Word: procession
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Dates: during 1940-1949
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...professionals, the market has another side (the short position), in which many of the biggest killings are made. Usually only professionals sell short, chiefly because the ordinary investor is vaguely suspicious of the process. Shorts (bears) sell stock which they do not own, hoping that the market will go down and that they can buy the stock later at a lower price. Meanwhile they borrow stock from brokers, sometimes paying a small fee, to turn over to the buyer. Eventually, of course, the short trader has to replace the borrowed stock by actually buying equivalent shares...
Thus was formed the tradition that is to be continued today. It is a tradition that has become more and more refined since 1834, a process that seems to have followed President Lowell's general rule that "men removed by a few degrees above the savage state, as youths on the eve of graduating from our colleges often are, put up with course amusements only because no refined ones are offered in their stead." Today, for instance, there will be a baseball game instead of the nineteenth century's dance around the Liberty Tree, which involved holding hands and skipping...
This year the Class of 1928 decided on the fireman scheme--the first time it has been used--through a simple process of elimination. "First someone suggested Russians, Cossacks I suppose he meant," Victor O. Jones '28 remarked Sunday night, "but we rejected that because of the present situation. Another thought was pirates. Firemen won probably for the nice color and the coolness...
...Sale. Rouxcolor, the inventors say, can be filmed simply by attaching their four-in-one photo lens (a matter of two minutes) to a black-&-white camera, and shooting with black-&-white film. Projection is just as easy. Laboratories can process the film as if it were black-&-white, thus bypass the costly printing of color film...
...Hollywood, which has spent millions in its quest for a simple, inexpensive color process, the invention of the Roux brothers seemed too good to be true. Moviemakers had seen too many processes come & go to get excited. But research cameramen have long worked to perfect a process in which the lens and not the film would be the principal color agent. Up to now, experiments with such lenses have not worked out commercially. Hollywood wanted to hear more...