Word: merchant
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...wasn't Joseph the only man with grain stacked in his barns? Seventeenth century Holland experienced one of the first of the futures markets. Dutchmen became so infatuated with tulips from Asia Minor that they stopped planting and began trading them. Prices rose to the point where one merchant paid $1,400 for a Semper Augustus bulb, which was eaten by an employee who mistook it for an onion...
...awakening came quickly: "By August of 1946, I knew the Viet Minh were Communists. They shot people. They overthrew the village committee. They seized the land." Thieu decided that the Communists were Viet Nam's real enemy, and he sneaked off to Saigon. There he tried the merchant marine and won an officer's rating, but he turned down a billet on a ship when he found the French owners proposed to pay him less than their French officers...
...each receiver costs between $21,000 and $35,000, compared with $5,000 to $10,000 for a LORAN rig. In addition, each ship needs a $25,000 computer. The Navy hopes that commercial manufacture will lower the unit cost, allowing more Transit use by Navy as well as merchant ships. Last week most details of the system were being turned over to interested U.S. electronics manufacturers. The company that can most efficiently simplify the system and reduce its cost will chart a market as wide as the seven seas...
...over the anguished outcry of industry and the Conservative minority, the new man is an astonishing-but shrewd-choice. He is an Etonian, a Tory and a peer-Julian Edward Alfred Mond, 42, third Baron Melchett, grandson of Alfred Mond, founder of Imperial Chemical Industries Ltd., and a successful merchant banker and gentleman farmer in his own right. Thus, in case of fiasco, Labor will always be able to blame a Tory. "It's quite a fascinating thing," he said softly, "to be asked to do something as large and as complicated for one's own country...
Using as its text the loveliest passage from The Merchant of Venice the Serenade was composed in 1938 for the jubilee of the great conductor Sir Henry Wood(who once turned down the directorship of the Boston Symphony), but has justifiably long outlived its original occasion. The piece is stylistic conservatism at its best; for sheer sensuous serenity it would be hard to beat. Yesterday's players were joined by thirty-odd members of the Summer School Chorus, well prepared by Professor Harold C. Schmidt. The concertmistress solo fiddling wandered off pitch a bit, and the orchestra in general never...