until a few weeks ago I had a lot of company," he said. "Now, I'm about...