Word: manhattans
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Dates: during 1960-1969
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Composers, directors and conductors from Santa Fe to New York are consistent Reardon admirers-which is fairly remarkable for a Manhattan-born boy who started out to be a bank president. After studying business administration in college for three days, Reardon switched to music, "because those kids were much more fun. I tried to be a pianist," he recalls, "but my hands sweat when I'm nervous, and when your hands sweat as a pianist, forget it. It's like Niagara Falls." He also experimented with composition, but was swiftly urged by his teacher to take up singing...
...Accordionists' Association. Its aim: to improve the reputation of the accordion as a concert instrument, mainly by encouraging composers to write for it. There is also a worldwide organization with somewhat downbeat initials (C.I.A.-for Confederation of International Accordionists), which last week brought accordionists from 15 countries to Manhattan's Hunter College assembly hall to play for the title of world champion...
...market to with 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...
More and more people have stopped trying to figure out today's erratic securities markets and have turned their investments over to professional managers of money. No institution manages more "O.P.M.," or Other People's Money, than Manhattan's 116-year-old United States Trust Co., one of whose few advertising themes is "Planned silence is essential to a trust company's character." Evidently, silence is also golden. A recent study by the House Banking and Currency Committee reveals that U.S. Trust, which is really a commercial bank, directs the destinies of $11 billion in personal...
...ships totaling almost 25 million tons. As a group, they are the biggest spenders in the world's shipyards. More than 200 vessels, including 43 supertankers, are on order or being built for Greek owners. The Greeks set up shop wherever they can do business, in London, Manhattan, Lausanne or Beirut. They fly the most convenient flag -Liberian, Panamanian, Cypriot-but they remain Greek wherever they go. Their enterprise has been a major force in lifting the postwar economies of shipbuilding nations. In British shipyards alone, the Greeks now account for 25% of all orders...