Word: brokering
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...name of Rosenbaum was on every broker's tongue one morning last week when, precisely at 9 o'clock, the great 1,500-lb. bronze bell on the trading floor boomed not once-the signal for trading to begin-but five times. High up in the visitor's gallery an official uprose to bellow that the market would not open until later in the morning. At 12:30 it was announced that because of peculiar circumstances the market would not open...
...Every broker knew what the "peculiar circumstances" were: with 4,000,000 bu. of wheat, rye, corn and oats, Rosenbaum Grain Corp. had gone to the wall the previous afternoon. The scarcity of wheat caused by Drought had eaten into Manny Rosenbaum's warehouse business. Income from storing other people's wheat (1½? a month per bu.) had sunk out of sight; in its place was a heavy drain on cash for upkeep and taxes. And loans from banks were large. Rosenbaum Grain Corp. filed petitions in Delaware's and Chicago's Federal Courts...
...Louis, Mrs. Nellie B. Stull, marriage broker, founder of the Widow & Widower's Club of America, complaining that business is bad, said: "A man admires the woman who makes him think but he keeps away from her. He likes the woman who makes him laugh. He loves the girl who hurts him. But he marries the woman who flatters him. It was always competition more than love that got men into matrimony. Now with so many women hanging around, flattering them, there isn't any more competition...
Apparently the hard-hitting broker, who has spent most of his five years in office battling his institution's enemies, preferred harmony to an open fight. He informed the nominating committee that he would be pleased to accept a place on their official slate as a candidate for one of the ten regular governorships open each year. And with Mr. Whitney out of the race the next president of the New York Stock Exchange will be the nominating committee's choice-Charles R. Gay. head of the oldest house on the Floor, Whitehouse & Co. On him will devolve...
...consistently bungled his job, notably in public relations. Many a broker feels that the Exchange could have headed off at least the most onerous forms of Federal supervision if, instead of stubbornly defending the status quo, its president had led a movement for voluntary reform...