Word: excessive
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...citadel of U.S. capitalism, had been reluctant to accept. The Big Board had insisted that member brokers abide by a fixed minimum commission schedule. Last week it bowed to an order from the Securities and Exchange Commission and abolished fixed commissions on the portion of any trade in excess of $500,000. Such trades account for about 5% of N.Y.S.E. members' commissions but are clustered among the major houses, including Salomon Bros., Oppenheimer and Goldman, Sachs...
Arnie Miller, a spokesman for the Providence Committee for Alternatives Now (CAN), the group sponsoring the rally, said last night he anticipated a crowd "in excess of ten or 12 thousand." "We're shooting for 18,000," he said...
...Marine Corps, Camp Pendleton and mused that the public should have use of it. Last week he followed through, asking the Senate and House Armed Services Committees to approve giving the beach to California. It was, he said, the first of several planned transfers of $6.8 billion worth of "excess" federal property to state and local governments for recreational and other uses. Others now under consideration are in Long Island, N.Y., San Francisco and Seattle...
Perhaps it was the atmosphere of the Ali-Frazier championship fight that prompted an excess of macho in Washington. The news trickled out that during the annual Gridiron Club dinner, an evening of ritual satire offered by the capital's newsmen, House Democratic Whip Hale Boggs, 57, was decked with one punch in a Statler-Hilton men's room by Indiana Republican (and former Congressman) Edward Mitchell, 60, supposedly because he objected to the abusive cracks that Boggs was making about the Nixon Administration...
...important sense, last year's profits were the worst in a quarter century. Profit margins on sales were only 5%, down from 5.8% in 1969. They were the lowest margins in any Citibank survey since 1945-a year of war, price controls and excess-profits taxes. U.S. industry has been in a profit squeeze since late 1965 because inflation has raised its operating costs faster than its selling prices...