Word: jam
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Although the King's subjects are not Pollyannas, last week they did show widespread signs of realizing that the United Kingdom is in more or less of a jam, has no alternative except to buy her way out by rearmament and piling up of food supplies under such shrewd, secretive bargain hunters as Sir John Simon and Neville Chamberlain...
...told nobody about it when he learned last November that Broker Richard Whitney was not only insolvent but also guilty of using customers' funds illegally. When his partner, George Whitney, came to him to borrow $1,082,000 to help his brother Dick "out of a jam," explained Mr. Lamont. "I moved as my heart dictated." It did not occur to him that it was in any way his responsibility to inform the Exchange or anybody else-even though both J. P. Morgan and his son Junius have Exchange seats. Asked Banker Lamont: "Would you expect...
...Democratic City Chairman John B. Kelly came the only explanation. Said Mr. Kelly: "We all know that George Earle has been in the sugar business all his life. We who are his friends know that he plays the sugar market. What if he was caught in a jam and his brokers called for more margin? ... It is commendable that he ... had to borrow. . . . His Republican predecessors . . . would not have had to borrow...
...Morgan-Partner George Whitney revealed that he had borrowed from Morgan-Partner Lamont the $1,082,000 which he loaned his brother Richard last November to enable him to return securities of the Stock Exchange Gratuity Fund. Said he: "I told him [Lamont] that my brother was in a jam. ... I told him the general terms." Thus added to the record was the name of the second Morgan partner who was in a position last fall to warn the Stock Exchange of the insolvency of Richard Whitney. ¶ After Burco, Inc., an investment trust, used 75% ($725.000) of its funds...
...suddenly in his third game, Mike Blazek began to hear again & again the hallowed sound that is music to a bowler's ears-the clean, choral crash that means a strike. Eight, nine, ten times in succession. Aware that something momentous was happening, excited crowds began to jam behind his alley, but Bowler Blazek refused to be ruffled. Again he rolled a solid pocket smash. Taking his stance for his last and crucial shot, Mike Blazek just perceptibly faltered. His ball crossed the head pin for a "Brooklyn"' hit.* The No. 5 pin wobbled, teetered, finally fell...