Word: stedman
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...This is a case of maximum keel and minimum hull," says Engineer Stedman Hood, Ted's father. "Every little bit you can save in hull weight can be added to the keel for extra stability and better sail performance." Radical as she is, nobody is selling Nefertiti short. Ted Hood's new boat looks fast, and at the very least, she should have perfect sails...
Died. Rear Admiral Giles Chester Stedman, USNR, 63, vice president of the United States Lines and former superintendent of the U.S. Merchant Marine Academy, a skilled skipper famed for his rescues at sea and for evacuating 1,400 people from Singapore aboard the refitted luxury liner America in 1942 while under Japanese bomber attack; of a stroke; in London. His oddest lifesaving exploit occurred off Ireland in 1939, when a Nazi U-boat torpedoed the British freighter Olive Grove only after waiting for her 33-man crew to escape in rowboats, then fired rockets to summon Stedman's liner...
Many an analyst thought the market might drift down another 15 or 20 points before finding the base for its next rise simply because, said Sam Stedman, partner in Carl M. Loeb, Rhoades & Co., many stocks at their recent highs were overpriced in terms of immediate earnings. To Stedman, the caution was a good sign. "I don't like it when everyone thinks that all the market...
...peak of 678.10 in early August. Brokers all gave the same reasons for the market's weakness: tight money, the steel strike and Premier Khrushchev's visit. Many of them also agreed on what the market will do next. Said Carl M. Loeb, Rhoades Partner Samuel L. Stedman: "I expect a good strong rally before the end of the year, because there is money piling up in mutual funds, pension funds, and with other institutional investors; but it will be a market of selective stocks." Said Sidney B. Lurie of Josephthal & Co.: "The lows for most stocks...
...generally recognized to be Edmund W. Tabell, 55, the tall (6 ft. 2½ in.), mustached vice president and research director of Walston & Co. Tabell keeps 2,500 charts, biggest number on Wall Street, has used them to score a topflight record in predicting market swings. Says Samuel L. Stedman, partner of Carl M. Loeb, Rhoades & Co.: "Ed Tabell is the best bird dog on the Street. When he points, you better look...