Word: sec
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Dates: during 1930-1939
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...personal intervention of A. Hitler. When interrogated about the alleged GÖring deposit, Tamotsu Nishida, manager of Sumitomo Bank, Ltd., declared: "Oh, there must be some mistake. We are only a foreign branch for the home office at Osaka. . . . We don't accept deposits." In Washington, SEC admitted having received the British information on A. Hitler & Co.'s foreign holdings prior to its publication, having used it in checking the registration of a proposed German bond issue (TIME, Aug. 14), now withdrawn. Washington credited A. Hitler, too, with having money abroad: about $1,000,000, mostly from...
...Californian Charles S. Howard's Sorteado, four-year-old chestnut imported from South America last year: the 38th running of the Manhattan Handicap; outstripping seven of the best handicap horses in the U. S. and setting a new North American record (2 min., 28 2/5 sec.) for a mile and a half; in his debut on the Big Apple (New York tracks); at Belmont Park. Former record: 2:28 3/5 set by Handy Mandy at Latonia in 1927 and equaled by famed War Admiral at Belmont...
...last three years broadcasters have been girding for a great fight to break ASCAP's hold on U, S. music. Last week in Chicago, NAB got in a showy bit of brandishing, by voting to organize something to be called Broadcast Music, Inc. Subject to SEC requirements, stock will be sold to broadcasters up to one-half their 1937 payments to ASCAP. In 1937 ASCAP collected $3,878,000 from radio; last year, $3,845,000. Announced purpose of Broadcast Music, Inc.: to "uncover a wealth of new talent in the U. S. . . . and bring to the American public...
...famed Bend'x transcontinental air race (1933), won the Thompson Trophy classic, world's No. 1 round-&-round air race, for the third time. Like a speed-drunk bumblebee, his fat little, short-winged racer whizzed 30 times around a ten-mile course in 63 min., 42.52 sec.-an average speed of 282.536 m.p.h...
...SEC Chairman Jerome Frank's suggestion for a brokerage bank for customers' cash and free securities, a special Stock Exchange Board turned thumbs down. Its alternative: a 14-point program for completion of the Exchange's extensive self-policing policy...