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To: craig crawford who wrote (125746)5/30/2001 10:32:10 PM
From: Glenn D. Rudolph  Respond to of 164685
 
Michael Anthony Jewelers Inc., the biggest gold jewelry manufacturer in the
U.S., has slowed such borrowing as lease rates rose.



I don't even like the firm although that is not the point. I assume they lease the gold to supply finished goods to their "customers" with credit terms. It would appear a reduction in their leasing would reduce the amount of issued credit which would slow sales. Unless their customers are not liquid, it makes no sense to me.


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