Word: hentz
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Dates: during 1960-1969
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...draw from direct trading and turn their business over to mutual funds and other professional investment management services (see following story). A great deal of Wall Street's retrenching involves firms that rely on retail brokerage for much of their revenue. So far this year, Manhattan-based H. Hentz & Co. has closed five of its 38 branches. Blair & Co. has dismissed 45 employees, and Thomson & McKinnon has furloughed 40 employees and suspended its training program for salesmen. Last week, Francis I duPont & Co., No. 3 among the nation's retail brokerage firms, announced that it had dismissed some...