Word: marketeers
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Dates: during 1930-1939
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...Brazil with the "compensated" marks. Early this year she used up all the compensated marks allowed for buying Brazilian cotton. She then pulled an economic trick by buying 300,000 bags of quota-free cocoa with compensated marks. Brazil can easily sell her cocoa in a free world market for good currency. By this "purchase" Germany 1) tried to flood Brazil with compensated marks so that Brazil would be forced to buy more German merchandise, 2) tried to produce a temporary world scarcity, thereby raising the price of cocoa so that she could profitably resell her cocoa holdings to other...
...John Mortimer had shipped the collection to London, not only hoping for a readier market there but also tempted by Christie's low commission (7½%). Over the block passed Flemish, early German and French paintings, English mezzotints, sketches and water colors by Watteau, Boucher, Fragonard; Gothic, Gobelin and Beauvais tapestries; Louis XIV carpets, Louis XV gueridons, Louis XVI marquetry and console tables; della Robbia terra cottas, Sevres porcelain, Limoges enamels, Ispahan rugs, Italian crystal and marbles, bronzes, Oriental rugs, precious saltcellars, marriage coffers, inkstands, candlesticks...
...Duvel submitted the CEA's proposals for speculative limits. Thereupon, Secretary of Agriculture Henry Wallace announced that to prevent undue price fluctuation from speculation, the Commission proposed: 1) a 2,000,000 bu. limit on net long or short positions in all futures combined or any one contract market (3,000,000 in "spread positions") except during the delivery month when the limit would be cut to 1,000,000; 2) a daily trading limit per person of 2,000,000 bu. in all futures combined, also cut to 1,000,000 in the delivery month, These limitations, which...
Speculative buying of hides, however, has centred in New York where nine years ago a market in hide futures was started for hedging operations. Last week, Chicago's Mercantile Exchange, eyeing New York's success, started a hide futures market too. At the end of the first day Chicago's new market had handled $79,000 worth of business, precisely half the New York total...
...time Kessler died, in 1900, Royal Dutch was a respectable little company, with wells all over the Dutch East Indies and markets throughout the East. And Deterding, who succeeded Kessler as managing director, was dreaming of fighting Rockefeller. By 1903, backed by the Rothschilds, he set out to buck Standard Oil. Deterding lost more than $4,000,000, but fought Standard to a standstill (in spite of the free lamps Standard gave away) and won a market in China. From then until the War he was busy grabbing up new properties in Mexico, Venezuela and California...