Word: smithing
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Dates: during 1960-1969
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...Merriman Smith, LL.D., newsman...
...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...
...invested capital, 180th largest industrial firm Avon Products was the best performer with 37.3%. On the basis of earnings as a percentage of total sales, Amerada Petroleum, the 337th company on the list, ranked highest with 26.7%. By either measure, Polaroid and such drug firms as G. D. Searle, Smith Kline & French Laboratories and Merck were outstanding performers...
...MONEY GAME by 'Adam Smith.' 302 pages. Random House...
Entranced by Tomorrow. "Investors are looking for the Xeroxes of tomorrow," explains Raymond Kiernan, vice president for over-the-counter trading at Merrill Lynch, Pierce, Fenner & Smith. As a result, much of the new-issue surge involves computer soft ware and leasing companies, whose prospects for future growth entrance many buyers. Last month Advanced Computer Techniques Corp. soared from $7.50 to $29 a share the day it was issued. Underwriters are still gasping over the performance of Educational Computer Corp., a manufacturer of teaching devices. From an offering price of $7.50 on March 7, the company's stock...