Word: ammonias
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...Mines to market the gas. and De Pous. now-dubbed "The Sheik" by wags around The Hague, is laying down stringent marketing regulations. Present plans are to reserve about 25 billion cubic feet of it for "premium'' industrial use. including the fueling of projected new aluminum and ammonia plants, and to enable Dutch householders to convert to gas furnaces and stoves...
...Unmoved, the grand jury handed down a new indictment against Estes, which raised the total number of his pending charges to 16 counts of mail fraud, twelve counts of illegally transporting securities in interstate commerce, and one count of conspiracy in faking the existence of scores of fictitious anhydrous ammonia tanks. Other developments in the Estes scandal...
Among its specialties was anhydrous ammonia, a chemical fertilizer. And then in 1958. along came Billie Sol Estes. who could sling fertilizer with the best of them...
Offering the shakiest sort of financial credits. Billie Sol still sold Commercial Solvents on a curious deal: over the ensuing years, the company supplied Estes with an estimated $12.7 million worth of the anhydrous ammonia fertilizer-getting back to date some $7.000,000 in Estes' revenues for grain stored in Billie Sol's grain elevators under federal programs. Estes "paid"-and little cash was involved-as much as $90 a ton to Commercial Solvents for its chemical manure, then sold the stuff to West Texas farmers for as little...
When Billie's bubble busted. Commercial Solvents was left floating. The firm has since found itself a co-defendant with Billie Sol in a civil antitrust suit filed by Texas' Attorney General Will Wilson. The charge: conspiring to monopolize the West Texas market for anhydrous ammonia by underselling all competitors...