Word: silk
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Dates: during 1920-1929
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...away-down-south-in-Dixie list. She goes about the task with a directness arguing a magazine apprenticeship. The ever vernal poor girl-rich boy theme is introduced with legato variations. An opening scene in which an ant covered antique hinge is concealed by the ingenue, Sally, in her silk unmentionables only to be hastily plucked forth as the man, Richard Clarke, curio collector, appears for the first time, constitutes good bait for the reader. Unfortunately, the pace slows down after this...
Married. Howard Joseph Sachs, Manhattan banker & director (department stores, realty, silk); to Eleanor Burtis Saxe, staff-member of the Metropolitan Museum of Art; on Coates Island, Lake Champlain...
Speculators rejoiced, last week, as one more "ring" was made ready for the traders. When the secretary of the National Raw Silk Exchange mounts the rostrum (sharply at 10:30 a. m., Sept. 11) and utters the word "October," a new commodity exchange will be in operation. Promptly, one of the traders will quote a price, approximately $5. He will have offered to buy or sell five bales (665 Ibs.) of October silk at $5 a pound...
This establishes an opening price. But no actual trading will be done until the secretary has finished reading off the list of months, from October to April. When the "call" has been read, when a quotation has been fixed for delivery of silk in each of the next eight months, the men seated at the "ring" will begin to buy and sell. At the close of the day, the last quotations will be chalked up on a blackboard. On the following day, traders may not advance or lower these quotations (per pound) by more than 50?. Thus the exchange authorities...
Importers and manufacturers alike are among the 265 members of the new exchange. They paid between $2,500 and $6,000 each for the privilege of sitting at the "ring" and trading in silk futures Chief among them, youngest of Manhattan exchange presidents, is 37-year-old Paolino Gerli, scion of a long line of silk importers. His early training took him to Japan, where indifferent silkworms spin out 75% of the world's supply. Now he is vice president of E. Gerli & Co., largest of U. S importers, doing an annual business...