Word: wall
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...within three years had appeared in 15 features; his fans flocked to see him in such films as Waterloo Bridge, Bataan and Quo Vadis. In later years, Taylor won critical as well as popular acclaim for such workmanlike stints as the mental patient in 1947's High Wall. As Longtime Friend Ronald Reagan said in his eulogy: "He was more than a pretty boy, an image that embarrassed him because he was a man who respected his profession and was a master...
...farthest toward overcoming. It is slowly phasing into operation a Central Certificate Service, which will transfer stocks from one brokerage account to another by making electronic bookkeeping entries. That will end the archaic system under which messengers now lug bags of stock certificates between brokers' offices in the Wall Street area. This week the exchange also will show off to the press a new computerized system for matching the institutions' big buy-and-sell orders. Next month the exchange will relieve crowding by increasing space 20%, opening up an extension to the trading floor. Exchange officials are asking...
...even inefficient brokerage houses to make money and the most efficient ones to make barrels of it. Donaldson, Lufkin & Jenrette, a house that specializes in institutional orders, has consistently had a profit margin of 50% before taxes under this system. Individuals can make more money with less work on Wall Street than almost anywhere else in the economy. Some neophyte brokers earn commissions at a $50,000 annual rate within six months after graduating from a training course, and veterans fairly commonly make $100,000. Haack generally advocates a new commission schedule under which efficient firms would continue to make...
...WHOM TO LET IN. Public ownership of the exchange's member firms is the prospective change with the greatest long-range potential for reshaping the structure of Wall Street. The need is clear. Despite the rich commissions, member firms lack capital for long-term needs such as back-office automation, and several recently had trouble complying with an exchange rule that capital must equal at least 5% of debts. They must now rely on internal growth and borrowings...
Besides that, it would be desirable to open the "exchange community" to the new ideas that new brokerage owners would bring, and to let the public share in Wall Street's profits. Donaldson, Lufkin is threatening to leave the exchange if the constitution is not changed to let it go public (TIME, May 30). Haack seems sympathetic, but he predicts that a forthcoming vote on public ownership among the exchange's seat holders will be "close...