25 YEARS AGO THIS WEEK: Painer Webber announced a deal to acquire L.A.-based Mitchum, Jones and Templeton, the largest regional brokerage in California … El Segundo-based Rockwell International Corp. was spending $74 million to sew up its acquisition of Collins Radio Co. of Dallas … Coast Federal Savings agreed to buy Liberty Savings of West L.A.
The Newsmaker: Reversing a previous decision, Columbia Pictures President Alan J. Hirschfield said he was abandoning plans to relocate the studio headquarters from New York to Los Angeles. Hirschfield said only the company’s Screen Gems division would move to the West Coast.
The Numbers:
Aug. 10, 1973
Dow Jones Industrial Average: 892.38
New York gold: $107.05 oz.
Eight-track tape: $3.88
Head lettuce: 19 cents
