May 18, 1988

LEAD: Shearson Lehman Hutton Inc., which pleaded guilty earlier this week to charges that an E. F. Hutton & Company branch had laundered money, disclosed today that it had uncovered further instances of possible money laundering at several New York City branch offices of E. F. Hutton.

LEAD: LAST October, two days after the stock market plunge, a 64.83-carat diamond was sold at Christie's for $6.4 million, the highest price ever paid at auction for a gem. Last month, that record was broken by the sale of a 85.51-carat diamond for $9.13 million at Sotheby's. The same Sotheby's auction set records with the prices fetched by a pink diamond ($4.73 million) and a cultured pearl necklace ($1.265 million).

LEAD: Rebuffed in its attempt to replace the Irving Bank Corporation's board, the Bank of New York Company yesterday announced a new step in its eight-month battle to acquire Irving.

LEAD: It was 1983 and Ken Garber was on the move around the city a lot, selling medical electronics - patient monitors, EKG machines, that sort of thing - when he began to notice pushcarts were getting fancier. All of a sudden lightning struck in the form of a full-blown idea (it happens this way with entrepreneurs) and Mr.

LEAD: Federal authorities charged yesterday that a member of a white supremacist organization and his wife conspired to kill or injure the Rev. Jesse Jackson.