Word: mocatta
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...firms: Samuel Montagu & Co., Fixley and Abell, Sharps & Wilkins, Johnson, Matthey & Co., Mocatta & Goldsmid, N. M. Rothschild & Sons...
South Africa announced that it would sell 100,000 ounces of 22-carat gold at $38.20 an ounce through the London brokers Mocatta & Goldsmid. (On the basis of 24-carat or "pure" gold, the Fund's yardstick, that meant a premium of about $6.50 over the $35 rate.) South Africa said the gold was not being sold for monetary purposes but for industrial and similar uses, and was thus beyond the Fund's jurisdiction. The Fund thought differently. Since the brokers kept mum on the gold's destination, the Fund suspected that it was going to hoarders...
...Rothschild & Sons on London's St. Swithin's Lane, six immaculate gentlemen gather every morning except Sundays and bank holidays to fix the world price of gold. These six men, the so-called Gold Committee, represent six great British bullion brokers: N. M. Rothschild & Sons, Mocatta & Goldsmid, Samuel Montagu & Co., Pixley & Abell, Sharps & Wilkins, Johnson, Matthey & Co. Before each member is a telephone directly connected with twelve telephones in his home office. There attentive clerks are connected with the firm's customers-other bullion brokers, mining companies, banks and banking houses, speculators, arbitragers. On Saturdays the meetings...