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Around the track slowly toured a curious contraption on wheels followed by harrows and a screen. It was a '"cooker," like the ones used to melt asphalt on highways, with six blast torches to dry out the ground. At Santa Anita, called the world's best racetrack, 18 miles northeast of Los Angeles, all this was part of the world's richest horserace: the Santa Anita Handicap...

Author: /time Magazine | Title: Sport: Richest Race | 3/8/1937 | See Source »

...Ministry because of the clear approaches on all sides. Last May work began on four huge runways, two of which are nearing completion. One will be a mile long, 1,200 ft. wide, the others 4,500 ft. long, 600 ft. wide. All will be covered with asphalt and an extra mile of approach will be cleared at each end. All runways will have a flushing apparatus to clear away snow. Two miles away at Gander Lake, which is said to be ice-free all year, is a clearing for a seaplane base, with two channels almost wholly dredged...

Author: /time Magazine | Title: Transport: Transatlantica | 3/1/1937 | See Source »

Certainteed is the third largest U. S. manufacturer and distributor of gypsum products, chief of which are ordinary wall plaster and wallboard. Its name was derived in 1917 from a trade-mark for the asphalt roofing which was its original product and is still its mainstay. Its weakness was a result of boomtime expansion which culminated in the purchase of Beaver Products, makers of Beaver Board and "Bestwall," original gypsum wallboard, in 1928. To acquire Beaver Products the company had to issue $13,500,000 in bonds, thus simultaneously gearing up productive capacity and enormously in creasing its burden...

Author: /time Magazine | Title: Business: Certain-teed Shakeup | 1/4/1937 | See Source »

Cotton. Nearly 1,000 miles of cotton-reinforced asphalt road will be laid in the U. S. this summer in a demonstration backed by the Federal Government. Asphalt-with-cotton needs less maintenance than ordinary bituminous road surfacing, the fabric preventing cracking, water seepage, minimizing heaving when frost comes out of the ground. Eight to ten bales of cotton are required for each mile of road. If all bituminous resurfacing were done with cotton, a market for some 400,000 bales would be provided annually. Latest development in cotton is an experiment in converting the entire plant-boll, pod, leaves...

Author: /time Magazine | Title: Business & Finance: Chemurgicians | 5/25/1936 | See Source »

...years since oil was first found oozing from the ground around masses of asphalt in the Maracaibo Basin, more than 1,000,000,000 barrels of crude petroleum have crossed the shallow bar that joins Lake Maracaibo to the Gulf of Venezuela. For a few years Venezuela ranked second to the U. S. in oil production, though since 1931 Russia has crowded it into third place. In neighboring Colombia, where the oil oozed just as freely, only Standard Oil of New Jersey has so far made the tremendous investment necessary to get South American oil to market. Colombian oil fields...

Author: /time Magazine | Title: Business & Finance: Captain & Concession | 5/4/1936 | See Source »

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