Word: trader
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Dates: during 1960-1960
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...milk cheese passing as Roquefort. Two months ago the association won a U.S. district court temporary injunction against an importer's "Roquefort" cheese made in Hungary. Last week it won a satisfying victory: a consent decree and damages of $1,250 from San Francisco's famed Trader Vic restaurant for putting Danish blue cheese into Roquefort dressing. "Trader Vic's can afford it," explains the association's boss, New York Lawyer Frank O. Fredericks, "but if most restaurants had to fork up $1,250, they'd have to close their doors. It will serve...
...come to an end." Even the Dow theorists, who believe that stocks have been in a bear market for months, could not agree on what is going on. Dow Specialist Richard Russell believes that the market will go much lower. But E. George Schaefer, publisher of the Dow Theory Trader, says that a foundation has been laid for "a surprisingly healthy upsurge into late...
...summer of 1960 the nations of Europe were thriving with a prosperity that they had never before known. But in the midst of soaring statistics and optimism, there was one exception: Great Britain, which was again reminded of how perilous a trader's prosperity...
What most readers of Darvas' book fail to realize is that the stop-loss order method must be used, as Darvas does, with the skill of a professional trader; it is not for amateurs. To stop the sudden swings, the floor governors of the exchange are closely watching 13 stocks with an unusual volume of stop-loss orders, have held several meetings to discuss the problems presented by the "Darvas Effect...
Command Decision. Some such showdown has been in the making ever since Castro signed an agreement with the visiting Soviet trader, Anastas Mikoyan, last February to sell Russia 5,000,000 tons of sugar and buy 10 million bbl. of Russian oil (half a normal year's needs) in return. Castro's government asked the refineries to process the Russian crude. They consulted and refused. For a time, the Cubans did not press further. But three weeks ago, a Cuban economic mission traveled to Moscow and signed an agreement to buy additional Soviet oil at a price that...