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...collects first editions, likes to go fishing in such far-off places as Iceland and Norway. A lawyer turned investment banker, he is little known outside Wall Street. But there Fisherman Randolph has a prize catch on the end of his line. As boss of Manhattan's Tri-Continental Group, composed of six investment trusts with assets of nearly $200 million, Randolph votes huge blocks of stock in scores of top U.S. companies. His two biggest trusts are Tri-Continental Corp. ($86 million in assets) and Selected Industries ($57.8 million...
...among Wall Street's 50-odd closed-end investment trusts (i.e., with fixed amounts of stock on the market), and are favorite stocks for speculators. Since they are "high-leverage" stocks,* they usually outrun the general market both up & down, and speculators give heavy play to both Tri-Continental and Selected whenever the market shows signs of a major move. In the 1950-51 bull market, for example, the common stocks of Tri-Continental and Selected both scooted up about 50%, v. a mere 25% rise in the Dow-Jones industrial average...
...York 92, Tri-Cities...
Gradually, the planes improved. Ford's famed Tri-Motor appeared with a cabin with room for 16. In 1929 came the crate-like, twin-engine Curtiss Condor, a 21-place goliath, followed in a few years by Douglas' famed...
...Tri-City 39, Rochester...