Word: market
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Dates: during 1940-1949
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Paul Hoffman was born 56 years ago in Chicago. He went to the University of Chicago for one year, then quit to sell autos. Selling was his forte. He plunged into the rich Los Angeles auto market, served two years in the field artillery in World War I, returned to Los Angeles to operate the Studebaker agency...
...centuries-old name expressed it differently. She lay back in a deep armchair and waved a delicate hand in a vague, tired gesture: "Whether I am better off? Ma pauvre amie! A year ago I still had my servants-I can't afford them today. I go to market myself, line up in the queue and join the discussion of the housewives about carrots. There were times in my life when I didn't even know what carrots were...
With the drop in trading, the exchanges argued that that was all they could afford. To pay even the bonus, said Curb President Francis Adams Truslow, he would probably have to dig into the Curb's cash reserve. Keefe threatened to strike, shrewdly waited till the market was on its way up-and brokers had their hands full with heavy trading-to call his members out. But even with the lusty help of the seamen, he fell far short of crippling the citadel of speculation...
Something new had been turned up in the grey market in steel. It was the tie-in sale, once familiar to buyers of liquor, steaks and nylons. Last week a special House subcommittee heard two prime examples of how the tie-in works...
...would also pay $875,000 for 28,000 radios. Clark & White accepted the proposition - and lost $580,000 on the radios; it sold them for $295,000. But it made up the loss handily - and $461,120 to boot - by selling the steel in the grey market...