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Both sides went to town on this last point. New York Stock Exchange President Emil Schram protested that it would kill self-regulation of the Stock Exchange just when the Exchange had reorganized for that very purpose. SEC in turn not only dragged out Dick Whitney, but also the more recent Cuppia case. Jerome Chester Cuppia, a former partner of E. A. Pierce and ex-governor of the N.Y. Curb Exchange, exiled himself to South America in 1940 after engaging in fee-splitting and kickbacks totaling over $1,000,000 in eight years (an infraction of the Curb...

Author: /time Magazine | Title: WALL STREET: Back to Philadelphia | 2/9/1942 | See Source »

...received $769,300,000 in new war orders since Jan. 1, bringing its total war backlog to nearly $2 billions. President Charles E. Wilson said G.M. could & would handle 10% of the whole U.S. war program. > Because of tire rationing for private cars, Twin Coach Co.'s Ross Schram predicted that city transit vehicles which carried 15 billion riders last year may soon have to carry 20 billion. > The Northwest's third largest industry after lumber and fishing is tourists. Foreseeing a poor year, Oregon last week canceled its $100,000 tourist advertising budget, and the unexpended balance...

Author: /time Magazine | Title: Business: Grave New World | 1/19/1942 | See Source »

...Olive Ann works 10-12 hours daily. When expansion plans were afoot last year, she was in a Wichita hospital having her second baby. But she had a direct hospital-plant telephone and the directors met at her bedside. Later she and two associates went to Washington, got Emil Schram to okay a $13,540,508 RFC revolving credit...

Author: /time Magazine | Title: AVIATION: Walter and Olive Ann | 1/5/1942 | See Source »

Exchange President Emil Schram made a quick check of all orders this week before allowing the market to open. After a smart morning rally, stocks retreated slowly, closed 1 to 4 points down and at the lowest level since mid-1938, bottom of the Roosevelt recession...

Author: /time Magazine | Title: Business: No Picnic, No Panic | 12/15/1941 | See Source »

Late last week, after prying deep into Schram's wholesome background, beaten Wall Street almost felt confident again. Two Stock Exchange seats sold for $27,000, up $7,000 from the previous sale. With a farmer at the helm, anything could happen-and things could hardly get worse...

Author: /time Magazine | Title: The Farmer Comes to Town | 5/19/1941 | See Source »

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