Word: du
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Dates: during 1960-1969
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High Pressure. Wherever Bach buffs gather, Scherbaum can be found-at the Ansbach Festival, for instance, and in recording studios all over Europe (his recordings have three times won France's Grand Prix du Bisque). When Otto Klemperer embarked on a project to record all six Brandenburg concertos with London's Philharmonia Orchestra, he routed Scherbaum out of bed with a long distance call and implored him to take a morning plane to England. When Scherbaum played the Second Brandenburg in Moscow, the solo trumpeter of the State Symphony Orchestra rushed backstage to embrace...
Interviewed by Paris' Cahiers du Cinema, he talked of giving up the stage and screen forever, "since in a way they've already abandoned me. I've worked too hard for what I've been given in return. I can't spend my life in restaurants and festivals begging funds." He scraped along on occasional television appearances, started (but never finished) four films that he financed himself. Then Producers Michel and Alexander Salkind (a father and son team; Michel produced Greta Garbo's first film outside Sweden, the team an occasional epic in recent...
...told, 410 stocks, running the gamut from glamour to blue chip, hit new 1962 lows last week. Among them were the shares of such preeminently solid companies as Shell Oil (29½), Ford (74¼), General Electric (55½), U.S. Steel (42½), General Foods (61), Du Pont (170⅝) and Dow Chemical (42⅛). A.T. & T., which last year joined the growth stock club with a high of 239⅞, ended last week at 100⅜. Quipped one analyst: "If it goes to 90, it will be paying 4% and will be right back where it started...
...most Du Pont stockholders, the method will be painless when it comes to taxes. Congress has specified that individual shareholders will not be required to pay tax on the G.M. stock unless they bought their Du Pont stock for less than the value of the G.M. shares they receive. Since Du Pont stock is now selling around $214, and the current market value of 1.37 G.M. shares is only $68.50, most Du Pont shareholders will...
...biggest of Du Pont shareholders, the family-controlled Christiana Securities, will have to pay $26 million in dividend taxes on the 6.7 million shares it will receive in the first distribution alone-and will then be obliged to turn around and get rid of the G.M. shares itself. Even in a normal market, such an unloading could affect the prices of both G.M. and Du Pont shares. Most market analysts agree that G.M., which expects a near-record sales year, should be able to withstand the shock. Even Du Pont, though its dividends will drop with the loss...