Word: schram
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...Comfort. The New York Stock Exchange's income from dues and services to brokers dropped more than $1,000,000 to $7,061,829 last year, said President Emil Schram. There was more trouble ahead. The A.F.L. United Financial Employees union, whose demands for $9 to $15 a week wage raises and a union shop were turned down, threatened a strike of its employees in both the Stock and Curb Exchanges...
...stockmarket. The great wartime bull market had died in 1946, scared to death by fear of the recession that is not yet here. Yet the stockmarket went right on acting as if recession were just around the corner. Wall Streeters wryly quipped that New York Stock Exchange President Emil Schram "was the one man in the country to reduce prices...
...pointed out that since Oct. 7, when the grain exchanges had boosted their margins to 33⅓%, speculation has "declined sharply." Commodity traders, who are dead set against any governmental control of margins, took no comfort from Mehl's report. But New York Stock Exchange President Emil Schram cried that Mehl had performed a "public service" in showing how high stock exchange margins had helped bring on the speculation in commodities. However, Schram thought that the answer was not to raise commodity margins, but lower margins on stocks...
...Corporations. After bickering about it for more than a year, members of the New York Stock Exchange voted down a plan to permit partnerships to incorporate. The plan would have allowed them to take advantage of lower corporate taxes, and get new capital more easily. Despite Exchange President Emil Schram's endorsement of the plan as "certainly in the public interest," Exchange members voted against it by more than two to one because they feared, among other things, that corporations would make it harder for small partnerships and individual members to compete...
...high dudgeon, New York Stock Exchange President Emil Schram cried: "I am astonished, to say the least, that the Federal Reserve Bank of New York should associate itself with Marriner Eccles in his perfectly absurd effort to justify [his credit policy...