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Every broker knew what the "peculiar circumstances" were: with 4,000,000 bu. of wheat, rye, corn and oats, Rosenbaum Grain Corp. had gone to the wall the previous afternoon. The scarcity of wheat caused by Drought had eaten into Manny Rosenbaum's warehouse business. Income from storing other people's wheat (1½? a month per bu.) had sunk out of sight; in its place was a heavy drain on cash for upkeep and taxes. And loans from banks were large. Rosenbaum Grain Corp. filed petitions in Delaware's and Chicago's Federal Courts...

Author: /time Magazine | Title: Business & Finance: Grain Failure | 5/6/1935 | See Source »

...father about 20 years ago, Trader Rosenbaum began an ambitious program of expansion, considered himself something of an Insull in the grain business. Besides loading himself up with grain elevators, he opened a string of 15 branch offices. Lately he was reported slapping quantities of cash into Polish rye, Argentine corn and oats. Sincerely disliked by many a grain broker for his personality and methods, Manny Rosenbaum was a central figure in the Armour grain scandal of 1925. and the failure of Dean, Onativia & Co., a brokerage house which he helped organize. Last week most of Manny Rosenbaum...

Author: /time Magazine | Title: Business & Finance: Grain Failure | 5/6/1935 | See Source »

...first day were 14,000 bbl. at from $1.18 for July delivery to $1.25 for June delivery. Gasoline sold at from 5.78? to 5.98? per gal. Trading in oil and gasoline brought the number of commodities bought & sold on U. S. Exchanges to 33. The others: wheat, corn, rye. oats, sugar, coffee, cotton, silk, rubber, hides, butter, eggs, copper, zinc, tin, lead, rice, barley, lard, ribs, provisions, potatoes, cotton seed, flour, hay, flaxseed, millseeds, cocoa, wool, tops, grain sorghums, sugar bags...

Author: /time Magazine | Title: Business: Oil to Market | 3/18/1935 | See Source »

...Eastern Aberdeen Anguses would do this year. Daily from Saturday to Saturday 35,000 visitors swarmed up & down the Temple's broad cement ramps, past rows & rows of freshly curried swine, sheep, steers, beef cows, rows & rows of the cream of the corn crops, prime kernels of wheat, oats. rye, barley...

Author: /time Magazine | Title: Animals: Idol in Temple | 12/17/1934 | See Source »

...Scarsdalers waiting herd-like for the 8.52; a homeless drunk sprawled on the sidewalk, semi-human sardines jammed into the subway; Mrs. $25,000-a-year-executive smugly viewing the man-made greenness of the Bronx River Parkway; Miss $15-a-week dictation sponge engulfing a hectic ham-on-rye; sunshine on the glories of Park Avenue; the same sunshine on the littered, crowded alloys of Mike Gold's 606 playground (the East Side); Fifth Avenue jammed with taxis, limousines and fur-clad ladies with good dogs; dismal parks replete with dejected souls, magnificent churches disgorging uplifted souls; bustling symbolic...

Author: By S. M. R., | Title: The Crimson Bookshelf | 11/28/1934 | See Source »

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