Word: margining
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While the increase in stockholders would seem to represent a much greater public participation in the market during the past two years, it paradoxically represents to a fairly large degree the withdrawal of the public from active trading in the market. Stock carried on margin is usually registered in the broker's name...
...pools are run. Because the risks are great, the pool's sponsor usually invites only his richest friends to form a syndicate. Each shares in the profits (or losses) in proportion to his subscription. Each usually makes a cash deposit for the pool manager to use as margin in his trading operations. Each is pledged to strict secrecy. With dictatorial powers, the pool manager begins accumulating stock, buying a little more each day than he sells. Stock is dumped if the price rises noticeably. When the manager has the stock he wants, publicity is shot out, bullish rumors about...
...what was really his first serious fight for the nomination, Governor Roosevelt took a terrible beating in Massachusetts. He lost not only every single one of the State's 36 convention votes but also an incalculable amount of national prestige. The popular Smith margin was 3-to-1. Mayor Curley could not even carry his own Boston for Mr. Roosevelt. Where Senator Walsh topped the slate of Smith delegates-at-large with 153,303 votes, the Governor's son James was high man on the Roosevelt slate with only 56,480. Few observers had anticipated a Smith defeat...
...wish I felt at liberty to name the single family of many members, with separate homes whose early purchases bridged the narrow margin between success and failure." Last week his son, rotund Robert Macbeth, admitted that they were the Pratts of Long Island. Other important collectors were persuaded to buy U. S. art by soft-spoken William Macbeth: Miss Lizzie Bliss, Hotelman Edwin A. McAlpin, Hugh D. Auchincloss, Financier Stephen V. Harkness. Collector Emerson McMillan had such a passion for pictures that he used to come in with a little red notebook and demand...
Darkness finally brought to a close one of the most farcical games of baseball ever witnessed on Soldiers Field when umpire Barry called a halt at the end of the eighth inning yesterday while Harvard was leading Boston University by the absurd margin of 26 runs. The final score was 29-3. The epithet of "track-meet" could hardly be applied more appropriately than to yesterday's debacle when the Crimson batters pounded out a total of 27 hits assisted by eight errors on the part of the visiting nine...