Word: resoldered
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Reminisced one Manhattan dealer: "I remember sometime after the last war selling a Vigée-Lebrun for $90,000. And in the very worst year of the depression-1933-I resold it for $70,000. When you consider the decline in the value of gilt-edged stocks in that year the $20,000 drop was scarcely anything...
...grinning waiters with free Sazerac cocktails; it was the road which John W. (Bet-you-a-Million) Gates kidnapped from J. P. Morgan's corral in a spectacular Stock Exchange raid in 1902. Gates made $10,000,000 by selling the stock to J. P. Morgan, who then resold it to Atlantic Coast Line. A.C.L. still owns 51% of L. & N. common...
...Chairman Jerome Frank got the backstop idea while he was complimenting Jones on his tough handling of the Arkansas State issue he took at a "reasonable" price and resold promptly at a profit. He asked Jones if he would similarly make a market in big utility deals, and last week Jones made public his promise to compete for any big issues which bankers seemed to be negotiating for on their own terms. Subsequently he will accept piecemeal bids from bankers or market the bonds direct to insurance and trust companies. In that event, probably more gilt-edged flotations would...
...rain began as the train neared Charlottesville. The President relaxed; grave and pale when he entered the train, the decision that he had made seemed to strengthen him. It had been a week of swift decision: he announced the release by executive order of Navy planes which, to be resold to the Allies, were flown at once to Buffalo, en route to Canada; by the same device he had made available more than 500,000 Lee-Enfield rifles, machine guns, ammunition, 755. But the great strain of the week had been his last-minute efforts to prevent Mussolini...
...Adam was resold for about $8,000 to a British dress manufacturer named John Herbert, who shipped him to the U. S. on what he hoped would be a money-making junket. Last week Adam arrived in Manhattan, was unveiled to the U. S. public at 57th Street's Fine Arts Galleries, at 50? a peek. All indications were that, as a come-on curiosity, Adam might run a close second to John Wilkes Booth's mummy or the Cardiff giant. Said a weary gallery attendant: "It's enough to make a fella blush...