Word: chips
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...gear up for the coming campaign, Rockefeller named Emmet John Hughes, 47, former speechwriter for Dwight Eisenhower, Time Inc. staffer and Newsweek columnist, and three others to his "personal staff." He also gave his tacit approval to the formation of a blue-chip Rockefeller for President Committee whose members include four Senators, four Governors, five former Republican national chairmen and 14 noted businessmen. Its chairman: Cummins Engine Co. Chairman J. Irwin Miller, 58, of Columbus, Ind., a former head of the National Council of Churches and an archetype of the public-spirited businessman (he helped John F. Kennedy talk businessmen...
...trading cut to three days by suspensions for Martin Luther King's funeral and Good Friday, the Dow-Jones industrial average rose 39.88 points to make a two-week gain of 65.02. It was the sharpest rally of the decade, and it hoisted the index of 30 blue-chip industrial shares to 905.69, highest since Jan. 9, wiping out nearly all the losses that followed the Viet Cong Tet offensive and the great gold rush...
Tommy Wynne, number three, dropped his match 3 and 2 to Chip Brahman of Williams, and Paul Oldfield, number four, took the other Harvard loss to Williams, despite a solid trouncing of B.C.'s Tom Riorden...
...ticker ran 15 minutes late reporting floor transactions By closing, volume reached a record 17.73 million shares, toppling the old mark of 16.41 million shares set on Oct. 29, 1929, the Black Tuesday that triggered the Depression of the '30s. The Dow-Jones industrial average of 30 blue-chip industrial stocks jumped 20.58 points, its biggest one-day gain m 41 years. Traders agreed that it was an emotional outburst...
Fewer People, Better Paid. One reason they did is that, like their blue-chip clients, the big agencies have been able to take advantage of economies of size. "Bigness is really an asset," says Young & Rubicam President Stephen O. Frankfurt. All are using computers, which not only tot up possible profits but also give a broad idea of agency problems. With the help of the expensive computers, and with payrolls representing 70% of total expense, the agencies have been able to cut back on clerical help and thus reduce such other overhead as floor space. As a result, they have...