Word: streets
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Dates: during 1950-1959
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Evie, too, was doing pretty well at moneymaking. Gifted with a rich contralto, she frequently sang, without thought of fee, at society charity events. Singing at a heart-clinic benefit at the Place Pigalle nightclub on Manhattan's West 52nd Street in 1934, she so impressed the manager that he offered her a paying job. So began a four-year career as a torch singer, which took her into the spotlights of Manhattan's flossiest nightclubs, brought upwards of $1,000 a week. Symington, a lot less famous in those years than his wife, followed her nightclub trail...
Streak of Respect. In 1938, after two years as president of Baltimore's Rustless Iron & Steel Co., followed by a year of semi-retired dabbling in various ventures, Symington was looking around restlessly for something to do. At the urging of Wall Street Investment Banker David Van Alstyne Jr., he agreed to go to the rescue of St. Louis' ailing Emerson Electric Manufacturing Co. (fans, small motors) in return for $24,000 a year, plus a stock-option deal. Emerson was deep in the red and battered by labor troubles, had barely managed to survive a bitter...
...defense reorganization of 1947, Symington became the first Air Force Secretary. Like all strong Air Force partisans, he had fought fiercely for a strong unification of the services, which both the Army and Navy believed would undercut their traditional independence. In the battle, he tangled with his old Wall Street friend, Navy Secretary James Forrestal. When Forrestal became the first Defense Secretary and Symington's boss, Symington fought him again to try to get more Air Force funds-fought with a tenacity that Forrestal's friends will never forgive. "That damn guy never lets up," Forrestal complained...
...aspects. Several weeks ago Havana's Radio Mambi started carrying, at 15-minute intervals, pleas for loyal Cubans to contribute their centavos to buy a huge bucket for Dubois to soak his head in. Anti-Dubois signs appeared on shop fronts on the Prado, Havana's main street. The press, especially the Communist daily Hoy, began denouncing Jules Dubois...
...deep mysteries on Wall Street, put and call options have long been among the most baffling to investors. Many market players shy away from the options, consider them as risky as a crap game. But that is just not so, says jaunty, white-haired Herbert Filer, 65, head of Filer, Schmidt & Co., the nation's largest stock option dealer. This week, in Understanding Put and Call Options (Crown; $3), the first book on the business to be published in the U.S., Filer presents a case for using options to reduce stock market risks as well as for speculating...