Word: semipros
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Most brokers believed that the heavy speculation was being done by semipro investors who were switching from sound to risky investments (often in the more volatile over-the-counter market) in the hope of a quick killing in the rising mar ket. Bankers, also concerned about the speculative spree, reported a startling number of fund transfers from savings accounts to brokerage firms. Funston's warning slowed the market down a bit; volume slacked off and prices steadied. But by week's end the market was off and running again. It gained 7.05 points for the week to close...
...Singer Nathan M'dledle (pronounced Muh-dead-ly) played "the King." His girl was played by Miriam Makeba, whose success in the role catapulted her to solo spots in U.S. nightclubs; she has been replaced in the opera by 29-year-old Peggy Phango. From the beginning, the semipro chorus has been filled with carpenters, shop clerks, schoolteachers, messengers, housemaids, typists, even an X-ray technician...
...Dodgers strike gold in sports-happy Los Angeles, the American League last week decided to horn in on the rich market next season with a new team called the Angels. Biggest angel behind the Angels: Horse-Opera Star Gene Autry, 53, who has remained a baseball fan since his semipro playing days back in Oklahoma. Autry plans to broadcast Angel games on his prosperous chain of radio and TV stations, part of the empire (oil, real estate, cattle) he has rounded up as king cowboy...
Songs and Fun with the Baby Sitters (Vanguard). This winning semipro quartet gives one the sensation of visiting with rather than listening to. Giving off an air of artless improvisation, they intertwine pretend games, traditional ballads and "activity songs." Low on actorish gloss, the Baby Sitters are as soft sell as a lullaby and just about perfect for the just-out-of-the-nursery...
Yankee Error. By the time he was 16, Rocky was a star for the semipro Mohawks playing out of Crotona Park, and major-league scouts were nosing about. Rocky quit high school ("baseball was the only thing I really cared about") and waited to be courted. Yankee Stadium was just a couple of miles away, and Colavito idolized Joe DiMaggio. But the Yankee scouts fretted so long about his slow running (he has inverted arches) that Cleveland got him for a cut-rate $3,000 bonus...