Word: salomone
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Last March the Manhattan firm of Salomon Brothers & Hutzler unceremoniously ditched this ancient underwriting tradition, marketed $43,000,000 of Swift & Co. bonds on a straight commission basis. Total selling cost for Swift & Co. was $172,000. Last week Salomon Brothers & Hutzler again startled their fellow bankers by selling $50,000,000 of 3½% Socony-Vacuum Corp. bonds for a commission of four-tenths of 1% or $200,000. Fortnight before, Kuhn, Loeb underwrote a $50,000,000 Pennsylvania Co. issue for 2 ½%?a relatively low "spread" for underwriting. Total cost...
Founded in 1910 by three Brothers Salomon, of whom two?Percy and Herbert?are still alive and at the head of the firm, Salomon Brothers & Hutzler has always been known largely as a dealer in Governments, municipals, high-grade corporate bonds, bankers acceptances, short-term paper. Because the late Arthur Salomon originally hoped to model his firm on the big London discount houses, advertisements are always signed "The Discount House of Salomon Brothers & Hutzler," though the term is almost meaningless today. Its bond and paper business keeps it in constant touch with banks and institutions, and the Socony issue...
Although informal photographs of Franklin D. Roosevelt are common, unposed shots showing the natural play of his expression are rare. When Dr. Erich Salomon, inaugurator of candid camera technique and brilliant practitioner of it abroad, was introduced to the U. S. by FORTUNE, many a cameraman promised himself to carry on where the German left off. It was two years later, however, when Cameraman McAvoy by smart thinking and long preparation succeeded in making the first adequate candid camera study of Franklin Roosevelt...
Year ago Morris Joseloff wandered into London's International Art Galleries on St. James Street, was shown two Reynoldses, a Gainsborough, a Hopper, a Sebastiano del Piombo, a "Master of Frankfurt." Because he badly needed money, said Gallery Director S. M. Salomon, he would sell the lot to Mr. Joseloff for ?8,000 ($46,625). Mr. Joseloff agreed to buy provided Mr. Salomon could produce certificates of authenticity, planned to hang his new acquisitions with his already authenticated Corot, Velasquez, Romney, Constable. When Mr. Salomon promised to mail the certificates, Mr. Joseloff paid, sailed, with pictures...
Like Candid Cameraman Erich Salomon, Photographer Lohse has no secret technique, depends on snapping well-composed pictures, developing and enlarging them himself. His F 1.3 lens is the fastest used, excepting only the cinema's F 1.4. His little Contax special cost him $225 (the lens alone $170), a telephoto attachment to catch long-distance candid shots $80 more. He has a right angle telescope-finder to snap people while they think he is snapping someone else...