Word: narragansett
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Even the radio broadcasting crew has changed this season. Dave Martin is out and Jim Wood is broadcasting along with play-by-play vet Ned Martin. And Narragansett Lager beer, the beer with that "straight from the barrel taste," is back again as a sponsor for the first time since the famous '67 season. (Of course, old favorite engineer A1 Walker is back once again this year to the delight of his many fans. Some things never change...
...issues of stock in small, young companies are not as easy to sell as they were in the 1960s. Venture capitalists fill the gap by buying an ownership stake in struggling companies. They will back just about any kind of business that shows a potential for making profits; Narragansett Capital Corp. of Providence, R.I., is now bankrolling ventures in cable television, soft-drink bottling and women's overcoats, while Cumberland Associates of Manhattan is investing in real estate and ice cream-making firms. In return for his money, the venture capitalist gets a piece of what he hopes will...
...every big winner, though, there is a big loser-and a dozen iffy investments. Narragansett Capital, the nation's largest publicly owned S.B.I.C., has lost $1,081,000 bankrolling Sam Snead All American Golf, Inc. "A venture capitalist looks for a return of ten times his original investment," says Harlan Anderson, head of Anderson Investment Co. in New Canaan, Conn., "but you're lucky if you get that kind of return in one case out of ten, so it evens out." And some venture capitalists go bust along with the businesses they buy into; 400-odd S.B.I.C.s have...
...event was called the Newport Jazz Festival New York. It was a massive transplant of the same Newport Festival that rotund former Jazz Pianist George Wein, 46, had run for 18 years in a large field hard by Rhode Island's Narragansett Bay. In recent years, with rock festivals failing on all sides, Newport had become a new chosen land of the Huns of Aquarius. Last year, when a noisy and violent horde broke through a chain-link fence and overran the paying customers while Dionne Warwicke was singing, Wein had enough; he canceled the show. A few days...
Married. Frank ("The Fordham Flash") Frisch, 74, Hall of Fame second baseman, player-manager for the St. Louis Cardinals of the '30s, and later broadcaster for the Boston Braves and New York Giants; and Schoolteacher Augusta Kass, 64; both for the second time; in Narragansett...