Word: funston
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...shareholders. Cities of under 25,000 population have the fastest-growing number of shareholders, minors are the fastest-growing age bracket in stock ownership (total: 1,280,000 owners), and housewives are the largest group (51% of all stockowners are women). Commenting on these figures, Stock Exchange President Keith Funston said that most of the stockholders are not speculators but rather people who buy stock and hold on to it, thus riding out the market's ups and downs...
...accuse G. Keith Funston, 54, president of the New York Stock Exchange, of not living in the computer age. He believes in computers as much as the next man, and in fact was telling a group of Clearwater, Fla., businessmen about the exchange's plans for a new building with all sorts of electronic gizmos. So the stockbroker is on his way out? asked someone. Well, no, grinned Funston. "Not until we find a computer that can make a decision and take a loss...
...York Stock Exchange is more active than ever before-daily volume is running 12% above last year's average-and each day more than 70,000 investors phone their brokers to ask how their stocks are doing. This week Exchange President Keith Funston will introduce a computerized system to provide quick answers...
Similar to the American Exchange's "Am-Quote" system introduced last May, the Big Board's new system is symptomatic not only of the growing use of computers in American business but of the increasing automation in the stock market. Funston also hopes to automate trading in odd lots-fewer than 100 shares-which account for one-fifth of daily volume. When an investor places a small order, the broker will feed the information into a computer, which will execute the order at prices ⅛ to ¼ of a point above (buying) or below (selling) the most recent...
...society at the Debutante Cotillion and Christmas Ball at Manhattan's WaldorfAstoria. The very In thing this year was to introduce yourself to the postdebs and Ivy Leaguers trudging down the reception line as another girl entirely, so everybody had the most awful time sorting out Elizabeth Funston, 18, Virginia Guest, 18, Jocelyn Kress, 18, and Fernanda Kellogg, 18. But then the ritual began as always with the Coming Out Waltz, followed by the Garland Dance, the Polka Sleigh Ride and the Christmas Star, in which the gals kneel in the dark, hold candles and sing carols. Meyer Davis...