Brokers Earnings Growing Amid Nonprofit Investment Surge
A New York Stock Exchange search study estimates NYSE brokers earned substantial commissions from nonprofit groups in recent years with a projection of $100 million yearly for NYSE members if trends continue. Endowments, foundations, churches, and charities already own large stock shares and could drive higher activity and influence in corporate management. Yale, Chicago and others have begun programs to boost income through increased activity, while nonprofit groups pressure firms on governance and ethical investing.
MENTIONED IN THIS ARTICLE
New York
Nlew York Stock Exchange
NYSE
Mutual
Pepsion
Yale University
Hiversity of
Chicago
Vietnam
United Church O Christ
Eastman Kodek
Church Owl
Port of Houston set to reach 58.5 million tons in 1968
Port authorities project 1968 cargo at 58.5 million tons, up about 2.6 percent from 1967. Record grain shipments and stronger foreign trade boost totals while petroleum slackens. Steel imports and autos from overseas rise. containerized cargo and dry bulk grow, signaling a diversifying, international role for Houston port.
MENTIONED IN THIS ARTICLE
Houston
Property Destruction Rise in Baytown Crime Reports
Baytown police report a surge in property destruction incidents in Baytown involving private vehicles and storefronts. Victims include Rollie Moore at 3105 Michigan with $25 damage, G L Buford at 3122 Michigan with $50 damage, Robert Yates at 1000 North Main where a plate glass window was broken by a can of engine additive, Gerald E. Vincent at 100 East Wright with two smashed windows totaling $30, and Charles E. Buchanan at 308 North St where a convertible top was punctured and seat slashed for $30. Police note several attacks used a club or similar object and investigations continue.
MENTIONED IN THIS ARTICLE
Baytown
Ous
Michigan
Malici
Rollie Moore
G. L. Buford
Robert Yates
1000
North Main
Texaco
Spur 201
Missouri
Gerald E. Vincent
East Wright
Charles E. Buchanan
North St
O'Brien
Alexander Drive
Scientists rap false labeling on drug bottles
A panel of 200 scientists for the FDA found that most drugs tested were totally ineffective and urged relabeling of more than 2 000 drugs. The study, covering drugs introduced before 1962, is about 87 percent complete and expected to finish next year.
MENTIONED IN THIS ARTICLE
Evanston, Hl
Federal Food and Drug Administration
Robert K. Cannan
National Academy of Sciences
Cannan
FDA
Dr. Cannan
Journal unit of land and tornado travel distance noted
Before metric adoption the journal measured a day's plowed area by a farmer. A tornado forms high above, its funnel sometimes touching ground and sparing parts of its path. Typically tornadoes move limited miles, though some travel farther.
Also Mentioned on This Page
Ose
Germany
Stadelheim
Munich
Armer
U.S
Boston
Farmer Brow Bologna
Meweres Longhorn Cheddar
American Cheese
AGAR
OM T.V
PRG
Reditied
Fieg
Hollyhock
Hollyhak
Holyhock
Port Houston
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