Word: mocatta
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...Mocatta & Goldsmid...
...Mocatta Metals...
...opinion of many commodities dealers, the CFTC's ban is overkill because it would apply not only to the hucksters but to such respected New York City firms as Mocatta Metals and Bache Halsey Stuart Shields, which sell options on gold, silver and other metals futures. Senator Walter Huddleston of Kentucky will soon introduce legislation to permit the sale of options, but only by firms that have a net worth of $10 million or more and fully disclose costs, commissions and fees...
...abroad that the U.S. is full of investors anxious to trade their shrinking dollars for a few ounces of the world's most myth-encrusted hedge against inflation. Those who are betting that this is so point to a Gallup poll commissioned by New York's Mocatta Metals Corp., the nation's largest bullion dealer (1974 sales: about $2 billion). Taken in early November, the poll showed 18% of 1,557 adults felt they were at least "fairly likely" to buy bullion when it became legal. Projected nationwide, that 18% would translate into 12 million potential customers...
...This was a mere quarter of a cent over the current price, but it represented the biggest futures spread in 19 years. The fraction was small, but in the tight silver trade it was a lot. It was also a warning signal, as London silver brokers Mocatta & Goldsmid Ltd. put it with characteristic British understatement, that "those, who take a longer view are inclined to foresee a deficiency of silver." Consumption of silver in industry and in coinage is far outrunning mine production (see chart), and London silver merchants are convinced that short supplies will soon send silver prices upward...