Word: less
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Dates: during 1960-1969
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...handle almost all of the odd-lot trading on the New York Stock Exchange agreed to join forces as "a matter of economic necessity." De Coppet & Doremus and Carlisle & Jacquelin said that their decision was forced by in creasing costs plus dwindling odd-lot trading, which now amounts to less than 10.7% of the Big Board's volume. Other merger plans have undoubtedly been hastened by the tendency of small investors in a declining market to with draw from direct trading and turn their business over to mutual funds and other professional investment management services (see following story...
...many years, U.S. Trust had a staid image because its investments rose less rapidly than those of small mutual funds, whose young managers hopped from fad to fad, making quick gains on chicken franchises or computer-leasing companies. These smaller investment funds, which rose rapidly in the highly speculative markets of 1967 and 1968, have fallen sharply in the recent market slide. This year, U.S. Trust has done much better than most of the newer, smaller investment institutions. It has-as it usually does-outperformed the market averages by about...
There are still few capitalists among the U.S.'s 22 million blacks. They own only 3% of the nation's businesses - and that 3% accounts for less than 1% of U.S. business receipts. In greater Harlem, which has a population of half a million, there are fewer than 25 black-owned businesses that have more than 25 employees. Few of the important stores on 125th Street, the major artery of Harlem, are black-owned. True, more and more Negro entrepreneurs are rising, but too few have received any real help from the Nixon Administration, whose programs for black...
Incoming freshmen--who about this time in August are plagued with mailings that purportedly tell them all about Harvard--will receive at least one pamphlet this year that describes the College in something less than bucolic terms...
...which opened at the Agassiz last night is the latest report on Mayer's development. By his standards it is a modest production. The cast is smaller than the cast for his adaptation of Jesus which played earlier in the summer; Peter Ivers's music is much less conspicuous than in the previous show--though the music seems to be one of the niceties which was sacrificed in the desperate effort to get the show open on time. But their reduction in scale and the last-minute pruning serve only to concentrate our attention on the twin concerns which have...