Word: huttons
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Perhaps this weeks most worthwhile lecture will be a Wednesday talk on "Basic Investing" to be given by Thomas H. Greco, account executive with E.F. Hutton Co., at 11 a.m. in the basement of 17 Quincy St. My roommates--who lost the shirts off their backs last summer in the options market by following a can't lose tip--sure could benefit from this one. Campus...
...casting is both daring and first-rate. Altman has somehow made an ensemble out of a group that includes (in no particular order of significance) Lillian Gish, Pat McCormick, Howard Duff, Vittorio Gassman, Dina Merrill, Nina van Pallandt, Lauren Hutton, Mia Farrow, Geraldine Chaplin, Desi Arnaz Jr., Amy Stryker, Paul Dooley, various veterans of his stock company and a title card full of newcomers. They are all wonderful. If someone deserves to be singled out, it is Carol Burnett, who plays the bride's up tight but restless mother. For her to appear in this film took guts...
Brokers are sharply divided on the merits of the gambling mania. Some regard it as a welcome sign that the small investor is at last returning to the market. Many more would agree with E.F. Hutton Vice President Anthony Correra, who warns that gambling stocks "have run up too far, too fast. We think traders should sell and take their profits while they can." That is what the smart money may have been doing. In June, Securities and Exchange Commission records show, Resorts officers sold 24,800 shares in their own company, which were then valued at $1.87 million...
...rate mortgages were devised by the E.F. Hutton brokerage firm, working closely with city hall. Alarmed by the continuing exodus of Chicagoans to the suburbs-the city has lost about 50,000 middle-class citizens a year since the mid-1950s-Mayor Michael Bilandic warmly embraced the plan as a way to subsidize home loans without increasing taxes...
...city issued $100 million worth of long-term bonds paying 6.99% tax-free interest, which were marketed through a Hutton-organized underwriters' syndicate. The bonds sold out in a day; the underwriters split a $3 million fee, and a Chicago savings and loan association got the job of lending out most of the proceeds as mortgage money. The rest, $14 million, was set aside in a special fund to cover any defaults; the income from this money, which is to be invested in high-yield (8.5%) Government securities, will cover the underwriters' fee and other costs. Unlike federal...