Word: funston
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pandemic of 1918 remains a mystery. It began with a relatively mild initial assault on March 4, when the first reported case occurred at Camp Funston, Kans. Within four months, the virus had traversed the globe. The flu sickened millions but killed relatively few, and in the tumult of World War I, the first wave seemed pretty mundane...
Through the mid-1960s, the job of heading the New York Stock Exchange was prosaic and long lasting. G. Keith Funston ran the Big Board for 16 years, from 1951 to 1967. But as reforms began eroding the "private club" nature of the largest and most important U.S. securities market, the boss's job has turned into a shaky one. Robert W. Haack, now chairman of Lockheed Aircraft Corp., was squeezed out after five years. Last week the climate of change proved too much for another Big Board chief. James J. Needham, chairman since 1972, resigned under pressure with...
...personas nor the performance of Robert William Haack seemed grandiose-until last week. Quiet spoken, looking younger than his 53 years, sometimes awed by the satraps of the Street, Haack had come across as more the manager and conciliator than the innovative leader. Unlike his predecessor, G. Keith Funston, who served the exchange as a supersalesman, Haack seemed like central casting's response to a call for a small-town doctor...
Exchange has reached 9,800,000 shares-a level that former Exchange President Keith Funston had not expected until 1975. Some of the records being set are disturbing. Margin requirements are presently 70% for most stocks; yet loans from brokers to cover that remaining 30% have now reached a record $5,580 billion, and shrewder speculators can still get loans for as much as 100% of their purchase price from unregulated lenders...
Cynics argue that the speculative trend is inevitable until the law of supply and demand is repealed and human nature changes. But responsible men have begun to worry. Both Funston and American Exchange President Ralph Saul have warned their member brokers not to abet ill-advised speculation; in some cases the exchanges have stopped trading in risky stocks temporarily or require 100% margin. Giant Merrill Lynch, Pierce, Fenner & Smith recently dusted off an advertisement that reminds investors that Wall Street runs two ways. Securities & Exchange Commission Chairman Manuel F. Cohen has his investigators scrutinizing for possible fraud 45 companies whose...