Word: buyer
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...thighs, tapered at the ankle. Since summer the new silhouette, mostly in denim and corduroy, has been cropping up increasingly, combined with close-fitting T shirts, dressy silk blouses, and short boots. Response to the new look so far has been liveliest in New York City and Miami, where buyers for department stores are having trouble keeping up with demand. French versions of the baggy jeans, dubbed "Texas," sell for more than $75 at such trendy New York stores and boutiques as Bendel and Henry Lehr; U.S.-made baggies are cheaper. Bloomingdale's reports that it has sold almost...
Wall Street is also safer today because, in the aftermath of the Crash, the Government moved to outlaw some of the abuses that permitted the 1929 bubble. Fifty years ago, a buyer had to put down only 10% of his own money to get a stock; he could use credit for the rest. Today, under a Federal Reserve rule, customers have to put up at least 50% of their own funds. The Fed can also slow bank credit to stop speculation from feeding a boom, a step it took last week. In addition, there was no watchdog Securities and Exchange...
Harvard does not purchase Red Coach lettuce, Philip R. Bauer, a food buyer for University Food Services, said, adding the brand is for retail, not for institutional...
Straw, Benedek claims, subsequently told him that 17 of the 22 pieces of furniture had been sold, but Benedek was never paid his half share of the proceeds. And although Straw had told Benedek that he had a buyer lined up to pay $19 million for the $15 million group of old masters, no payment appeared from that deal either. Benedek became suspicious and, he claims, asked Straw for proof of purchase and sale. Straw did not furnish it. He wrote Benedek two checks totaling $655,000; both bounced. Then he wrote three promissory notes to cover his debts...
...prices, and the market itself abounds with rumors. Last week's scuttlebutt had it that a single Saudi investor was looking to buy a ton of gold worth about $12 million, and the market was being dominated by just a few large purchasers-including one unidentified German buyer and an unknown Canadian industrialist. About all that is certain is that small investors are now joining in the gold action...