Word: minimum
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...anything is sacrosanct on Wall Street, it is the fixed minimum commissions that brokers charge their customers for stock trading. So last week, when the head men of the New York Stock Exchange appeared before the Securities and Exchange Commission during its eight-week-old inquiry into brokerage practices, it was only natural that they denounced government proposals to change the system. Big Board President Robert W. Haack warned that abolishing the minimum rates would cripple the world's largest securities market, with damaging consequences for brokerage firms and investors alike. "I have no doubt," he said, "that...
Under the minimum-rate setup, member brokers of the exchange are required to charge investors no less than the fee prescribed by the exchange for every purchase or sale of securities. The actual amount varies with both the price of the stock and the number of shares traded. For example, a buyer must pay $44 in commissions to get 100 shares of a $50 stock, or $47 for 100 shares of an $80 stock. The Justice Department maintains that this amounts to illegal price fixing. Instead of rigid minimums, it wants free competition among brokers for setting the commission...
...added up to just over four years in the majors, and the pension rules set a five-year minimum. Bartholomay makes it clear that charity has nothing to do with signing Satch. "With his tremendous background," said Bartholomay, "Paige is expected to be a great help in working with young players." He may even get into a game or two. After all, in his final appearance with the A's, at the age of 60 or thereabouts, he held the Boston Red Sox scoreless for three innings...
...racist environment," says Manhattan's Dr. John V. Cordice Jr., "a Negro is better received where there's a minimum of contact with patients. For example, a radiologist-all he does is look at X rays. A pathologist is acceptable because he deals only with cadavers and specimens. A pediatrician is pretty well received; somehow, it's all right for a black man or black woman to handle children-an extension of the black-nanny syndrome...
Delaware Park officials, rather than pay off the legal minimum of 10? for every dollar wagered on Dark Mirage, declared the race a betless exhibition. Dark Mirage danced home first by two lengths to score her ninth victory in a row and boost her 1968 bankroll...