Word: holderness
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...nightmares about having 5,000 bushels of wheat or five tons of sugar dumped on his doorstep. In fact, only 2% of all futures trades result in actual deliveries to a bakery, metal-processing plant or other users of the goods. The rest are purely paper transactions; if the holder of a soybean future, for example, theoretically bought the beans at $5 a bushel, and the price has risen to $6, he can cancel the contract by having the paper seller of the beans pay him his profit in cash. At the Mercantile Exchange, the Chicago Board of Trade...
...long jump will be headed by Harvard record-holder Vincent Vanderpoole-Wallace...
...house lights dim in the Los Angeles Memorial Sports Arena, Miler Marty Liquori, acting as M.C. and resplendent in his $250 tuxedo, will direct the crowd's attention to a spotlighted sprinter crouching in the blocks. "He is co-holder of the world 100-meter record, and has run the fastest 200 meters in history," Liquori will spiel. The runner tenses for an introductory dash down the board track. "Let's have a big welcome for-JOHN CARLOS...
...eleven-page operations manual frankly encourages troupe members to ham it up: "Wave during introductions, smile, turn to all sides of the arena and acknowledge the applause. Many U.S. athletes act glum as if they are about to be shot in the next minute." Matson, the world record holder (71 ft. 5½ in.) in the shotput, but a rather colorless performer, recognizes the problem. "If everyone was like me," he says, "nobody would come out and watch...
...backstroke but did not qualify. Mike Stamm of Indiana completed a record-breaking backstroke double in the finals, taking the event in 1:50.561, a time slightly slower than the new American and NCAA record of 1:50.524 he set in the heats. Defending champion and former record-holder Charlie Campbell topped off a disappointing meet as he scratched from the consolations after qualifying 12th...