Word: amerada
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...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...
Slowpoke. What set off the wondering was a series of jolts which took as much as six points off Denver & Rio Grande and Amerada Petroleum, knocked the Dow-Jones industrial average down more than six points to 265.74, within a whisker of its 1953 low of 262.88 in June. But even more worrisome was the fact that railroad stocks, which had been leading the market until recently, actually broke through their year's low. To the dwindling band of Wall Street theorists who still follow the so-called Dow Theory, that was an alarm signal. If the industrial index...
...week TIME receives dozens of requests for permission to reprint articles or to quote from them. One of the most unusual came recently from Dr. Lenox D. Baker, of the Duke University School of Medicine. He wanted permission to reproduce the cover picture of Oilman Alfred Jacobsen, president of Amerada Petroleum Corp. (Dec. i). Dr. Baker also wanted permission to quote the cover caption in a paper on Marie-Strumpell arthritis that he was to deliver at a meeting of the American Academy of Orthopedic
...when the British government took over the shares to pay for arms purchases, the Cowdray family held 17%. For this, the British government paid $5,000,000 in its own bonds at Amerada's then market price. The same shares were worth $100 million at this year's peak price, and Britain recently began selling them in the U.S. (Phelps Dodge Corp., copper producers, bought $19 million worth, thus got a 3% interest in Amerada...