Word: grains
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Dates: during 1930-1939
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...cable from London last week made Chicagoans belatedly aware of a new work of art right in their midst. Newshawks shouldered their cameras and hurried out to the Glencoe home of James M. R. Glaser of Rosenbaum Bros, (grain brokers).* In his private bar was a large mural panel entitled The History of Bootlegging. In vaguely Riveraesque manner it showed the familiar figure of Al Capone with a blowsy blonde on the arm of his chair, five scowling henchmen, machine gunners, trucks, planes, motor boats, and the silhouetted figures of couples dancing in a speakeasy (see cut). It had been...
...been said that there are three kinds of liars; liars, damn liars, and statistics--in view of which, the results of the CRIMSON Lecture Poll, as applied to specific lecture, courses must be taken with a grain of salt, Those courses which took the most severe beating-Government 1, Philosophy A, Chemistry 33--are elected by many more students than is the average case, and it is to be expected that these would have attracted most attention...
...directors to a secret meeting, they found Mr. Rosenbaum one jump ahead of them. He had secured an injunction to restrain the Board from suspending his company on the grounds that suspension would force a reckless liquidation of the company's holdings, knock the bottom out of the grain market. But Mr. Boylan had one ace left. If the court would not let him suspend Rosenbaum Grain, at least he could prevent the company from buying & selling grain, by closing the Exchange, which he did. Before it was opened next day, the court conceded his point, forbade Rosenbaum Grain...
Here he was in luck. He soon discovered that of Manny Rosenbaum's 4,000,000 bu. of grain contracts, the commitments on the long side were more than offset by contracts on the short side. Liquidation would not dump quantities of grain on the market at once. By agreement with the banks, who had most of Manny Rosenbaum's spot grain as collateral, the Board of Trade Clearing House selected a group of independent brokers (whose names were kept secret) to close out the Rosenbaum open contracts privately. Within a half hour after the market opened. President...
...Salle Street the crack-up of Manny Rosenbaum was not altogether unexpected last week. After inheriting the firm from his father about 20 years ago, Trader Rosenbaum began an ambitious program of expansion, considered himself something of an Insull in the grain business. Besides loading himself up with grain elevators, he opened a string of 15 branch offices. Lately he was reported slapping quantities of cash into Polish rye, Argentine corn and oats. Sincerely disliked by many a grain broker for his personality and methods, Manny Rosenbaum was a central figure in the Armour grain scandal...