Word: feldmans
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Dates: during 1940-1949
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Economics Lesson. In Manhattan, when David Feldman was asked by the court how he had managed to save $6,410 in seven years while working as a bootblack, he explained: "I was on relief...
...keep date appeal on a verbal basis, the two groups were separated by a curtain strung across the studio. Albert Feldman '50, Mark Carroll '50, and Signature's Irene Tinker '49 moderated the action...
...FELDMAN...
...story, which the committee dredged up from a dozen witnesses, began with International Detrola Corp., which needed steel for its radios and phonographs. To get a supply, Detrola, in August 1946, bought the Newport Rolling Mill at Newport, Ky. But Detrola's President C. Russell Feldman soon found that he still had a problem : he had no pig iron to make his steel. So, he told the committee, he made a deal with Kaiser-Frazer Corp. to trade finished steel for K-F's pig iron. (He also made another deal, the committee found, with Cincinnati...
Tuned In. Detrola's Feldman soon had another problem: his radios were piling up. So he offered to sell 9,000 tons of steel at mill price ($100.09 a ton) to Boston's Clark & White, Inc., if it would also pay $875,000 for 28,000 radios. Clark & White accepted the proposition - and lost $580,000 on the radios; it sold them for $295,000. But it made up the loss handily - and $461,120 to boot - by selling the steel in the grey market...