Word: marketeers
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Dates: during 1930-1930
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...wheat had failed to affect the price. Declared Dealer James E. Bennett of Chicago : "This is the greatest hedging market in the world and we gladly receive orders from Canada, Russia or any other country. So-called farm relief is hopelessly ineffective and it looks like somebody is looking for an alibi. Of course we must have something to wipe our feet on and Russia makes a good doormat...
...Hedging is a market process of equalizing profit-&-loss. A grain dealer buys 100 bu. of spot wheat at 800 per bu., simultaneously sells it for future delivery two months hence, say, at 860. The 60 differential theoretically covers the handling and carrying charge during that period. If at delivery time spot wheat has fallen to 75¢, he is guarded against loss by his contract. Likewise if wheat rose in the interval he would not thereby profit on his contract...
...Acute Shortage." Indignant, the British National Farmers' Union complained that its members are being undersold in the home market by "Russian grain, fruit, butter, eggs, sugar and timber . . . despite the acute shortage of these products in Russia...
...daily capacity of 2,500 tons of newsprint from six mill properties in Quebec. Its timber limits contain over 90,000,000 cords. And as the Rothermere interests are the largest consumers of newsprint in Great Britain, the position of C. P. & P. is supreme in the British market. The Hearstpapers, it was understood, will continue their dealings with I. P. & P., the present contract running until 1933. By its arrangement with C. P. & P. the Hearst organization will pay market prices for its paper, and as a shareholder in the manufacturing company will have assured protection of its future...
...Senator from New Jersey, saw her first book, The Painted Pig (Knopf, $2), off the press. For children from five to ten years, The Painted Pig is illustrated with 15 color pictures and is dedicated to Constance, youngest Morrow daughter "who helped me buy a painted pig in the market of Cuernavaca." At Mexico City Mrs. Morrow met Artist d'Harnoncourt who showed her his famed collection of 850 Mexican toys. She begged him to write a story about them. Instead he illustrated the book which she wrote. The story: Pita, "a little Indian girl who lived in Mexico...