Word: merchant
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SUMMER OLYMPIC TRIALS (ABC, 4-5 p.m.). Swimming competition from Astoria, N.Y.; gymnastics from the U.S. Merchant Marine Academy, Kings Point...
...also captured the fancy of a darkly handsome British real estate tycoon named Max Rayne. Two years ago he bought one-third of the hotel from William Zeckendorf, later bought the whole thing when Zeckendorf became even harder pressed for cash. Last week representatives of Rayne's London Merchant Securities Ltd. concluded an agreement for a huge and shrewd real estate deal involving the Savoy Plaza...
...Street. Rayne is more than happy to accommodate G.M. by razing the Savoy Plaza; he believes that the New York hotel market is overbuilt and will be in trouble after the World's Fair closes. Says he: "What's good for General Motors is good for London Merchant Securities...
...years ago, Rayne bought control of London Merchant Securities, a then moribund company. Under Rayne's guidance, the firm from 1960 to 1963 raised its after-tax profits from $75,000 to $1,000,000 and its assets to $50 million...
...tiny (pop. 1,887) landlocked town that has produced no fewer than four admirals.* His father was the nephew of President U. S. Grant, the Civil War giant, but Sharp was not the military type: he ran a general store. Young Oley, bored with the prospect of a merchant's life, wanted-and won-an appointment to the Naval Academy. He boxed, ran the 880 on an intramural track team, but produced a so-so scholastic record and in 1927 graduated 286th in a class...