Word: cottons
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Dates: during 1930-1939
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Unquestionably cashhe kidnappee must lead China into an immediate war with Japan (TIME, Dec. 21 et seq.)arrive in ostentatious military regalia. The Generalissimo changed to civilian clothes and flew ahead to Nanking, followed two hours later by the Young Marshal in a cheap Chinese cotton-lined robe, veritable sackcloth & ashes. The Generalissimo was met by China's elderly Puppet President Lin Sen and 200,000 cheering Nankingese. The kidnapper drove quietly through back streets to settle down as the house guest of Ransomer T. V. Soonganding out thousands of words evidently concocted by mutual agreement to dispose of China...
...Going were five of SEC's younger officials; gone Reginald Laughlin, RFC's assistant to the general counsel; going the assistant general counsel from the Treasury; gone AAA's director of the North Central Division to a packing firm, its assistant Southern director to a big cotton ranch, the head of its sugar section to the Sugar Institute. Gone after his chief was one of Rexford Tugwell's economists, to represent the Puerto Rico Sugar Producers. Said to be going are Madam Secretary Perkins' brilliant statistician, Isador Lubin. RFC's General Counsel James Alley...
Completed last week by the young New Orleans cotton house of Tullis, Craig & Co. was one of the smartest cotton market operations in many a moon. It was not a spectacular coup. Indeed Partner Garner H. Tullis tried to pooh-pooh accumulating gossip with a signed statement: "I wish to state in regard to the so-called operations of our firm in December that the entire story has been greatly exaggerated both in magnitude and effect...
Weeks ago, foreseeing a shortage in good grades of spot cotton, Tullis, Craig started to buy December contracts, which are contracts calling for delivery in that month. In the normal course of trading on a cotton futures market, little if any lint is actually delivered. Those who sold cotton short either as a hedge or as a speculation simply buy back their contracts, bringing everybody out even without the bother of handling the staple at all. Messrs. Tullis & Craig, however, demanded real cotton. This they had a perfect right to do, but when the word first spread through the trade...
Shrewd New Orleans cotton men guessed that Messrs. Tullis & Craig had cleaned up nearer $200,000 than the $2,000,000 which was reported. Brisk, fortyish Partner Tullis is Commodore of the Southern Yacht Club, second in age in the U. S. only to the New York Yacht Club. Starting as an office boy, Mississippi-born Garner Tullis became a cotton firm clerk, then a trader, then one of the most astute traders on the New Orleans Cotton Exchange. He was Rex, King of Carnival in the 1935 Mardi Gras, highest social honor in the city. Partner Robert E. Craig...