Word: straussed
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...just as the late Lilli Lehmann will be remembered for Isolde, Garden for Mélisande, Farrar for Madame Butterfly, so Lotte Lehmann has one great rôle which she has made peculiarly her own. In Der Rosenkavalier her Marschallin has all the wisdom and pathos of Strauss's music. She loses in love but she never loses dignity. The season's plume is hers for one scene alone, where she sits before her mirror and realizes sadly and philosophically that she is growing...
Failure of Strauss & Co., one of the biggest commodity houses on the venerable Baltic Exchange, gave Mincing Lane the jitters (TIME, Feb. 11). The Strauss failure was brought on by its short position in peanut and vegetable fats, of which there is a decided world shortage. But what tripped the Pepper King was not a shortage but a glut...
When news of the suicide of Henry Charles Whitehouse reached London, Strauss & Co.'s second largest stockholder collapsed in a sweat, was hospitalized with a nervous breakdown. Trading on the hoary old Baltic Mercantile & Shipping Exchange, biggest grain market in Europe, virtually halted while the managers posted a notice cancelling Strauss & Co.'s trading privileges. In Bombay, Bank of India and five other Indian banks started proceedings to collect the money which Manager Whitehouse had been ordered to stop paying. That day it was announced that Strauss & Co. had failed with losses estimated...
...even the most cynical broker in Mincing Lane had reason to suspect the honesty of Strauss & Co. Its nominal head and biggest stockholder, old Edward Anthony Strauss, was educated at King's College, is a member of Parliament from North Southwark. He inherited Strauss & Co. from his father, built it up into one of London's five biggest commodity houses, doing an extensive business in castor seeds, linseeds, peanuts. Edward Anthony Strauss and his colleagues had simply made the mistake of going short of peanuts. Instead of the surplus they had anticipated, there was an acute decline...
...shillings per cwt. during last year's frantic speculation could not sell for more than seven shillings sixpence last week. Although financial editors declared that "certain weak positions have been taken over by strong hands," Mincing Lane brokers remembered that the same thing had been said before the Strauss crash. White pepper traders were chilled by the Strauss failure because they, too, must pay up or go to the wall this week when settlement on 7,000 tons of pepper falls due. These 7,000 tons they had bought on paper in anticipation of a price rise. Instead...