Word: firms
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Dates: during 1920-1929
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...legitimate brokerage firm acts as an agent for public customers in the purchase and sale of securities. It also obtains credit for such customers, thus enabling them to buy "on margin." If, for example, an investor buys through a brokerage house 100 shares of U. S. Steel stock at $100 per share, he can either pay the purchase price of $10,000, or he can deposit with the broker $2,000, say, as "margin" and let the broker obtain the remaining $8,000 for him. This the broker does by paying the seller the $10,000 due, and then borrowing...
...because of the severe rules of that institution regarding business conduct. Moreover, the customer cannot afford to take the letters of recommendation issued by banks regarding stock brokers too seriously, for the big bucketshops sometimes keep larger sums of money on deposit with a bank than a legitimate brokerage firm. They can afford to do this, since they do not carry stocks and therefore do not need their money in their business, as an honest house does. Oftentimes the banker knows little of practical stock brokerage; he sees simply a large deposit of his books, and judges the depositor accordingly...
This amount, it is estimated, would put the Union on a firm footing in the immediate future and might well lead up to a permanent fund later...
...French Government confirmed for what must be the hundredth time its inalterable decision to remain firm on its Ruhr policy. President Millerand added his voice to that of the Government. During his recent tour of France he says the people energetically supported the Ruhr policy, giving vent to their approval in cries of "Stick it out! " "Don't budge!" "We are with you!" "Don't worry!" Despite these outward manifestations there is an inward tendency on the part of the Government to accede to the growing demands of organized labor and the big industrialists for an early Ruhr...
Zona Gale?"slight, delicate, pretty, shy but firm...