Word: salesmen
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Transforming the Clerks. "We have been trying to broaden our business," says Managing Director Erich Vierhub, 66, "and now we are harvesting the first successes." One of Vierhub's main aims is to "transform staid bank clerks into money salesmen"-a formula that works at home as well as abroad. One of the Dresdner's mutual funds, Concentra, has grown into the country's second largest (assets: $226 million). From its coequal headquarters in the cities of Frankfurt, Dusseldorf and Hamburg, the bank has opened 650 branches across West Germany, adds new ones at the rate...
...electrician who had been declared legally blind as a result of his uremia; after six weeks of intensive dialysis sessions, eight hours at a stretch, he regained his sight and is now back at work. In addition, there are clerks and watchmen, housewives (including a Negro mother of ten), salesmen, accountants, and a society photographer...
This was the first issue of The Daily World, a national Marxist paper replacing the semi-weekly Worker. Cambridge police have previously arrested salesmen of other newspapers such as Avatar...
Responding to strongly worded advice from President Robert W. Haack of the N.Y.S.E., several brokerage firms have begun taking direct action to cool the speculative fervor. E. F. Hutton & Co. announced that it will forbid its salesmen to solicit orders to buy stocks selling for less than $5 a share and will allow them no commission on such orders. Merrill Lynch, Pierce, Fenner & Smith, the nation's largest securities concern, said it plans to increase restrictions on margin accounts...
...phenomenon to excite Wall Street. Even though the ten-year-old, Boston-based firm, which imports and distributes Japanese and Austrian specialty steel products, showed an 18% return on its invested capital, its profits last year reached only $315,529. It operates with seven warehouses and 30 salesmen. Yet last week, when Alloy Steel brought out its first public issue of common stock, eager buyers not only snapped up the entire 358,150-share offering at $10, but bid the price up to $19 a share in the first hour of trading...