Word: basins
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Dates: during 1950-1959
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Course: One and three-quarter miles upstream in the Charles River Basin. The Races will be broadcast from walkie-talkie in the launch.THE ADAMS...
...bull market's pacesetter has been a famed old speculator's favorite, Northern Pacific, which shot up because of its vast land holdings in the Northwest's Williston oil basin. Last week Texaco's Chairman W.S.S. Rodgers told his stockholders at their annual meeting that the basin is going to be a major producing area, but that the cost of development will be high because wells must be drilled deep. It will be "several years" before oil is flowing in quantity. Result: Northern Pacific tumbled nearly ten points to 74⅛, scaring the whole market into...
Optimistic View. Two days later, Socony-Vacuum's Vice President J. C. Case took a different view of the basin at Socony's annual meeting. Said he: Socony is finding good oil at depths as shallow as 3,000 ft. and will drill eight to ten wells there this year. Result: Northern Pacific shot up nearly five points, and the whole market rose. Other oilmen explained the seeming contradiction in Williston estimates: Texaco's holdings are near the center of the basin, where the oil is more than 9,000 ft. down, whereas others...
...second century of Harvard rowing starts in the Basin this afternoon, as the varsity, J.V., and freshmen eights take on M.I.T. for the mythical championship of the river...
...says, and his attitude seems to have affected the freshman crew all for the best. The first eight, which opens against M.I.T. in the Basin tomorrow, is a relaxed, smooth-working outfit...