Word: resoldered
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Hollywood's Gone With the Wind arrived in Washington last week. For the second night's performance a mysterious, big-hearted donor bought out the Palace Theatre, resold the 2,357 seats at $3 to $10 each and turned over the $13,000 net profit to Herbert Hoover's Finnish relief fund...
That would please no one more than the Vargas Government, because in practice the Germans, to get foreign exchange, have ruthlessly resold in other markets the coffee and cocoa they got from Brazil by barter, depressing prices at the expense of Brazil's best cash crops. One quick effect of the deal was felt in Wall Street, where Brazilian 1941 8's jumped from...
...President George Devendorf of General Investment wanted to sell the corporation 20,000 shares of its preferred stock at $87.50 a share but was told the company was not in the market. Wallace Groves said he would buy it personally, and did, but not before he had resold it to General Investment at $102 a share...
Eleven years ago an enterprising University of Florida student named Douglas Leigh bought all the advertising space in the college yearbook for $2,000, promptly resold the space for $7,000. In 1930, when he was down to the last $9 of this fat profit, he arrived in Manhattan to hunt a job. Though modest, soft-spoken Douglas Leigh hoped to work for Batten, Barton, Durstine & Osborn. he was unsuccessful, instead landed a job with General Outdoor Advertising Co., Inc., for which in three years' time he became a top-notch salesman. But dis gruntled by a long string...
Typical of Dr. Schacht's adroit manipulation is Germany's coffee trade with Brazil. Germany barters finished goods in exchange for Brazil's coffee beans. The beans, canned in Germany, are resold to small Central European countries for exchange and at lower prices than Brazil demands. This maneuver involves heavy losses to Germany and damages Brazil's market. But it puts much-needed foreign exchange into Dr. Schacht's hands, and incidentally increases the impressiveness of Germany's export trade...