Word: amerada
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Dates: during 1950-1959
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...tended to shift away from stocks, buy bonds for added security, and thus start the market down. In the current market, some 100 of the 958 dividend-paying stocks on the Big Board are paying less than high-grade bonds, e.g., I.B.M. (at 399½), Du Pont (at 237), Amerada Petroleum...
Needed: Leadership. Abroad, the company joined Standard Oil of Ohio and Amerada in forming the Conorado Petroleum Corp. to explore outside North
...contrast, gave every promise that the pumps will be clanking soon. It, too, adopted the 50-50 formula and other major provisions in the world pattern. Three big oil companies-California Standard, Standard Oil Co. (N.J.), and Conorada Petroleum Corp. (a combine formed by the Continental, Ohio and Amerada oil companies)-seemed ready to sign...
...AMERADA brought in a well near Williston, N.D., which oilmen believe has tapped a new oilfield in the rich Williston Basin...
...flock of year-end dividends and a spate of extras were declared last week. Amerada Petroleum Corp. declared an extra $1. New York Central upped its dividend 50?, and Polaroid Corp. gave stockholders one new share for every two shares held. Despite the good news, the dreary market slipped, under heavy selling of the tobacco stocks. In one day, the three biggest tobacco stocks fell more than three points each as investors took note of 1) published reports linking cigarette-smoking with lung cancer and 2) a slip in tobacco sales over the past few months. By week...