Retiring building official Terrorist group of ’60s Quake kills How Davis made hundreds of millions believed In compassion still object of manhunt 400 In Guinea Let's say you're a big spender on holiday gifts and is planning to go public. Davis wouldn’t discuss it, but ... page 3 ... page 9 ... page 4 you decide to give Rolls-Royces — the $100,000 kind — figure a price-earnings multiple of 8; and if the deal at the rate of 15 an hour every hour between now and comes off Davis becomes $200 million richer. the seven remaining shopping days before Christmas. That's a far cry from his humble beginnings. Born That would mean a shopping list of 2,500 Rolls — Dan Dorfman in New York and raised in Brooklyn, Davis was one of Two realtors graduate which would cost you $250 million. three children. His father was a jobber distributing a HARTFORD — Manchester realtors Thomas I had dinner the other evening with J. Morton Davis, line of kosher provisions. And in his early married M. Eastman and Gregg E. Moffatt attained the a fella who, if he could convert his assets into cash, has Syndicated years, Davis, his wife Rozy and their three daughters Graduate Realtors Institute designation during the wherewithal to do just that. And If he did, he'd still Columnist (now he has four) lived in a rat-and-roach-infested have millions left over. three-room apartment on Manhattan's Lower East' 1983, John M. Keiiam, educational chairman of Cloudy tonight; Manchester, Conn. the Connecticut Association of Realtors, has It's one of the super rags-to-riches stories of one of Side. announced. the country's most successful entrepreneurs in the A magna cum laude graduate of Brooklyn College, chance of snow Tuesday, Dec. 27, 1983 Eastman works for the Edmund J. Gorman new-issue game. Davis, a one-time door-to-door vacuum cleaner Single copy: 2SC Real Estate Agency, according to the business And to hear Davis tell it, the new-issue market — salesman, joined the brokerage firm of Shields * Co. See page 2 group and Moffatt works at the Century which was red hot earlier in the year and then turned ing to an analysis by Abrahamseh & Co., corporate right after graduating from Harvard Business School 21/Jackston Showcase agency. into a disaster area for many investors when the finance data-base specialists, the average new issue in 1959. He subsequently became its second biggest Both attained their designations by taking general market started to falter in mid-June — is brought out by D.H. Blair — covering Dec. 1, 1979, sales producer, joined Blair in 1961 and took over as three courses offered by the CAR and approved starting to perk up. through Sept. 30. 1983 — is up 210 percent. That's 54 sole owner of Blair in the early '70s. by the National Association of Realtors, the The 54-year-old Davis — his legal name is offerings all told — raising capital of $242 million. He recently published a book, "Making America institute said. Each course inciuded 30 hours of Davidowitz (pronounced Dah-VlD-o-witz) — is the In contrast, in the same period of time L.F. Work A^ain," which has been lauded by economists classroom instruction and a two-hour exam. sole owner of D.H, Blair, a small investment banking Rothschild Unterberg Towbin and E.F. Hutton each Walter Heller and Lawrence Klein. A blueprint for Topics covered ranged from construction to firm specializing in emerging growth companies. It brought out 17 new issues as the sole lead growth that’s designed to carry us through to the year Yuri inarketing and also included advertising, taxa­ was founded in 1904. underwriters. Rothschild's are up an average 62 2000, the book talks about realizing traditional tion, ethics and depreication. "Four or Bve weeks ago I couldn't do a deal (a new percent; Hutton's, 44 percent. The 12 new issues American values through special tax incentives to Some 211 realtors statewide earned the GRI public offering)," Davis tells me. "Nobody wanted to targeted groups (be it teachers or young Pope meets Agca in Rome prison brought out by Merrill Lynch in which it acted as sole 2 designation during 1983, the institute said. hear about it — notwithstanding our good record. Our lead underwriter averaged a 62 percent gain. entrepreneurs). misses clients were afraid to buy ..." Obviously traditional values are what he prizes In 2 For the 12-month period ending last Sept. 30, Blair's Now, though, he says, the window's starting to open his personal life, as noted in the inscription in the book By Paulo