Word: brokering
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...substitute one stock for another on a dollar-for-dollar basis. He may buy more stock if he puts up 55% on each purchase, but that stock immediately becomes restricted also. Only way to avoid these complexities is to walk across the street, open another account with another broker...
...each and every patron a valid option to buy a particular dog. If such patrons choose to flaunt [sic] his good intentions and buy options to line their pockets with unholy gains they cannot thereby make a criminal out of him. Were the rule otherwise, every cotton and commodity broker or dealer in the land would be in jail before nightfall. Does anyone suppose that the delicatessen dealer who buys an option on 500 bales of cotton ever intends to take delivery of it or that the salesgirl who acquires a future in 1,000 bushels of wheat will ultimately...
...Congress last week SEC also sent its long-awaited, highly-involved study of the broker-dealer, plumping for segregation of the two functions. Requesting no new legislation, SEC announced that its first step would be to offer floor members of stock exchanges the choice of being either straight brokers or traders for their own accounts. Exceptions will be made for specialists and odd-lot dealers...
...Chicago Stock Exchange to succeed Michael J. O'Brien, a local partner of Paine, Webber & Co., who had held the post thrice. White-haired President Benson got his start in his father's real estate firm, shifted to American Can Co., later went into roofing. A broker since 1910, he became senior partner of F. M. Zeiler & Co. in 1923. Handsome, humorous, immaculately dressed, "Brick" Benson likes to fish, play golf, lives in suburban Winnetka. Asked about the outlook for U. S. securities, Broker Benson declared: "In spite of all talk about inflation and so forth, there...
...stockholder has to do is make a 10% down payment. Mr. Jones will put up the rest. Every six months another 10% payment must be made, thus clearing up the debit balance in five years. Stockholders have to pay interest to Mr. Jones just as they would to a broker, though incoming dividends from the shares will in the end more than cover outgoing interest...