Word: trader
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Last week, indoor polo held its national tournament in Manhattan's Squadron A Armory. Most sensational performance: Clarence ("Buddy") Combs, son of a New Jersey horse trader, scored twelve of his team's 15 goals in the first game, six of its ten goals in the second, won the junior (medium-goal) championship almost singlehanded for New Jersey's Pegasus Club...
...oldster was Pliny Fisk and his fun began in 1881 when he graduated from Princeton to the investment banking house of his father, Harvey Fisk, who had made a fortune helping the Union finance the Civil War. Four years later Pliny Fisk became the firm's trader on the floor of the Exchange, was there christened by his bearded fellow-members the"apple-cheeked boy of Wall Street." But Broker Fisk soon cut a man-size figure. In a few minutes one afternoon he sold $2,000,000 worth of securities to Hetty Green-after the doorman had tried...
Joseph Buchhalter, who was also cited last week, is a onetime Denver commodity trader and real estate dealer who devised a scheme for profiting from Henry Wallace's "ever-normal granary" program. Ihe Buchhalter plan entailed simultaneously going short and long on wheat contracts (buying and selling at the same price). Then if the price rose 1?, the profit was immediately realized on the long side while the short was kept open until the price permitted it also to be closed out at a profit. Since the ever-normal-granary program was expected to stabilize wheat prices...
...most interest to the hot-stovers were the trades the managers cooked up. Most active trader was the New York Giants' Bill Terry. After making an even-Stephen swap with the Chicago Cubs (Bartell, Leiber, Mancuso for Demaree, Jurges, O'Dea) at the minor-league meeting the week before, the Giants paid the Washington Senators $20,000 (plus two players) for hard-hitting Zeke Bonura. then picked up a few more players in the lobby of the Waldorf. Most outstanding trade of the week was the Detroit Tigers' acquisition of Pitcher Freddy Hutchinson, 19, of the Seattle...
McGillivray of the Creeks, by John Walter Caughey (University of Oklahoma Press, $3), tells of a Creek Indian chief of the post-Revolutionary War period who was known as the Talleyrand of Alabama for his skill in playing off Spanish-American antagonisms for Creek benefit. Son of a Scottish trader and a French-Indian woman, McGillivray owned slaves, suffered from venereal disease, died in his 303, preserved the Creek nation a full generation...