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...Surrender. Hotheads along the riverbank cried that the ground had been "salted," began talking wildly of seeking someone to lynch. But who? Nobody had gained by the strike but the bush pilots, and none of the gold seekers believed a bush pilot was capable of such villainy. Some guessed the brass had come from the fittings of a Yukon River steamer, the worn gold from a forgotten prospector's cache. But geologists announced that bedrock at Fishwheel was 200 feet down and that all gold was bound to sink. Nobody solved the mystery. The boom collapsed. Disgusted men began...

Author: /time Magazine | Title: ALASKA: Gold Rush | 11/7/1949 | See Source »

...addition to providing a casual atmosphere conducive to voluntary study, the Center is well stocked with top-quality instructors. The investment course, for instance, is conducted by Ralph B. Dibble, account executive for Merrill Lynch, Pierce, Fenner, and Beane and an instructor at Boston University. A course in contract bridge is given by Forrest N. Maddix, an authorized teacher of the Culbertson System, while William Drake, staff artist on the Christian Science Monitor, offers instruction in cartooning and newspaper drawing...

Author: By Gene R. Kearney, | Title: CIRCLING THE SQUARE | 10/14/1949 | See Source »

Since the farmer seldom comes to Wall Street, the firm of Merrill Lynch, Pierce, Fenner & Beane has decided to bring Wall Street to the farmer.- Explained Merrill Lynch's Des Moines manager Mike Dearth: "The farmer has made a hell of a lot of dough in the last few years. It ought to be put to work...

Author: /time Magazine | Title: WALL STREET: Farmer's Market | 9/5/1949 | See Source »

...catch the farmer's eye, Merrill Lynch posted stock certificates of companies as familiar to farmers as Sears, Roebuck & Co., General Motors Corp., General Electric Co. and Corn Products Refining Co., and pointed out that the shares have been paying 5 to 7%. Though Merrill Lynch was careful not to draw the comparison, this is far bigger than the return that farmers get from savings banks...

Author: /time Magazine | Title: WALL STREET: Farmer's Market | 9/5/1949 | See Source »

Besides stock brokerage accounts, Merrill Lynch hoped to interest prospective traders in the commodity futures market, showing farmers that they could use it to protect them against unexpected price breaks and get better prices for their crops. One farmer who listened to an explanation of how General Mills buys & sells futures, not to speculate but to hedge itself against inventory losses, commented: "And here I thought all the time that they were just playing craps with my corn...

Author: /time Magazine | Title: WALL STREET: Farmer's Market | 9/5/1949 | See Source »

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