Word: broker
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Dates: during 1960-1969
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Cantor's fellow executors, Lawyer Morris Shilensky and Broker Charles Wohlstetter, told Cantor that he had no business accompanying the next of kin to the cemetery. Then, troubled because no price had been agreed upon with Sculptor Noguchi for his design, the executors demanded written notice from the sisters that they would indemnify the executors should the courts rule that the sum spent for burial was more than "a reasonable amount...
...market and put it into fixed-interest bonds which, largely because of the Federal Reserve Board's tight-money policy, are offering the highest rates in decades. Chief victims of this trend are the blue-chip stocks, eminently reliable but yielding relatively low returns. "Why," asks Atlanta Broker M. E. Ellinger, "should an investor put money in the stock market and get a return from A. T. & T. at 3½% when he can buy Trust Co. of Georgia savings certificates at 5%?" As a result of this attitude, dollar losses among many blue chips have been staggering. G.M., already...
Despite the market's overall malaise, investors can still do very nicely through careful shopping. "This is a 20% market," says lohn Zeisler, a Chicago broker. "One out of every five stocks is still going up." Along with the onics, there are other swinging investment areas. One is education, where a teaching revolution in methods and televised or computerized machinery is under way. Crowell-Collier has risen from 45½ to 51?, McGraw-Hill from 66¼ to 69, while shares of IBM, counting a three-for-two split and a new issue in May, have increased in value 5.1%. Recreation...
Commodities trading is more intricate than stock trading and a lot more hazardous for the unwary. Ranged on the steps of seven pits on Chicago's trading floor, the brokers transact orders for Kansas wheat, Illinois soybeans, or other crops that have not yet been harvested and in some cases not even planted. Sales of such futures are made with hand signals-palm up and in when a broker is buying, or up and out when he is selling. Fingers are held horizontally and manipulated to indicate prices offered or asked. Each contract represents 5,000 bushels...
Each faction has had its own interests to defend. Rockefeller, facing a rough third-term campaign, cast himself disingenuously in the role of "honest broker," infuriating Lindsay by his lack of direct support. Lindsay's reformist zeal, in turn, only alienated upstate legislators, who instinctively recoiled from the prospect of taxing commuters in order, as they saw it, to finance the city's sacrosanct, heavily subsidized 150 transit fare. The wrangling forced two extensions in the city's deadline for enacting its 1966-67 budget; the second expired last week...