Word: asphalting
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Dates: during 1930-1939
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Flintkote to Lehman. Among the far-flung assets of Sir Henri Deterding's Royal Dutch-Shell group of oil properties is an old-line U. S. building concern, Flintkote Co., makers of asbestos and asphalt shingles and roofing, building paper and other asphalt products. Sir Henri picked it up in 1928 for $8,700,000 cash, receiving the entire issue of Class B stock, which carries the right to elect a majority of Flintkote directors. The Class A stock is traded on the New York Curb Exchange, selling last week for $48 per share as against...
Though Flintkote's asphalt products justified Oilman Deterding's interest in a U. S. building company, it has been reported for weeks that he was about to sell out. Last week the reports were confirmed when Flintkote filed a registration statement for an issue of common stock to replace the present Class B stock now outstanding. Upon that conversion the Class A automatically becomes plain common. When this operation is completed, two Royal Dutch affiliates, Shell Union .and N. V. de Bataafsche Petroleum Maatschappij, will sell the Flintkote shares they will get in exchange to a banking group...
...Cloyd Delson Looker, research director of International Salt Co., and Heinrich Ries, Cornell University geologist, the treatment makes clay hard like concrete, retards evaporation so that the surface remains moist and firm, provides an almost nonskid track. The cost per mile ($1,200) is about a third that of asphalt, one-twentieth that of concrete...
...unrolled, like a mile-long rug, on the new road between Greenville and Scott, under the eyes of 400 engineers, farmers and Federal bureaucrats, including Manager Oscar Johnston of AAA's Cotton Pool. The cotton, fixed by tar. is laid between the clay and gravel base and the asphalt surfacing. It acts as a binder, prevents stretching and cracking. Extra cost of the binder is $750 per mile, which, experiments in other States show, should be returned later by decreased maintenance bills. Cotton men believe that when highway commissions get over their scepticism 2,000,000 miles of secondary...
Besides the mire and dust of gravel paths there is a greater total expense to the university. Asphalt requires very little upkeep and makes snow removal infinitely cheaper and more rapid. The use of dangerous and unsightly narrow wooden walks in winter is unnecessary; the expensive storage and repair of these may be abandoned...