Word: profitable
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...Haven & Hartford R. R. Partner Whitney made a spirited defense of his firm's practice on the ground that its beneficiaries were willing and financially able to risk possible losses, did not have to borrow to buy, were not likely to dump their holdings for a quick profit and thus unsettle the market...
...call it a "suspense account") to cushion the crashing stockmarket. It had resources of $250,000,000 of which it spent $137,752,705 in making a market for 37 key stocks. By 1930 the pool had turned a paper loss of $40,000,000 into a cash profit of $1,067,355. Morgan & Co. charged no commission for its services...
...time he had finished selling Mr. Fechner they had somehow jumped to $1.40 each, the increase being apparently occasioned by Mr. Bevier's throwing in a sewing kit which sold wholesale for 12 ½?. With great reluctance. Director Fechner admitted that Be Vier Corp. was to make 15% profit on the deal...
Barren Collier loudly proclaimed to the Press last week that he was entirely solvent, that his companies have produced an average profit of $2,500,000 annually for the last ten years. "Therefore," said he, "during the extension I seek, all of my obligations . . . should be paid in full...
...Stocks. Morgan & Co. does not float common stocks, seldom preferred stocks, but when it arranges the financing of companies there are often common stocks to be sold. In such cases it may buy a block of common shares, which it gets at wholesale price, may make a handsome profit, for as in the case of Standard Brands (see p. 58) when the wholesale price is $32 a share, and the opening market price is over $40 a share, there is a paper profit of $8 a share to begin with. Of the block of shares purchased part may be resold...