Word: stocked
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Dates: during 1960-1969
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...limousine. Yet to become Secretary of State, William Rogers is giving up an income in the $300,000 range, derived from his law practice and his limited partnership in the Dreyfus Fund. David Kennedy (Treasury) has been earning more than $230,000 a year, plus stock options, as chairman of the Continental Illinois National Bank and Trust Co. Maurice Stans (Commerce) has been grossing about $250,000 as president of the investment-banking firm of Glore Forgan, William R. Staats, Inc., and as a member of other corporate boards. Nixon Law Partner John Mitchell (Attorney General) has been earning more...
Portly Footballer. That world, on the first night aboard, looks like a floating opera buffa of the absurd. In a corridor amidships, a 22-year-old stock clerk has blocked the way of a nurse from Detroit, one of the youngest women aboard. He does not discuss Albert Einstein. "Are you really from Detroit?" he asks. "Yes, Detroit." "Gee, I was there in 1965, Detroit." "It's nice, isn't it?"'"Sure is, buy ya a drink...
...Taverna lounge, where a Greek go-go quartet rocks till 2 in the morning, a 26-year-old stock-exchange clerk sets his sights on a life-begins-at-forty redhead, while on the dance floor a New York City detective (41) is cheek to cheek with a schoolteacher (32) from Pennsylvania. A deck below, his inhibitions all but obliterated by bon voyage champagne, a portly ex-footballer from Fordham (class of '56) runs the length of the ship, yelling jovially: "The cruise is canceled! The cruise is canceled...
...clerical procedures. All the trading also lifted Wall Street profits to a level that even Big Board officials consider embarrassing. Brokerage commissions reached about $5 billion, and some top customers' men earned as much as $500,000 each. Prodded by the Securities and Exchange Commission, the New York Stock Exchange cut commissions by 7% on orders of 1,000 shares or more. Unless the Nixon Administration forces the SEC to change course, this is only the beginning of far-reaching changes in both commissions and the privileges of the stock exchanges. They now have almost monopolistic powers to limit...
...earnings were down to $172.5 million. So far in 1968, the company has increased both sales (by 20%) and profits (by 15%), but part of the improvement was due to stockpiling by customers, who were hedging against a threatened steel strike earlier in the year. The company's stock, which hit a high of 108⅞ in 1959, is now about...