Word: cash
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Dates: during 1960-1969
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...Broadway musical Bajour, Chita Rivera, 35, plays a crafty gypsy con-girl dedicated to the gentle art of separating suckers from their cash. And who should be picked to lure loot-laden tourists to the New York World's Fair when it opens next week? Of course. Naming the hot-eyed Latin actress New York City's official summer hostess, Mayor Robert Wagner, 55, cooed: "Chita Rivera symbolizes in a wonderful way the warm welcome we want to extend to each of our guests." Fair warning...
Sitting on Cash. The blue chips, big and broadly held, were just catching up with what the smaller issues have done so far this year. While the Dow-Jones stocks rose only 2% during the first quarter, calculates Wright's Investors' Service, the 1,226 commonly traded issues on the New York Exchange jumped an average 8% each. Among the sharpest gainers, Admiral Corp. rose 58%, KLM Airlines 94%, Allied Products 137%. Wall Street's smaller, cheaper issues (average prices: $52 for all stocks on the Exchange v. $75 for the Dow-Jones blue chips) have been...
...main reason that the Dow-Jones averages have not kept pace with other stocks is that the large institutions, which account for 25% of the market's trading and deal mostly in blue chips, have been sitting on their cash. Surveying the mutual funds, pension funds and insurance companies, E. F. Hutton & Co. found that, from January to April, 20 out of 25 of them sold more than they bought. In last week's surge, insiders spied a change in the institutions' attitude. Reported Bache & Co. to its customers: "The institutions, which were on the sidelines...
...Murphy game" is underworld argot for a slick maneuver in which a victim puts his cash in an envelope and gives it to the con man, who makes a fast sleight-of-hand switch and hands back an identical envelope stuffed with newspaper strips. It was named after an Irishman who was arrested many times for perpetrating such tricks...
...little wonder that the airlines are on a buying spree. Since 1962, jet transports have proved to be flying cash registers-twice as fast and three times as profitable as the best piston-engine planes. So efficient are the jets that Boeing 707s, for instance, break even with passenger loads as low as 39% of capacity. The industry's load average rose to 55% last year, enough to return the eleven U.S. trunk carriers 11% on their $2.3 billion investment, the highest rate in 15 years. This has produced some speculation that the Civil Aeronautics Board may order fare...