Word: firming
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Dates: during 1930-1939
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...repledged their loyalty to Leader Hitler who three weeks later became Chancellor. Because he knew too many Brownshirt secrets, Judas Strasser was not punished. Later, recalling that in Munich Herr Strasser used to keep a drugstore. Chancellor Hitler made him Commissar (Nazi supervisor) of the great Berlin chemical firm Schering-Kahlbaum A. G. Last week Commissar Strasser suddenly invited all Berlin correspondents to visit his plant...
...Camelot, Fred Goudy's first font, he sold to a Boston firm for $10. Type founders who wish to buy a new Goudy alphabet today must pay $1,000 to $5,000 and in addition collect royalties for Goudy for its use outside the foundry...
LaBranche & Co. is a firm of "specialists" who, acting for other brokers, keep a record ("book") of orders placed above or below the market. When the market price reaches the prices fixed in the orders, the specialist executes them. Because the specialist thus knows the supply & demand factors better than anyone else, the Stock Exchange has passed very strict rules forbidding the specialist to use this inside information for his own gain. Offenses are called "trading against the book...
...total of 3,500 shares at $31 a share. On his book he had orders to buy 5,000 shares of Atlantic Re fining at that price. Instead of matching the 3,500 sell orders with 3,500 of the buy orders, Fisherman LaBranche bought for his own firm 2,000 shares at $31, thus filling only 1,500 of the buy orders, not 3,500 shares as he could have done. Presumably those people whose orders went unfilled had to pay higher than $31 to get their stock. Likewise while the specialist in American-La France & Foamite, Broker LaBranche...
...been acquired by Winthrop, Mitchell & Co. of Manhattan. Month ago Arthur S. Jackson, senior partner of Jackson Bros., Boesel, who managed their Chicago office's grain commission business (largest in the U. S.), died in Manhattan. Thus Jackson Bros., Boesel plans to become simply a Manhattan brokerage firm, passed on the title of biggest grain broker to Winthrop, Mitchell...