Word: bargainer
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Dates: during 1920-1929
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After several months of negotiation, the Shipping Board finally shook hands and said: "It's a bargain." Two hundred of its nearly useless vessels tied up here and there along the Eastern waterfront of the U. S. were sold. Those who shook hands (figuratively) and closed the bargain with the Shipping Board were...
...buyer. "Then there is no use talking," says the trader. The buyer turns his back and walks away with assumed indifference. "You're a fool," the trader shouts after him. "Nonsense, " the buyer calls back over his shoulder. Such may well be the beginning of a very successful bargain...
...difficulties of the Stinnes concerns relate to the new turn in German currency matters. While the mark was shooting downward toward practical worthlessness, Hugo Stinnes bought everything in sight of a tangible character, and went deeply into debt also. Later, he paid off many of his debts at bargain prices-hence his enormous profits. Meanwhile, he had as little working capital as possible, and the minimum resources in actual money...
...plentiful in this country, and underwriting houses are actively bidding for new Government flotations, so that their coupon rates and yields are falling rapidly. Moreover, in many instances the credit of the borrowing Governments abroad has improved to such an extent that they are now in a position to bargain on equal, if not superior, terms with U. S. moneylenders...
...intrinsically worth so much as because so many people had sold it who did not own it. The Stock Exchange is closely watching the stock, in fear of a corner developing. The "shorts" must either buy Sumatra preferred at high prices and get rid of a bad bargain, or else stay short, borrowing, the stock and paying a premium of ½% or more a day ($50 a day on each 100 shares...