Word: traders
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Dates: during 1960-1969
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...there will not be any price cuts"-a statement that many observers openly doubted. In fact, just as the 1961 drop in transistor prices was more than offset by increased demand, a microcircuitry price cut might be healthy. So why did Fairchild take such a beating? "Well," explained one trader,"there is one thing to understand. Even though brokers may know better, buying breeds buying and selling breeds selling. Panic here is exaggerated." Fairchild now understands-both ways...
...gave a deb brunch at the New Orleans Country Club last week. In Chicago, when ever the Bears play at home, members of the Racquet Club gather for a brunch of Bloody Marys, eggs Benedict, codfish cakes and popovers, before bussing out to the football game. In San Francisco, Trader Vic's restaurant has made a tradition out of the annual brunch before the Giants' opening game...
...Peter Grace Jr., 53, is a grandson of the Irish-born chandler and trader who, in 1854, founded W. R. Grace & Co., first as a merchant shipper, later as a holder of huge Latin American in terests. Mrs. Lorraine Mulberger, 52, is a granddaughter of the German-born brewmaster who, in 1855, cooked up Miller High Life, one of the beers that have made Milwaukee famous. Last week Grace and Mrs. Mulberger agreed on a big business deal: for $36 million, Grace bought the 53% controlling in terest owned by Mrs. Mulberger and members of her immediate family...
...fill that gap, Restaurateur Victor Bergeron, better known in 13 U.S. cities as Trader Vic, rallied 20 oenological experts for a year's study, and last week uncorked the first guide to the wines of California, whose annual production of 143 million gal. accounts for 76% of all the wine consumed in the U.S. Vic's list rates 99 wines from a top of three stars ("the finest"), to zero stars ("highly acceptable"). His eleven three-star choices, all in the $2.50 to $5.50 range at stores...
...contracts for the month could have tripled his money. In trading last week price changes twice reached the permissible daily limit of 10? per bu., and to take the heat out of the market the Board of Trade has doubled in stages the margin required of a trader to $2,000 per 5,000 bu. contract...