Word: coasts
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Dates: during 1960-1969
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...Navajo Reservation in Arizona. The youngsters had written a letter offering to take Manhattan Island off his hands for $24 worth of trinkets and beads. Replied His Honor, with equal seriousness: "Your offer falls far short of the current value of Manhattan Island-which has become the East Coast's answer to your own Monument Valley. Our unanimous judgment is that because of the enormous growth in building and population on Manhattan since 1623, combined with the creation of a modern transportation system, distinguished architecture, wonderful park and recreation facilities and our nationally renowned credit standing, we could...
Married. Sandy Koufax, 33, former Los Angeles Dodger pitching ace and prize Hollywood bachelor, who has become one of the most popular television sportscasters on the West Coast; and Anne Widmark, 23, Actor Richard's beautiful brunette daughter, who met Sandy six months ago in Malibu when he strolled by and offered to help paint her family's beach house; both for the first time; in a civil ceremony at the Widmark home in West Los Angeles...
Exchange President Elkins Wetherill calls the eight-mile flight "a matter of survival." Though it accounts for only 1.3% of all U.S. stock transactions, the P-B-W is the third largest of the nation's nine regional securities markets, after the Midwest and Pacific Coast exchanges. More than three-quarters of its annual 45-million-share volume comes from brokers outside Philadelphia. Most of that business involves stocks listed on the big New York exchanges. Says Wetherill: "No broker would do business with us when he could save his customer the 50 a share on the other regional...
...line was the product of a unique three-way merger that in 1968 brought together Pacific Air Lines of San Francisco, Phoenix-based Bonanza and Seattle's West Coast. None of the three was big enough to boss the other two, and the result of divided leadership was snarled schedules and fouled-up reservations. The Bank of America, which financed the merger with $54 million and expected its money back by Jan. 1, advised Air West's management to sell the company "before it is no longer at tractive." Meanwhile, no more loans...
Bitter Brawl. Enter Hughes. His of fer last August of $22 a share, or about $94 million, set off a turbulent board room brawl. Air West Chairman Nick Bez, 73, former head of West Coast and a generous contributor to the Democratic Party in Washington State, spoke for Hughes. Lined up against him were Vice Chairman Edmund Converse, for mer head of Bonanza, and President G. Robert Henry. They insisted that Air West has enormous potential and that the offer, made through the Hughes Tool Co., was far too low. Says Henry: "We're spread over the richest...