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Forbidden Sales. The shrinking volume gave Wall Street a breather to dig into its massive paperwork pileup. Despite Wednesday trading recesses, which will continue at least for the rest of the month, the problem of undelivered securities and accounting confusion remains so severe that two organizations last week took drastic steps to overcome it. Merrill Lynch, Pierce, Fenner & Smith, the largest U.S. securities firm, imposed a "house rule" forbidding its salesmen to sell over-the-counter stocks for customers unless they first have physical possession of the certificates involved. The National Association of Securities Dealers, a trade group which polices...

Author: /time Magazine | Title: Wall Street: Converging Pressures | 8/16/1968 | See Source »

...taken on a new and freer rhythm. After three years of fairly steady air strikes by U.S. planes, the North Vietnamese, though still basically too cautious to change the mode of life that they have devised to counter the air raids, have accepted the pause as a welcome breather (see following pages...

Author: /time Magazine | Title: North Viet Nam: The Respite | 4/26/1968 | See Source »

...have cratered the nearby hills with 80,000 tons of bombs in the past two months-more than was dropped on Japan during the entire four years of World War II. In light of that fact, it may be difficult for Ho to turn down the chance for a breather. In any case, Johnson's unilateral move has now placed the onus unmistakably on Hanoi...

Author: /time Magazine | Title: Nation: The Bombing Pause | 4/5/1968 | See Source »

Princeton was supposed to be a breather in the Harvard hockey team's murderous pre-Christmas schedule. Well...

Author: By Lee H. Simowitz, | Title: Hockey Team Encounters Improved Tigers Sextet | 12/13/1967 | See Source »

Next, more sentimentality. To spell Judy in her nightly 90-minute appearances, there are song-and-dance interludes by her daughter Lorna, 14, and son Joey, 12. Neither has overpowering show-business potential, but the fans love them. Judy also gets a breather by coaxing such professionals in the audience as Duke Ellington or Bea Lillie onto the stage. Finally, and inevitably, comes Over the Rainbow. Some nights when she is too drained, it is more croaked than crooned. "Stay here and sing" someone cries amid the shrieks and bravos. "Don't ever go away!" Later, when she emerges from...

Author: /time Magazine | Title: Singers: Seance at the Palace | 8/18/1967 | See Source »

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