Word: brokering
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...Douglas' idea of segregating the underwriting and merchandising functions of investment banking, Banker Hall cited SEC itself on the somewhat analogous problem of dealer-broker segregation, SEC having admitted in a report to Congress that it did not know enough about the subject to launch a broad reform program...
...until a few years ago H. B. Housser & Co. avoided mining issues like the plague. A director in such companies as Canada Foundries & Forgings and Stop & Shop Stores, Broker Housser found unspectacular industrials good enough to give him a city home on Warren Road, a country place in Thornhill, just outside Toronto. But with arrival of the mining boom, which has made speculation in Toronto as common a pastime as the cinema, H. B. Housser & Co. began to diversify. Harry Housser was one of the group which backed Kerr Addison, which in the past year went from a few cents...
...pennies" that give Toronto its peculiar flavor. Bay Street (Toronto's Wall Street) and the surrounding district are not unlike any financial district in smaller U. S. centres. There are a Childs and a Savarin restaurant. Because hard liquor is banned in Ontario restaurants Toronto has developed a "Broker's Cocktail," a startling yet appropriate combination of beer and champagne. For in Toronto, the gap between beer and champagne may be extremely narrow and is frequently bridged on the pungent name of a northland mine. Last year the best bet among the pennies was O'Brien Gold...
Every runner in Bay Street knows the story of the fun-loving Toronto broker who bought 20,000 shares of Continental Kirland at one-eighth of a cent per share to send to his friends as Christmas cards in big denomination certificates. After he had mailed every last certificate, the stock suddenly bounced to 80? per share, a 640-fold appreciation...
...income to the Government. For a while he dabbled with a string of race horses, has lately bought up and combined Toronto's Globe and Mail & Empire (TIME, Nov. 30). But he admits that newspapers bore him, and no one has yet discovered why he set up his broker, C. George McCullagh, as a bigtime publisher...