Word: co
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Dates: during 1950-1959
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...rides to school. From Groton and Yale he crossed the Atlantic to study history and literature at Oxford (a point which should help him in Whitehall). From his first job as a $16-a-week Wall Street buzzer boy, he rose to head the highly profitable J. H. Whitney & Co. (investments). Even as he was getting into the social news with his stable of racers and steeplechasers, his polo playing, his first marriage to Mary Elizabeth ("Liz") Altemus, and his second to Betsey Gushing Roosevelt, he was combining business and the arts by backing some 30 Broadway plays, e.g., Life...
Many a costly hope was placed in Central America, spurred by Union Oil Co.'s discovery in Costa Rica last September of the first oil ever found in quantity between Mexico and the South American mainland. That well quickly flooded with salt water, but Union will drill two more, and Costa Rica is enacting a liberal oil code. Because the Costa Rican discovery was right on the border of Panama, which already had an inviting oil law, six U.S. firms hurried there. All of Panama has been let out on exploratory concessions, and three test wells drilled...
...wildcatter was also abundantly seen in the West Indies. Cuba, which spudded in its first oil well in 1954 and is now a small producer, brought up enough oil this year to supply its own needs for about two weeks. Cuba's biggest investor, Standard Oil Co. (Indiana), was also drilling two exploratory wells in Jamaica, where its wildcatting rights cover the whole island. In Haiti, Oilman Mecom and an associate drilled three dry holes, but plan to try again...
...southern sweep of the big semicircle centered on Maracaibo, Peru was redoubling an oil search in its eastern jungles; Texas Petroleum Co. last week reached the 10,700-ft. level in its third test well on the Marañón River. Peru put particularly heavy hopes on the prospects in the trans-Andean jungle. Only last month the government sadly announced that not a drop of oil had been found in four years of drilling the once-promising Sechura Desert on the Pacific Coast. Though still a producer (from the waning field at Talara), Peru will have to import...
...their final issues reached the newsstands last week, Collier's and the Woman's Home Companion folded with a bang that echoed clear to Washington. The Securities and Exchange Commission announced that it was investigating the financial operations of the Crowell-Collier Publishing Co., ordered one of its rare public inquiries to determine whether the company had made "false and misleading reports" in connection with $4,600,000 worth of debentures it had issued in 1955 and 1956. The investigation also covers the activities of the Manhattan brokerage house of Elliott & Co., which handled the securities sale...