Word: bbl
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Dates: during 1930-1939
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Wheat & Corn reacted a few cents last week but grain surpluses are small. Flour was cut as much as $1.38 per bbl. Some bakers cut the price of bread 1? per loaf. In addition to having fewer taxes to absorb, biscuit bakers and packaged food concerns will probably gain from bigger volume at lower prices. Last year their attempts to pass the tax on to the consumers made many customers so mad that they organized "buyers' strikes." Starting as a protest against the high price of meat, these strikes were ultimately directed against nearly all high-priced groceries. Last...
Last week Governor Marland, now 61 and a bit dumpy, buttoned on his overcoat, went out his front door, trudged across the street to see British American Oil Co.'s No. 1 Piersol well. There they were taking oil at the rate of 500 bbl. an hour out of sand 6,000 ft. under the Executive Mansion. Even politics had at last placed Ernest Whitworth Marland on top of an oil dome...
Since beer is a cheap, bulky commodity, most breweries depend on a local market. Pfeiffer, which works at top speed to brew 400,000 bbl. a year, is more typical of the industry than Anheuser-Busch, Pabst or Schlitz. Pfeiffer's president is William George Breitmeyer, nephew of the German brewmaster who founded the company. Shy and laconic at his desk but jovial away from it, Brewer Breitmeyer has a simple explanation for his own success: "I have only one hobby. I collect friends." An aid in this hobby is his stock of old German drinking songs, inherited from...
...than anybody had had the courage to go before. Later the company discovered and developed the High Island Field in Galveston County. Today Yount-Lee is the biggest independent oil producer in the South, with 283,000 acres of oil lands and leases and 250 wells producing 20,000 bbl. a day under proration. All of the original backers are still in the company except Founder Yount who died in 1933 leaving his Yount-Lee stock to his widow...
...small independent oil company producing less than 4,000,000 bbl. a year is Simms Petroleum Co. of Texas. In 1929 it was making a tidy profit of $2,300,000. In 1931 it lost $2,651,000. Last October the company withdrew from the retail gasoline business, sold its service stations. Marketing activities practically ceased, two refineries were shut down. Last week Simms Petroleum sought permission from its stockholders to sell its chief subsidiary and biggest asset, Simms Oil Co., owner of most of the parent concern's oil properties, to Tide Water...