1 Sentences With "nimble footedness"

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Throughout Baring's lifetime his good commercial intelligence, sound judgement, nimble-footedness, and instinct for speculative profit remained the hallmarks of his business style. Thousands of speculations detailed in his firm's ledgers attest to this, but his burgeoning business and rising confidence were graphically illustrated in 1787 when Hope & Co. introduced him to speculation on a grand scale. The two houses set about controlling the entire European cochineal market by secretly buying up all available stocks, one quarter for Barings and the rest for Hopes. Correspondents from Saint Petersburg to Cadiz spent £450,000 but prices remained static and in 1788, with a huge loss anticipated, the partners of Barings agreed "to forgo any participation of the profits of the trade for the last year".