Word: wall
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Dates: during 1960-1969
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When will Wall Street set a better tone? Monte Gordon, vice president in charge of research for Bache & Co., looks toward the time when speculative fever will subside. "The market will stop going down," he says, "when people stop trying to make huge profits in short periods of time." Lewis Schellbach, executive vice president of Standard & Poor's, thinks that some investors are worried enough to dump their stocks. "This decline has gone so far that we really need a selling climax," he says. Said James Hart, a Lehman Bros, partner: "For the near future, the trend is down...
...hardly a comforting fact that Wall Street was not alone in its troubles...
...tone for recovery." The Swiss exchange, after peaking as New York did in February, is off 18%. Amsterdam's market has lost 25% of its values this summer, and West Germany's markets are off 20% since February. Paris' bourse, in the doldrums longer than Wall Street, is sagging in spite of large stock purchases by French banks on orders from De Gaulle's government...
When New York City last week declared Trinity Church a municipal landmark, it honored something more than an esthetically pleasing place of worship. A grimy, spire-topped Gothic church overshadowed by Wall Street skyscrapers, it is an island of pastoral calm amidst the marketplace. Its outdoor benches are often crowded with secretaries and sightseers, and its cemetery is a favorite lovers' rendezvous. More than that, though, Trinity Church is a powerful, still-active force in U.S. ecclesiastical history. It is the largest parish in the Protestant Episcopal Church, with 3,900 congregants. It is also the wealthiest, with...
Sensitive to its reputation as a churchly extension of Wall Street, Trinity has tried to use its fortune with conscientiousness and care. Over the years it has helped establish more than 500 churches and other institutions, including a generous 1754 land grant to King's College-now Columbia University. Today Trinity supports six church-size chapels in New York City, including three "inner city" missions on the Lower East Side and the fringe of Harlem. In all, Trinity and its daughter chapels sponsor more than 100 sideline activities, ranging from children's summer camps to chapters of Alcoholics...