Word: schweickart
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Dates: during 1962-1962
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...sidelines until the market's direction became clearer, most of last week's activity was the work of bargain hunters. For them, brokerage houses churned out new lists of stocks that offer reasonable income and low price-earnings ratios. One such list, circulated by Manhattan's Schweickart & Co., ticked off half a dozen blue chips-including Allied Stores. General Motors, Jones & Laughlin and Royal Dutch Petroleum-with price-earnings ratios of less than 12 to 1 and dividend yields of 4% or more. For many stocks, yields were on the rise-and not only because stock prices...