Word: broking
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Dates: during 1940-1949
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...group of former guerrillas tore down a steel tube scaffolding. They broke it up, then distributed the bars to demonstrators, who brandished them defiantly. The paraders were excited by their leaders, who made angry speeches against the government and the "murderer," Jules Moch, Socialist Minister of the Interior and head of the police. Among those who listened were many women. One wore a bulky fur coat. Most shivered as the raw mist bit through their worn clothes...
...says Tallulah, "I'm always broke." Her extravagance is so well known that her retinue tries not to let her carry money; when she has it, she often hands out bills to cabdrivers and rest-room attendants without even looking at the denomination. But she has invested heavily in bonds, and is building an annuity that will some day pay $500 a month-maybe enough to keep her in perfume and pet food (her menagerie has included a lion cub, a marmoset, several dogs and a parakeet...
Despite her tremendous drawing power (she once broke attendance records in Boston during a blizzard that stopped traffic and closed the schools), some of Broadway's top producers and directors swear they will never again have any truck with her. (Says one: "The woman is constitutionally unable to fit harmoniously into a group effort.") Mostly, these people are merely unwilling to follow the one tested formula for getting along with Tallulah: give in to her. The formula seems to work for Producer John C. Wilson; he also put on her last show, Jean Cocteau's The Eagle...
...Wall Streeters, last week's drop was more portentous than the actual losses. On the way down, the industrial and railroad averages had broken through their low points of Sept. 27, the last big decline before the pre-election rise. Last May, when both the industrials and rails broke through their previous high marks, followers of the famed Dow theory had proclaimed the "confirmation" of a bull market (TIME, June 14). Now that the same averages had broken through their previous bottoms, did this mean that the bull had been displaced by the bear...
...economy was still running in the opposite direction from the market. The steel industry in October broke all war or peacetime production records, turning out 7,973,416 tons. Employment (at 60,134,000) stayed at its boomtime high. And corporations with record earnings voted extra dividends; there were 44 last week. Yet many stocks were selling for so much less than the actual worth of their companies that stockholders would get their money back if the company passed out only the cash in its till...