Word: bidding
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Dates: during 1960-1969
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Avoiding Muscle. The Nixon Administration earlier this year began requiring contractors in Philadelphia to present detailed plans for hiring Negroes in order to qualify to bid on federal construction projects. George Meany and many contractors argue that the "Philadelphia Plan" amounts to a racial-quota system barred by the 1964 Civil Rights Act. In response to an inquiry from Arkansas Senator John McClellan, U.S. Comptroller General Elmer Staats recently held that the plan is illegal. The Labor Department, backed by a contrary opinion from Attorney General John Mitchell, is pushing ahead anyway. It expects to extend the plan to federal...
Brown said the changes had been suggested after last year's annual October membership meeting when, for the first time, members made a serious attempt to defeat a slate of directors nominated by the Coop's stockholders. The bid to elect an alternate slate failed to draw the necessary quorum of five per cent of the 60,000 student and faculty members at Harvard, M. I. T. and the Episcopal Theological School to the meeting at Rindge Tech...
Last year at the Saratoga Yearling Sales, Sonny Werblin, former owner of the New York Jets, bid $39,000 for an attractive chestnut by Prince John out of Prayer Belle, Mrs. Werblin, long a fan of John Barrymore, named the colt Silent Screen...
...keep competitors from learning the size of their bids, the oilmen in the Anchorage Westward Hotel reserved rooms on either side of their own and the rooms above and below. A favorite joke around town went: "Are you in oil?" "No, I'm incognito." One company wrapped its bid in aluminum foil in case a competitor had an exotic camera capable of taking pictures through a manila envelope. Another consortium, headed up by Continental Oil, hired a private train at $12,500 a day to ply back and forth between Calgary and Edmonton for four days while executives prepared...
Then the results were announced. For the first six tracts, a combine of Gulf Oil, British Petroleum and its Alaskan subsidiary bid $97 million. Another tract, just southwest of Prudhoe Bay, brought the highest single bid of the day, submitted jointly by Amerada Hess and Getty Oil: $72,277,133. A rival consortium of Phillips, Mobil and Standard Oil of California had bid a scant $164,133 less. Having underestimated on one tract, the same group decidedly overestimated on another, making a bid of $18,130,000. The next highest bid was a nominal...