Word: loeb
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Dates: during 1930-1939
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Most U. S. burls come from Oregon, principally from the Willamette valley. Biggest U. S. burlman is Alfred Adam Loeb of Portland. Mr. Loeb was the first to ship burls directly to the veneer mills of Europe ten years ago. He now ships about 5,000 a year. Possibly 3,000 more are shipped by other people. Last week, as hundreds of Mr. Loeb's arboreal monstrosities lay on the docks of Portland's Oceanic Terminal, the Pacific Northwest forest experiment station announced that as many burls were exported in 1937 as in 1936, despite the fact that...
...Hutton & Co. is something of a misnomer, for E. F. Hutton retired in 1922 and now has only a minor financial share in the business. The $10,000,000 firm is dominated now by a younger group, of whom 38-year-old Gerald Loeb is prominent in the Manhattan office and Gordon B. Crary in the Los Angeles office. Between them these two brokers manage to see a good deal of colorful onetime Motor-maker Errett Lobban Cord, who lives in Beverly Hills...
...observers wondered whether Cord's abdication might not have been the price of a deal with SEC whereby he saved himself and certain good friends from prosecution for manipulating Checker Cab. 1935 E. F. Hutton & Co. partners played no part in the Checker Cab trading. Simultaneously, however, Gerald Loeb and Gordon Crary did considerable trading of Auburn for clients. According to SEC, the pair, through Floor Trader H. Terry Morrison, effected enough artful Auburn deals to raise the price from $38 on Dec. 24, to $54.25 on March 5, 1936. SEC claims that this was done by such oldtime...
...Gerald Loeb is a reasonably rich man with a farm in Redding, Conn., and a mind far more liberal and articulate than most of his fellow brokers. In Wall Street he is noted because he writes E. F. Hutton & Co.'s market letters and because he espouses an unorthodox theory whose kernel is that investment as generally practiced is not as safe as intelligent speculation. This conception is unlikely to endear him to SEC interrogators but thus far has pleased his clients. In hectic September, 1929, just before ''the crash," Broker Loeb's market letter declared...
Having in general stood up for SEC, Gerald Loeb was more hurt than angry last week., Said he: "Neither I nor my firm has any knowledge or information of any manipulative operation in Auburn stock and we are absolutely confident that the investigation will result in complete exoneration...