Word: witter
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Dates: during 1960-1969
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...Died. Witter Bynner, 86, poet-translator who pulled one of U.S. history's most successful literary put-ons; in Santa Fe, N. Mex. Disgusted with the imagist, expressionist and futurist schools of poetry, Bynner in 1916 founded a spurious "spectrist school." Helped by fellow poet Arthur Ficke and a bottle of Scotch a day, he produced in ten days a volume called Spectra, which was praised for two years by eminent critics for such spoofy lines...
...Stock Exchange index of all issues traded on the Big Board to a record high of 54.26, up .87 for the week. "The only thing capable of reversing the prevailing psychology," says Analyst Robert T. Allen of Shearson, Hammill & Co., "is a complete breakdown in peace negotiations." A Dean Witter & Co. report reflected a widely held Wall Street sentiment: "A truly fundamental change has taken place in the investment outlook. Resolving the Vietnamese conflict would free the U.S. to attack domestic problems deferred too long-and will create great demands...
...depositors now in swaps will continue to enjoy their benefits, no newcomers can be admitted after April 30. The newly forming funds, as a result, are being swamped. "We're doing a really big business now," says Roger S. McCollester, national manager of mutual-fund sales for Dean Witter & Co., "because investors feel this is the last train out of the station...
...Britain, and seven to 20 in France. Merrill Lynch, Pierce, Fenner & Smith has increased its outposts from none in 1951 to 17 today, and Bache & Co. now has 16 offices in Mexico City, Tokyo, Beirut, Hong Kong, and a dozen European cities. Also spreading overseas are Dean Witter; Fahnestock; Harris, Upham; Smith, Barney, and scores of other brokers. In addition, U.S. bank branches do a brisk business in the stocks of American companies or their foreign subsidiaries...