Word: resoldered
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...third onetime Russian is Frederick Brown, known now as a daring speculator. He not only buys to resell but generally has resold before he buys. His procedure is to take an option, find a buyer, complete the purchase, make the sale. He has been known to invest $100,000 in an option, find no purchaser, let option and $100,000 lapse, start philosophically on another deal...
Aghast at the price rumor was Godfrey Locker-Lampson, M. P., Under Secretary for Foreign Affairs in the recently-ousted Baldwin Cabinet. His family had long owned the bust. He had lately sold it to a dealer for "just over $2,500." Said he: ''The firm . . . resold it, I understand, for a modest profit...
...Bosch found himself legally excluded from his U. S. markets. During 1917 hysteria Bosch Magneto Co. of New York was one of the many "enemy owned" companies which were sold at public auction by the U. S. Alien Property Custodian. One Martin Kern purchased it for $4,500,000,* resold it soon after to American Bosch Magneto Corp. which had incorporated for the purpose of buying Kern's Bosch stock. In 1921 Inventor Bosch initiated a new attack on U. S. markets and incorporated the Robert Bosch Magneto Co. to sell German-made Bosch products. Hence there were two distinct...
...Wall Street, greatest of all money marts, silence is neither golden nor popular. The greater the tumult, the greater the profits of the traders, the more stocks and bonds are being sold and resold, the more money is being borrowed and relent. Last week, the powers of The Street prepared to ask New York's Board of Aldermen to still the noises of riveting, pile driving. But it was to spare their ears for the more important sounds of money-changing...
Last month, Tammany Hall, famed Manhattan political lair, was sold for $700,000. Last fortnight, the vigilant New York World reported the property resold for $800,000. None cried "Graft!" But Tammanyites asked, "Who profited?" Joseph P. Day, whose reputation as a realtor in and about Manhattan is no less illustrious than Peter Minuit's,* had handled both the sale and the speedy resale. The question having arisen, Mr. Day announced that the resale price was $770,000. The question being pressed, Mr. Day agreed that the 10% profit should go to Tammany Hall...