Word: margin
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...cutting edges had been removed. No longer is a banker both a broker and dealer by definition. No longer is a bank forbidden to loan on sound but unlisted local securities. The odd-lot business and arbitrage are not annihilated by loose language. Even the much disputed margin requirements (45% for a starter) may be altered by the Federal Reserve Board. Most important of all the new Federal Securities & Exchange Commission, established to administer both the Exchange Act and the Securities Act, is given broad discretionary powers to modify and exempt...
...president of the Cotton Exchange, rose with some misgivings from his gaudy throne atop a stack of cotton bales. "Frank Barton's got on tights!" the crowd sniggered. "Bet he's cool all right. Now he helpin' the Queen off the boat." Across an excited margin of sloppy river water stepped Queen Octavia Evans. "Ain't she pretty? Niece of Boss Eddie Crump's right hand man. She's supposed to be the Queen of Egypt. That's Gretta Garbo's own dress she's wearing-the one Gretta...
...Exchange Bill as the Administration wanted it. One by one all attempts at pulling its teeth were overridden with dispatch. When Wall Street heard that Ohio's Senator Bulkley had been able to pick up 30 votes, including Senator Carter Glass's, for an amendment banning all margin trading, the last slim hope for a moderate measure disappeared. Stock Exchange seats plummeted to $100,000, down $40,000 from last month, $90,000 from last February...
...House fixes margin requirements by formula; the Senate leaves the question to its commission...
With the race between the two captains, Johnny Morse and Karl Warner, looming as the outstanding contest in the Yale meet Saturday, the dope sheets seem to threw the advantage to the Eli team. However, since the margin is a matter of only two or three points, the meet may be termed a toss...