Word: trader
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Fifth Ballot et seq. If Dewey has failed on the third, and Vandenberg has not shown a commanding upsurge on the fourth, the race will go to the best behind-the-scenes trader-Speaker Joe Martin, Pennsylvania's Senator Ed Martin, California's Governor Earl Warren or anybody else on whom the party's leaders can agree...
...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...
...little as $137.50 a speculator may buy a "call," i.e., a 30-day option to buy 100 shares of stock at the price prevailing on the day he bought the call. If the stock rises, he exercises the option and takes his profit. A "put" is the reverse: a trader buys an option to sell stock, cashes in if the price falls. (Both puts & calls are used as hedges to protect paper profits...
...pile of official releases, in the Department of Agriculture's Washington newsroom, one day last fall. But there was something phony about it: it had none of the usual headings or signatures. When newsmen questioned its authorship, the Department began investigating and finally traced it to a commodity trader named Ralph W. Moore, onetime lobbyist and crony of Oklahoma's Senator Elmer Thomas, who also likes to speculate in commodities...
...Trader Moore frankly confessed that he had written the memo, but said that his purpose was merely to call attention to "inconsistencies in Government lard purchase policies." The Department's Commodity Exchange Authority thought differently. Last week it charged that the memo was a trick of Moore's to spread false reports and boost prices for his own profit. At the time the memo was issued, said CEA, Moore was "long" (i.e., betting that the price would go up) on 1,900,000 pounds of lard futures. In the preceding 21 months, added CEA, Moore had made...