Changes of the Week

P:Harold W. Scott, 49, a Wall Streeter since he graduated from Princeton University in 1925, was nominated (equals election) as the nonpaid chairman of the New York Stock Exchange, succeeding Richard M. Crooks, who declined renomination. A partner of the investment firm of Dean Witter & Co., and a governor of the Exchange since 1949, Scott has been a leader in the Exchange campaign to sell the public on the advantages of stock ownership. George Keith Funston continues as the $100,000-a-year president and chief executive officer of the Exchange.

P:Stephen Power Parish, 62, moved up from president of Reed Roller Bit Co. to board chairman. A onetime roughneck in the Texas oilfields and a brother of William S. Parish, president of Standard Oil (N.J.) from 1937-42, Steve Parish took over Reed in 1925 when it had some 80 workers and $1,000,000 in assets. He built the company into the world's second largest oil-tool concern (first: Hughes Tool Co.), with assets of $24 million and worldwide markets for its rock bits, rotary joints, drill collars and coring equipment. R. G. Hamaker, formerly vice president for sales, took over as new president.

P:Irving T. Bennett, 53, was named board chairman of General Cable Corp., makers of wire, cable and conductors. A former vice president and general manufacturing manager of Revere Copper & Brass, Bennett went to General Cable a year ago as a director and chairman of the executive committee. He succeeds Dwight R. G. Palmer, who retired after 35 years with General Cable and its predecessors.

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