Word: counters
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Dates: during 1940-1949
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...Raid & Counter-Raid. Two days later, the R. A. F. hunted out the Stuka base at Catania, firing hangars and gasoline dumps, ripping the runways, destroying or damaging some 40 grounded planes. German bombers kept striking back at Malta all week, claiming hits on a cruiser and new hits on the Illustrious, insisting she would be out of action for the rest of the war. The British announced ten German planes shot down over Malta in the first attack, then 15 more, added to their total with every raid. Meanwhile their own bombers hammered away at Catania...
Thus last week was completed the largest over-the-counter transaction ever made in a security listed on the New York Exchange. The sale (at 34½, closing price on the Big Board) involved nearly as many shares as all 1,344 members of the exchange had traded all that day, 100,000 more shares than they had traded the previous day. If Wall Street needed any more proof that after-closing sales had become a serious rival of trading on the floor, this...
...some underwriters (like Dillon, Read) and to big exchange members, such off-the-market distributions have been a lucrative sideline to regular business. But the rank & file of Stock Exchange members have had to stand by and squirm while a lot of potential commissions went over the counter & far away. Many a broker wondered last week whether the Big Board was about to become merely a device for establishing quotations, while the business went elsewhere. Their only consolation: that big blocks of stock like Harkness' are being distributed into small investors' hands, whence it is likelier than before...
...London, named Reinhold Schairer had a sensational story to tell: A British committee had collected evidence that Soviet Russia has stationed Communist educators in strategic positions through Europe, primed to take over the universities with a new (Communist) educational plan when and if Germany collapses. Britain, as a counter move, plans to infiltrate continental schools with educators prepared to teach democracy. Already organized in the U. S. is a committee to help in this job, the U. S. Committee on Educational Reconstruction, headed by Dr. Frank Aydelotte, President of the Institute for Advanced Study, and financed by the Rockefeller Foundation...
...easily could be) to make a dent on Britain's need. This week, Quinn & friends were back in Wall Street, still discussing. Meanwhile the British were discussing too. Faced with Morgenthau's ultimatum, they were still reluctant to put their properties on this or any other counter...