Word: counter
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Dates: during 1960-1969
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...from new money, the lifeblood of any mutual fund, Mates was unusually vulnerable to a crisis. That came two weeks ago, when the SEC halted trading of a lively over-the-counter stock that had been one of Mates' big winners. The SEC cited "possibly misleading" information about the stock-Omega Equities Corp.-which had been bid up from 40? a share in January to $35 in November. It last traded at $25, which means that the 300,000 shares that Mates had bought in July for just under $1,000,000 now account for about...
...into his coalition Cabinet as Finance Minister, there is little closeness between the two men. In office, Kiesinger has shown a growing penchant for procrastination and indecisiveness, qualities Strauss dislikes and does not share. Kiesinger's recent suggestion of a prolonged coalition with the Social Democrats also runs counter to Strauss's highly developed partisan instincts. Increasingly reluctant to take part in a coalition Cabinet in which the Chancellor, as one Kiesinger aide put it, is no more than "a walking mediation committee," Strauss has been touting himself as the dynamic leader of a right-wing movement that...
...they will not be paid for taking orders that earn less than $12 in commissions. Paine, Webber, Jackson & Curtis says no to anyone who wants to open a new account with an order of less than $1,000 for a listed stock, or $5,000 for an over-the-counter stock. E.F. Hutton & Co. turns down would-be clients with orders of less than $1,500 for listed stocks, $2,500 for over-the-counter shares, and $3,000 for "odd-lot" transactions of fewer than 100 shares...
...many firms that have not been restricted by the exchange, brokers are also quick to show the door to the speculator whose hankering for cheap stocks usually means a foray into the untidy over-the-counter market, where most of today's stock-delivery foul-ups occur. Says a broker at Chicago's G.H. Walker & Co.: "Frankly, we're going to refuse the guy who wants to buy 1,000 shares of a $1 stock. On the other hand, if he's got $800 for a blue-chip stock, I'd take that business." Since...
...they could get a decent job. Yet proponents of income supplements ought to concede that the plans might indeed make things easier for the lazy. A potentially superior system ought not to be rejected because of possible or even likely abuses; but the whole idea is likely to run counter to the American ethos for a long time to come-at least until the idea becomes established that every citizen has an inherent right to share in the national abundance. Perhaps that notion will be accepted only when the nation is very much richer than it is today...