Word: shortly
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Dates: during 1940-1949
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...kind as well as in money, and buy needed goods in the world's cheapest markets; 3) decide how much European nations shall contribute to their own reconstruction. Above all, the corporation would check up continuously to make sure that U.S. aid was not being misused. In short, he wanted a sort of super-WPB to run the whole thing. With such a businesslike approach, Aldrich thought that his corporation would also attract direct investment in western Europe by private U.S. corporations, thus speed the job of rebuilding...
...their clients five months ago to "buy Kaiser-Frazer stock and double your money," he would have been hooted at. On the New York Curb Exchange, where the stock steadily dropped from its $20.25 offering price to a low of 5 last May, it was considered shrewd to be "short" on Kaiser-Frazer, i.e., to bet it would go lower...
There was no way of checking this; K-F had put out no statement since its 1946 accounting and, despite the fast runup, speculators still eyed K-F stock warily. The short interest at week's end amounted to 20,000 shares, one of the largest on the Curb...
Cocoa is parceled out in the world markets by the International Emergency Food Council. Although the U.S. got its full allocation of 258,000 tons, plus a "dividend" of about 10,000 tons, the quota was still far short of the 350,000 tons that U.S. chocolate manufacturers would like to buy. Contributing to the high price of cocoa were three other factors: competitive bidding for a scarce commodity, hoarding by large manufacturers, and a grave miscalculation by speculators...
Bitter End. The speculators had counted on an easing of the shortage Oct. 1, the beginning of the cocoa crop year. Looking for a price drop, they had sold cocoa short. But when no British and Brazilian cocoa was forthcoming, the speculators had to buy cocoa already in the U.S. This, some traders estimated, accounted for at least 10? in the price rise and it played straight into the hands of the British. They are expected to put the new crop on sale within the next two weeks and will probably get peak prices...