Word: marketer
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Dates: during 1930-1939
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Perhaps you are right in considering the area bounded by Larkin, Ellis, Mason and Turk Streets as the "toughest" section of San Francisco. Some might consider North Beach or the South of Market area bounded by Ninth, Market, Second, and Harrison Streets as tougher, but, as a professional social worker who has carried a case load in both areas, I do not think...
...Commissioner of Markets said that racketeering in the poultry market was reputedly "protected" by Hines, but this could not be proved. Neither could the District Attorney prove that Hines got $500 a month for permitting professional gambling in his Monongahela Club (political headquarters) in Harlem, or that Charles ("Lucky") Luciano, head of the prostitute trust (since jailed), was more than a social acquaintance of Jimmy Hines. He did stay at the same hotel and play golf with Luciano on a junket to Hot Springs, Ark. Another Hot Springs habitue was 'Legger Owney Madden (beer...
...sources, is bad. Big, well-heeled colleges and universities and a few progressive institutions are prosperous, but many a small college does not know where its next student is coming from. Last fortnight Trentwell Mason White of Boston's Curry School (a small college) reported a buyers' market in colleges. In an article in The Commentator, "Colleges for Sale," he related his findings...
Making money in Government bonds, says S. F. Porter, should be easy because: 1) there are $38,000,000,000 worth of Government securities in the market and these are divided into only 49 issues compared to the hundreds of stocks which make up the Stock Exchange's $44,000,000,000 listing; 2) by & large all the issues move up and down together. Another inducement is the fact that the Government market, with no SEC to regulate it, can be played on margins as low as 5% instead of the 40% now required for stocks. Biggest inducement...
Though smart operators can make money by straight buying and selling of Government issues if they watch the market carefully, or by arbitrage if they can detect unwarranted price spreads between different issues, Sylvia Porter thinks the softest touch in the Government market is "free riding." When the Treasury invites subscriptions for a new issue, anyone can write himself down for a block by depositing 10% of the purchase price on the line, the balance payable on delivery. Because the Treasury takes care to make new issues attractive, they invariably command a premium over the par purchase price, thus anyone...