Word: marketer
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Dates: during 1920-1929
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...wages and prices would suit the operators better, but the miners would still fear secret intrigue. With all its defects, the first proposal of the miners is the clearest of all the plans. It requires arbitration of and publicity for all the conditions of the industry, from mine to market,--including wages, prices, and profits. But the machinery needed for such an undertaking would have to be built with an impartiality and care not universal among industrial negotiators...
...periods of general prosperity as the present have always brought on a reaction in industry and trade. This conservative school is thus intent on finding out weak spots in U. S. business, and many of its members have thought the chief two are the construction industry and the stock market...
...there were listed on the New York Stock Exchange securities possessing a total market value of $60,669,206,878en the two dates...
...Rosenwald said he would give to Sears, Roebuck & Co. 50,000 shares of its common stock, of which the par value was $5,000,000, the market value $3,000,000. The only condition was that the company would sell those shares only to him at par, where, when, and if he wanted them. Further, he would buy the company's real estate holdings, appraised neutrally and highly at $16,000,000, paying at once in cash and Liberty bonds $4,000,000 and paying off the remaining $12,000,000 over a term of years by a trust...
Last week Mr. Rosenwald exercised his option; bought the 50,000 shares of stock back at par. They cost him 5 millions where, in open market, they would have cost 12 millions. Thus he makes a paper profit of some 7 millions, a profit which he might not have made had he not "given away" his stock...