Word: hutton
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...stocks that paced last week's rise. Gains of three points or more were made by blue chips such as A.T. & T., Allied Chemical, International Nickel, Union Carbide, Westinghouse Electric. "The market has the best leadership you can have," said Gerald M. Loeb, partner in E. F. Hutton & Co. Bradbury Thurlow, of Winslow, Cohu & Stetson, figured that the upward swing "is a little too big for a false start." He calls the current market a "baby bull," and expects that it will get added nourishment when the mutual funds, which have been hoarding their cash on the sidelines, begin...
Complaining that "you have to run a brokerage business today like an A. & P. store." Norris A. Broyles Sr., manager of E. F. Hutton & Co.'s Atlanta office, is trying to take up the slack by trading commodities and pushing municipal bonds and mutual funds. But according to the Investment Company Institute, sales of mutual funds dropped to a scant $154.8 million in August, down 23% from July and 37% below August 1961. Fund managers argued that the drop was largely the result of the recent Wharton School of Finance report which charged that mutual fund management fees...
Unlocked Cages. Perhaps reacting to his dark-haired, dark-eyed mother, he has had three blonde, blue-eyed wives. The first was Virginia Cherrill, the flower girl in Charlie Chaplin's City Lights; the second was Five-and-Dime Heiress Barbara Hutton, and Cary will go down in history as one Hutton husband who did not ask for alimony; the third is Actress Betsy Drake, whose grandfather built Chicago's Drake and Blackstone hotels...
...onetime bunny in the buff for Playboy, Hollywood Starlet Jill St. John, 21, tried terribly hard to keep up with her auto-racing husband, Five & Dime Heir Lance Reventlow, 26, only issue of Barbara Hutton's six marriages. Lance's bride even rode a motorcycle to get the feel of a wheel, but when it hit 25 m.p.h., Jill came tumbling after. Finally their two-year marriage went all aflivver and Jill sued for separate maintenance, demanding all of their communal property. Definitely not for her: the 1961 Porsche, Mercedes 3005L, 1936 Rolls-Royce, slinky Scarab racer...
...Lots Theory (TIME, March 31, 1961), rushed out 4,500 telegrams urging purchases of such hard-hit issues as Polaroid, Xerox and American Machine & Foundry. On Wall Street, mighty Merrill Lynch, Pierce, Fenner & Smith sent out a "Buy Flash"; so did Paine, Webber, Jackson & Curtis, E. F. Hutton, Francis I. du Pont, and other influential brokerage houses. The long-distance wires hummed from Minneapolis, where the nation's biggest mutual fund group, Investors Diversified Services, was placing orders for $20 million worth of common stocks...