Butturinl remain between him and m e," a average new issue sports a 41-percent gain — not bad, • Vatican spokesman quoted the / up and investors are coming back in. Davis attributes but a few percent below the advance of the Standard & to his wife of 33 years — "T o Rozy who is, simply, my United Press International Colonial declares dividend pope as saying after the this to the fact that investors are now getting a better Poor's 500-stock index in the same period. wife — my life." meeting WATERBURY — The board of directors of meeting. shake — with underwriters cutting both the offering All told this year, Blair's done 32 deals — with 19 ROME — Pope John Paul II Colonial Bancorp Inc. recently declared a price and the size of the deal. currently up and 13 down. and the Turkish terrorist who John Paul and Agca met alone quarterly dividend of 20 cents pwer share of in the cell, but the cell door He notes that of seven underwritings he's done in the Since Davis is not averse to taking a shot in high-risk J. Morton Davis’ 10 biggest killings shot and wounded him in an By John lams common stock, the company has announced. remained open and prison past four weeks, five are up and two are down. situations, you'd figure he'd have his share of Total Current assassination attempt sat eye- United Press International The dividend is payable Jan. 27, 1984, to to-eye and talked quietly for 21 guards stood in the corridor If you look at the current pricesof someof the highly bankruptcies. Actually, if you look at his nearly investment value t shareholders of record Dec. 30. touted new issues that came out earlier this year, it's minutes today in a private jail nearby. four-year record covering those 54 new issues, 35 are TIE-communications $101,000 $35,319,000 MOSCOW — Ailing Soviet leader 4 Colonial is a bank holding company which easy to understand why investors should be wary — cell meeting. The Vatican spokesman said up and 19 are down. Just two companies, Accutest (oil Enzo Biochem 831,291 11,346,000 Yuri Andropov raised more ques­ 7 figures its assets at more than $1.3 billion. It and then some. " I have spoken with a brother Agca did not embrace the pope services) and Biocell (cancer tests), can be viewed as tions about his health by missing a operates some 60 offices in the Connecticut. Genetic Systems 1,000 5,205,000 whom I have pardoned and who as he entered the cell, but went U.S. Telephone is down from a high of 26'/i to 4V*. potential bankruptcies, Davis tells me. Moreover, he Communist Party Central Com­ Xicor 2,000 3,116,000 enjoys all my trust," the pope down on one knee and kissed his Victor Technology, which sold as high as 21’/« earlier says, just six stocks are down more than 50 percent. mittee meeting, but the appoint­ this year, is now 4. Another dog. Fortune Systems, has Home Centers of America 1,000 2,585,000 told aides after the meeting. hand as the pontiff was leaving. One big Blair disaster is XOIL, an oil and gas ment of two allies to the ruling fallen from 2l'A to 6. And Kolff Medical has shrunk Health Info. Systems 464,000 2,450,000 The pope's encounter with Four days after the shooting, DIM aggio Joins CBIA tax-shelter company that moved into the exploration Politburo showed his hold on from W /2 to iV t. Telepictures Corp. 1,000 2,360,000 Mehmet Ali Agca, 25, who John Paul publicly forgave end. The stock came out at 4 in August of '80, ran up to power. HARTFORD — Donnamaria A. DiMaggio of Greed on the part of underwriters and corporate Webcor Electronics 861,000 2,328,000 wounded John Paul in St. Agca and called him a 24 and is now around 2'A. Some of Davis' closest Andropov, unseen in public for South Windsor has joined the Connecticut management — namely overpricing the deal — is Patient Technology 1,000 1,346,000 Peter’s Square May 13. 1981, "brother" in a tape recording friends were badly butchered in the company, which 131 days, had a speech read in his Business and Industry Association as an viewed by Davis as one of the chief reasons why many Inti. Mobile Machines 1,000 930,000 climaxed a 3-hour visit to made from his hospital room. almost went bankrupt. Davis says he's personally put name at the key two-day meeting administrative staff programmer, the associa­ new issues took a shellacking this year. Total $2,264,291 $88,985,000 Rome’s top-security prison, Re- The meeting was viewed by $14 million of his own money into XOIL to keep it alive of the Central Committee that tion's president, Kenneth 0.