Word: schram
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...stock exchange. Instead of requiring stock buyers to pay cash in full for stocks, they will soon be permitted to buy stocks on 25% margin-i.e., pay 75% cash, borrow the rest from brokers. This did not satisfy Wall Streeters. New York Stock Exchange President Emil Schram grumbled that margins should have been set at 50%. But everyone agreed that the failing market needed a shot...
...also got him out of his job. The New York Stock Exchange, which spent $750,000 last year on ads to keep callow lambs from gambling in the market, revoked Haskell's registration. Hutton, which also thinks "gambling" a naughty word, fired him. Said Exchange President Emil Schram: "He has a mistaken conception of the business in which he has been engaged...
...pages also wear buttons-small, white ones. These identify the wearers as members of the independent United Financial Employes Union. Months ago, the small buttons demanded 25% pay boosts from the Big Buttons, and a watered-down version of the closed shop and grievance machinery. Stock Exchange President Emil Schram, biggest of buttons, offered a 10% increase...
Last week negotiations were stalled as the little buttons threatened a strike, which they hoped would shut the Exchange. If a strike came, President Schram said, brokers would run their own errands as they did on Aug. 14 during a strike-vote demonstration. Meanwhile, the small button leaders decided to get some bigger buttons to help them. They recommended that the independent union, which claims 5,000 members, from scrubwomen to tellers, affiliate with A.F.L...
...Exchange does not regard all splitting suspiciously. In fact, Schram suggested that corporations which have good earnings records, but high-priced securities, split their shares. This would broaden their base of ownership and ease the shortage of sound, low-priced stocks...