Word: upham
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...observation that years ending in the number 5 have almost always been "upward trending"-that is, years in which the Dow closed in December well up from the low reached earlier in the year. The leading proponent of this cycle, Ralph Acampora, technical analyst at Manhattan's Harris, Upham & Co., believes that the 1975 trading low will be about 500 and the trading high, by year's end, will be around...
...negotiated commissions [which permit investors to bar gain with brokers over what fee they will pay to buy stock] become effective May 1, 1975." The stocks of companies that produce commodities in short supply, including issues of oil, heavy chemical, metal and lumber concerns, may do well. But Harris, Upham & Co. now sees the Dow Jones average ranging no higher than 780 in the next six months. Its "worst case" assumption is a drop to 680, the lowest since July...
...shown scant interest in the new cut-rate packages, which the houses have made little effort to promote. One small shareholder, Ditria Ilario of Manhattan, notes sourly: "You can make more money by putting your cash in the bank." Brokers are equally unmoved. Says Harvey Bettis, chief of Harris, Upham & Co.'s Chicago operation: "There's a possibility that we will just leave the damn thing alone...
From May 26, when the stock market reached its low of 631.16 on the Dow-Jones industrial average, through last week, the following stocks ade the greatest gains on the major exchanges, according to a compilation by Manhattan's Harris, Upham...
Died. Arthur Upham Pope, 88, the world's foremost authority on ancient Persian art and culture; of a heart attack; in Shiraz, Iran. Pope devoted his life to studying, lecturing and writing about the Persian civilization. In London in 1931, he organized the greatest exhibit of Persian art ever held. His massive six-volume Survey of Persian Art (1938) is still the definitive work in its field. "Turn back! Turn back!" he once cried. "Look to the ancients. Old Persia can save us-those remarkable people, with their gallantry, their decorum, their selfdiscipline, their sensitivity, their humanity, their productivity...