Word: settlement
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Dates: during 1930-1939
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German Arms: "Simultaneously . . . Germany should resume her place in the League of Nations" and Europe's armament problems should receive a "general settlement" based on "equality of rights in a system of security. . . . This settlement would establish agreements regarding armaments generally, which in the case of Germany, would replace the provisions of part of the Treaty of Versailles at present limiting arms and armed forces in Germany...
While thus willing to legalize Realmleader Hitler's rupture of the Treaty of Versailles as part of the quid pro quo in a general settlement, Britain and France "agreed that neither Germany nor any other power whose armaments have been defined by peace treaties is entitled by unilateral action to modify these obligations...
...that "certain weak positions have been taken over by strong hands," Mincing Lane brokers remembered that the same thing had been said before the Strauss crash. White pepper traders were chilled by the Strauss failure because they, too, must pay up or go to the wall this week when settlement on 7,000 tons of pepper falls due. These 7,000 tons they had bought on paper in anticipation of a price rise. Instead of higher prices, they were given the sickening news that a shipment of 6,500 tons of pepper was on its way to choke the London...
...Exchange contracts. So the shorts caught in the squeeze defaulted, were ordered to liquidate their contracts with the long interests at 2.08? per lb. cash, which the Exchange claimed was the last spot quotation, plus a penalty of ¼?per lb. The longs complained that this was a sour settlement for them, that they should get more. Last week, while longs and shorts were bitterly criticizing each other and while the U. S. Senate was passing a resolution to investigate the squeeze, the Coffee & Sugar Exchange scolded both longs and shorts, suspended one sugar brokerage house from the Exchange...
...including Eastman, Dillon & Co. and Lehman Bros., were "admonished" although the Exchange considered the circumstances in their cases "mitigating and understandable." Six others, including Hayden, Stone & Co., reputed to be one of the two biggest shorts involved, were "censured" for failing to cooperate with the Exchange in reaching a settlement. Suspended were B. Wheeler Dyer and his sugar brokerage house of B. W. Dyer & Co., reported to be the other big short. Then the Exchange quietly let it be known that, so far as it was concerned, the incident was closed...