Word: streeters
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...Wall Streeter whose advice is most often sought by U.S. businessmen is Sidney J. Weinberg, 67, who now has the oracle's seat once occupied by Bernard Baruch. As a senior partner of Goldman, Sachs & Co., one of The Street's top ten banking houses, Weinberg has won an enviable reputation as an underwriter skilled at judging the new issue market just right. His most recent success was selling $350 million of Sears, Roebuck debentures-history's biggest debt offering-in a bond market so soggy that some underwriters doubted the issue could be marketed...
WEINBERG'S slum background contrasts so sharply with that of the traditional Ivy League Wall Streeter that he uses it as an asset, plays up his Brooklyn background ("I'm just a dumb guy from P.S. 13"). One of eleven children of a wholesale liquor dealer, he never got farther than P.S. 13, started with Goldman. Sachs as a $3-a-week porter's assistant. After a World War I stint in the Navy, he became a securities trader, a Goldman, Sachs partner in 1927, helped to run investment trusts, including Goldman, Sachs Trading Corp., which proved...
What has pushed the market up, in the eyes of most Wall Streeters, is not easier credit but the fear of a new burst of inflation. Many a Wall Streeter shares the Fed's worry, feeling that anxiety over inflation has lifted stock prices too quickly on the basis of current earnings. This has caused a sharp change in the "spread"-the difference between stock and bond yields. As stock prices have risen, bonds have dropped (see below); while the return on blue chips has fallen to 3.8%, the best bonds now yield more than 4%. In the past...
...Wall Streeter called it, "a runaway market-a panic of dollars into stocks...
...Amiel Gershon Cooper, Chemistry; Ralph Frederick Baierlein, Physics; James Anthony Burke, Engineering and Applied Physics; Robert Douglas Campbell, Jr., English; David Bruce Haley, English; Eric Martin, Architectural Sciences; James Henry Rieger, English; Harold Marion Ross, Anthropology; Charles Ernest Rossi, Engineering and Applied Physics; Howard Richard Sloan, Chemistry; Sereno Stephen Streeter, Geological Sciences...