Word: webber
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...learning to minister to the world principally by living in it. A larger and more structured program along similar lines is apparently working well. Last year Manhattan's onetime conservative New York Theological Seminary made a major shift in direction by choosing as its new president George W. ("Bill") Webber, 49, liberal former pastor of the experimental East Harlem Protestant Parish. Out went required courses; in came such things as a part-time bachelor-of-divinity program, which those in secular employment can finish in five years...
...unwelcome at firms whose operations are badly snarled. Hayden, Stone & Co., which last month decided to close ten offices and fire 200 of its 1,100 customers' men, has told survivors that they will not be paid for taking orders that earn less than $12 in commissions. Paine, Webber, Jackson & Curtis says no to anyone who wants to open a new account with an order of less than $1,000 for a listed stock, or $5,000 for an over-the-counter stock. E.F. Hutton & Co. turns down would-be clients with orders of less than...
Many brokers contend that it is right because the small investor does not pay his way. James W. Davant, managing partner of Paine, Webber, argues that the cost of handling stock transactions is rising so rapidly that brokerage houses lose money not only on the odd-lot business but also on the average "round-lot" trade of 100 shares or more. "It is unprofitable to serve the investment needs of the small investor," he says bluntly. Brokers make money on the really big trades-and those profits too have been...
...first ever of a U.S. ambassador, naturally shocked Washington, Guatemalans were not so startled. Since civilian rule supplanted a rigid military regime in 1966, Communist and right-wing terrorists have killed some 2,000 people in their running crossfire-among them two U.S. military advisers, Army Colonel John Webber Jr. and Naval Lieut. Commander Ernest Munro, who were murdered in Guatemala City last January. The killing of Ambassador Mein ended a promising four-month lull in Guatemala's violence. It set back hopes for new political stability, encouraged only last month when President Julio...
...estimated $4.5 billion worth of undelivered stock was caught in the clotted pipelines. "There aren't enough people, there's not enough space and there's not enough equipment to cope with the volume," said Partner Paul Tobin of the Manhattan brokerage firm of Paine, Webber, Jackson & Curtis...