Word: traders
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Behind almost every major U.S. newspaper sale in the past ten years has been a hustling, cocksure trader whose name rarely appears in print. The men he represented got the headlines: Marshall Field III, or Akron's Jack Knight, the nation's fastest rising newspaper owner. The man-behind-the-deal got the Miami Herald for Knight, then sold him the Detroit Free Press, lock, stock and Edgar A. Guest. Five months ago, he helped Knight buy the Chicago Daily News, fourth largest afternoon paper in the U.S. His chores for Marshall Field include winning over Milton (Terry...
...every commodity trader knows, the farm bloc's votes are as good as Bankhead's expansive promises. Therefore the traders cheerfully hoisted cotton prices another $1.30 a bale, pushed grain prices...
...Hilton built his first "mini-max" (maximum hospitality, minimum cost) hotel, and started out to become a Western legend. In Texas horse-trader fashion, he bought and sold more than two dozen hotels, naming most of them after himself, finally built the chain that has brought him an estimated fortune of $28,000,000 and made him one of the ranking men in the U.S. hotel business.* As a hotelman, Hilton has relied heavily on four attributes: 1) tremendous energy (he can get by with four hours' sleep); 2) a shrewd ability to analyze people and pick good employes...
...Deal. Probably the only man to dampen the buying zeal of Trader Hilton is red-faced, reticent ex-Bricklayer Stephen Healy. A contractor at heart, Healy was an uneasy owner of the $28,000,000 lakefront gargantua. But Hilton's obvious passion to own the place made Healy stifle his own eagerness to sell. First, he wanted $500,000 clear profit on the $5,281,000 he had paid the Army for the Stevens, and the $800,000 he had spent on furnishings. Then he coolly upped his profit demand to $650,000, then to a million, finally...
While recognizing that rumors from Detroit sharpened public interest in Graham-Paige, the SEC report charged first responsibility to the floor trader. "Floor traders and specialists would buy heavily and concertedly; the public would follow . . . and the professionals would sell their stock . . . at the increased prices...