30 YEARS AGO THIS WEEK: Southern California Edison Co. and Bechtel Corp. announced plans to build “Calabasas Park,” a $250 million development of 4,000 “all-electric” homes. Developers said the community would resemble a Bel-Air or San Marino, with prices starting at $45,000 for a small lakefront home and ranging up to $100,000.
THE NEWSMAKER
Marvin W. Reimer was named to the new position of president and general manager of the Sun Co. of San Bernardino, publishers of the morning Sun and evening Telegraph. The company also operated Acme Colorprint, printers of colored comic sections for 52 newspapers.
THE NUMBERS
Feb. 23, 1968
Dow Jones Industrial Average: 849.80
London gold: $35.20
Steel trash can, 30 gallon: $3.99
Sofa and loveseat: $399
