Word: market
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Dates: during 1930-1939
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...plotless safari, the Pearson film record lavishes hazy shots of cheetahs, lions, tigers, giraffes, antelopes, elephants, hippopotamuses, assorted naked savages, waving grass. Goriest scenes are young Masai tribesmen sucking up the blood of a dead bullock, black coolies scooping out elephant feet to make wastebaskets for the U.S. market. Cinematic Afrophiles will relish the rare, sleek okapi, a herd of sunbathing hippos, the giant Latukas whose hunters tower seven feet tall, and the mystic snake dance of the Mariari cult...
Nunzio Cancillo, a Sicilian who has operated a fruit and vegetable market in Greencastle, Ind. for 45 of his 65 years, was examined last week on his application for U. S. citizenship. He looked worried when he was asked "Who makes the laws in the U. S.?" Suddenly smiling, he replied, "Mr. Roosevelt." He passed...
Immediately each member asks his office for accumulated orders, notes them on a slip of paper, which is passed to the chairman. There may be 500 bars of gold for sale, orders for only 300, a "position" which would indicate a buyer's market.* After the chairman names the starting price-now the buying price of the Bank of France in terms of the latest quotation for pound sterling-the members make bids & offers, buying order being matched against selling order until supply & demand meet. The price at that point is the gold price for the day. The whole...
Last week the dignified bullion brokers put in some of the worst days of their lives. On a fresh crop of rumors that the U. S. Treasury was about to cut its buying price, an avalanche of hoarded gold hit the market. Day after day the morning offerings swelled until they reached an all-time one-day high of 1,493 bars- about $21,000,000 worth. By week's end $65,000,000 worth of the precious metal had passed over the table in Rothschild's. Most of it was bought by the British Stabilization Fund...
...during a good gold scare. The British Empire is the world's greatest gold producer, the world's biggest investor in gold mining stocks. London, moreover, is a world commodity centre, and lower gold means lower commodities. Also, London is the world's leading free gold market. Hundreds of millions in bullion were stored in London during Depression when paper money was slipping its gold moorings...