Word: hutzler
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...ticket items as major appliances and furniture. Less expensive, practical items like do-it-yourself auto tune-up kits and pocket calculators (which can now be bought for under $20) have been selling well. So, in general, have basic clothes -especially sweaters-although one executive at Baltimore's Hutzler Bros, notes that "the whole men's area is sick. The old man is the first one cut off the Christmas list...
...biggest and fastest growing Hawaii-based company. Amfac reaches into retailing, financing, farming and hotels, and is spreading into countries spanning almost half the globe. Last week Amfac expanded again, this time right into the populous East Coast. For $11 million in stock, the firm bought Baltimore's Hutzler Brothers, a department store chain that sells about $70 million a year worth of the best of everything...
...Island Holidays, including the Hanalei Plantation, where South Pacific was filmed. Already a retailer through its Liberty House department stores, Amfac absorbed other stores, including the high-fashion West Coast emporiums of Joseph Magnin and the venerable City of Paris store in San Francisco. With the five newly acquired Hutzler stores, Amfac will have 90 retail outlets by year's end. The company also raises sugar cane and cattle, processes frozen French fries, distributes electrical equipment and makes commercial and mortgage loans. In Hawaii, where land is practically as valuable as gold, Amfac owns or has long-term leases...
...Reserve has come under public scrutiny as never before, partly because of admitted errors in the past and partly on the ground that it has carried monetary restraint so far as to create the danger of recession. Says Economist Henry Kaufman of the Manhattan bond house of Salomon Brothers & Hutzler: "Success in 1970 is virtually a necessity for the survival of the Federal Reserve System." Next week, to Patman's undisguised delight, Federal Reserve Chairman William McChesney Martin will reach the legal limit for time on the job and will retire. Washington will miss the frequent confrontations between Martin...
...Sprinkel, senior vice president of Chicago's Harris Trust and Savings Bank. Henry Kaufman, partner in the Manhattan investment firm of Salomon Bros, and Hutzler, expects "a mild but sustained recession." He foresees a 15% to 20% drop in corporate profits...