Word: traders
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Dates: during 1940-1949
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Despite Cripps's inveighings against "profiteering," Britons who had bought South African gold shares, in anticipation of devaluation, made whopping profits. Two thousand traders, shut out of the Stock Exchange, gathered outside the building on Throgmorton Street. For an hour the crowd was quiet. Then one trader made a bid-and the boom was on. Brokers, jobbers and clerks shouted orders. Clothes were torn and hats battered...
What started the onion boom was a Government forecast of a short crop-27.2 million sacks v. 31.6 million last year-and a trader's hunch that the Govrnment forecast was too high. As he started to buy, traders who were caught napping two years ago when a short crop swept the price up from $3.80 to $6.50 jumped...
...boom in sight. Onions usually start coming into the market for delivery n November. But if the price is rising, and the crop short, many a farmer will probably hold out his onions and the short sellers scurry to cover their sales. Commented a trader happily: "That's when prices will really begin...
...British object to technicalities which classify sheep shears as a "surgical instrument," and by which rugs with fringes on them get charged as lace because the law puts fringes in the lace-and-trimmings category. The U.S. customs maze is well-nigh impenetrable to the would-be British trader without customs-broker guidance, which adds to the cost of British goods...
Mahmout, far from considering himself the world's smartest mule trader, last week was beginning to wonder what he was doing in the deal. EGA estimated that he would still gross about 153,765 drachmas ($15.25) a mule, but Mahmout, who had been doing a lot of traveling, thought the profit figure would be pared sharply by his expenses. Missouri's Ferd Owen agreed. Said he: "It was a pretty close deal. I don't expect to make much on it, but I think the Turk will make even less...