Word: brokering
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North Carolina's William E. Cobb, 39, a slender, crew-cut lumber broker in Morganton, has been zealously building up his party since taking over the G.O.P. leadership in 1958. In 1960 Republican Robert L. Gavin managed to poll 46% of the vote for Governor. Cheered on by Cobb, nearly 1,000 delegates showed up at the annual state convention in March-nearly twice the expected number. Declared Cobb: "We are the nucleus of a political bombshell that can go off at any time...
Into a trust fund for his widow went the $6,982,000 remainder of the $37.2 million estate left by Broker-Businessman Charles Ulrich Bay-taxes, administrative costs, and bequests to charities took the rest. But Josephine Bay Paul, 61, who took over from her husband as board chairman of American Export Lines and president of Wall Street's A. M. Kidder & Co., is still a very rich woman. She has the $13.5 million Bay left her before he died in 1955, is now married to wealthy Broker-Oilman C. Michael Paul, and cuts such a figure...
...guests quickly fished her out, and Ethel changed into a dry dress and a brown wig that just happened to be on hand. But that was only the beginning: into the water, at the hands of persons unknown, went Arthur Schlesinger and Mrs. Spencer Davis, wife of a Washington broker and good friend of Ethel Kennedy's. They, too, were helped out, walked away dripping and rejoined the party wearing clothing borrowed from the host and hostess...
...height of Wall Street's trading frenzy last week, Chase Manhattan Bank Economist William Butler told a top New York broker: "Well, I guess this is a healthy readjustment." Snapped the broker: "One more healthy readjustment like this and I'll go through the window...
...produced only minor ripples. And in South Africa, rigid government currency controls have so cut off the local financial community from the rest of the world that the Rand Daily Mail index shrugged off Blue Monday with a drop of only one-tenth of a point. Mused one Joburg broker: "There might be something to isolation after...