Word: sales
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Dates: during 1930-1939
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...great mass of average American men and women who, I am not ashamed to repeat, have been forgotten by those in power." The Roosevelt remedies: 1) "Every effort to prevent the issue of manufactured and unnecessary securities brought out merely to enrich those who handle their sale. . . . Definite and accurate statements in respect to bonuses and commissions, investment of principal, true earnings, true liabilities, true assets." 2) "Federal power applied to the regulation of holding companies that sell securities in interstate commerce." 3) "Federal authority in the regulation of exchanges in the business of buying and selling securities and commodities...
...Last autumn when the Guild's exchequer was lower than usual and the stock was quoted at $1.87, he decided to sell. In order to escape paying the $5 commission on an odd-lot transaction he wrote to Pumper Whitney, asked him to handle the sale. He explained that the public spirited Guild was reluctant to dump its holdings upon the open market. Gravely Mr. Whitney replied that a ¼point advantage would be gained by selling on the London Exchange. Shafer agreed, pointed out that since Pumper Whitney was soon going abroad he could easily...
...destroyers, 55,000 tons of auxiliary vessels. Ingenious British junkmen picked the best ships of the German navy off the floor of Scapa Flow, sliced them into $13,000,000 worth of scrap. An abandoned railroad is always a juicy plum. A big deal that junkmen missed was the sale of 199 World War vessels to Henry Ford for $1,600,000. He towed them through the Great Lakes to Detroit, melted them down into Fords. One smart junkman bought 100 locomotives, but instead of cracking them up he repaired and sold them to big construction firms, to cinema companies...
...compensations of being a stage-door keeper is the tips derived from gallant gentlemen seeking entrance to the actresses' dressing rooms. Last week the indigent Budapest Opera capitalized such backstage gallantry. It offered for sale to Budapest bloods little silver keys to the ballet dancers' green room and the singers' smoking room. Price $150, good for one year...
...that (TIME, July 25). To reimburse the banks which had financed its purchase by a group of Rochester business men, an $8,500,000 bond issue is contemplated. Though the New York Public Service Commission lashed Mr. Hopson for "milking" Staten Island Edison and refused to sanction the sale of $8,500,000 long-term bonds to pay off notes, he promptly offered to exchange the notes for a new 364-day issue. The Commission has jurisdiction only over borrowing of a year or more. All but $1,000.000 of the maturing issue was exchanged. Mr. Hopson testily denies that...