Word: webber
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...Garfield Drew, the champion of the Odd Lots Theory (TIME, March 31, 1961), rushed out 4,500 telegrams urging purchases of such hard-hit issues as Polaroid, Xerox and American Machine & Foundry. On Wall Street, mighty Merrill Lynch, Pierce, Fenner & Smith sent out a "Buy Flash"; so did Paine, Webber, Jackson & Curtis, E. F. Hutton, Francis I. du Pont, and other influential brokerage houses. The long-distance wires hummed from Minneapolis, where the nation's biggest mutual fund group, Investors Diversified Services, was placing orders for $20 million worth of common stocks...
...flamboyant bachelor who specialized in fire sales. His relatives still hold virtually all Hudson's stock. (Among them: Mrs. Edsel Ford, whose mother was J. L.'s sister.) The modern Hudson's gets its character from J. L.'s nephews, Richard, Oscar, Joseph and James Webber-a quartet of merchandising geniuses who took over at J. L.'s death in 1912 and turned Hudson's into a quality department store. In April the three surviving Webber brothers-James died last year-turned active management of Hudson's over...
...advance. The market is 233 points higher than in October 1957, but stocks in the DowJones industrial average are selling at 20 times earnings v. twelve times earnings in 1957. "No major bull market ever started with stocks selling at this high level in relation to earnings." says Paine, Webber's Harry Comer. "And the market is facing a period of poor earnings reports that may blast investors' hopes." Wall Street has been oddly inconsistent in its reaction to that important barometer, earnings. When Zenith released poor nine-month earnings, its stock dropped from...
...brought to this some well-written scenes and his usual technical dexterity. But even considering how amusing the play can be, and eloquent and skillful, and how well George Roy Hill has directed and Barbara Baxley, James Daly and Robert Webber have acted it, a good deal seems somehow unsatisfying. There is, in the end, too much sense of mere surface, of flare-ups with more theater in them than truth, of Freud pinch-hitting for flesh and blood, of amusing little leitmotivs in place of incisive motivations. There is not much organic development, and at times scenes dribble...
...April of last year, despite the increased margin, there was $550 million more credit outstanding on stocks than now. Thus, many Wall Streeters believe that when the Fed says that credit regulation is its only motive, it is telling only half the story. Says Luttrell Maclin, partner of Paine, Webber, Jackson & Curtis: "The Fed became worried about declining business and stock prices. Its action is no longer a function of stock market credit but a veiled effort to fiddle with prices...