Word: witters
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...Indonesia, among them Natomas and Asamera, are more speculative. No one can yet tell what their rigs eventually may turn up, and that very mystery excites investors. Volatile Natomas, the biggest gainer of all, recently has been traded so heavily that Paul Hayes, oil analyst at William D. Witter Inc., calls the stock "a football being tossed back and forth by the funds...
...rash of merger discussions; strong firms are trying to acquire weaker ones, and undercapitalized houses are wooing those that are better financed. During the 15 months ending April 1, the number of New York Stock Exchange member firms declined from 646 to 612, largely through mergers. Recently, Dean Witter & Co. agreed to take over San Francisco-based J. Barth & Co., and Clark, Dodge acquired the West Coast brokerage firm of Irving Lundborg & Co. Last week Halle & Stieglitz announced that it would take over five offices of Orvis Brothers & Co. in the Manhattan area, and Charles Plohn & Co. said that...
...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...