Word: co
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Dates: during 1950-1959
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PRICE RISE will help pay for $115 million expansion by Canada's International Nickel Co., world's biggest nickel producer. Company is boosting prices 9½? a lb., by 1960 will increase annual capacity by 50% to 385 million Ibs. Inco is opening two big new mines in Mystery-Moak Lakes area of northern Manitoba, building concentrator, smelter, refinery, and city for 8,000 on site...
...TRANSIT SYSTEM, successor to Capital Transit Co., Washington's long-limping bus and streetcar system, is finally getting on the track under new management after being milked of millions by Financier Louis Wolfson (TIME, June 25). Company changed net loss of $4,836 in September to $92,986 profit in October, now is enjoying first big passenger upswing since...
...BOMARC MISSILE is set to go into large-scale production in spring. Planning final assembly plant for Air Force's long-range, ramjet, supersonic missile, Boeing has option on $22 million Ford Motor Co. plant at Richmond, Calif., is ready to spend $20 million to $25 million converting it, if zoning problems can be settled. Boeing also has option on large site around nearby Parks Air Force Base, may concentrate its missile output in San Francisco Bay area...
...Geologist John A. Jackson last week as the biggest uncommitted natural-gas field in the U.S. was opened up by the Federal Power Commission. FPC approved the sale of 105 million cu. ft. of gas daily in the Wise County area of northern Texas to the Natural Gas Pipeline Co. of America, one of the biggest U.S. gas distributors. To get the gas from Wise County to its own main line Fritch, Texas, Natural Gas will spend $32.1 million to build a 350-mile pipeline...
...bookie hired Christie, Mitchell and Mitchell, Houston oil operators, to check on the deal. They liked it so much that they bought out the bookie, capitalized the operation for $10 million, put up mostly by C.M. & M., Waterford Oil Co., Riddell Petroleum Corp. and Houston C Financier Bob Smith (TIME, May 2 1954), guaranteed Jackson and Miles 5% of the new venture's gross. In two years Jackson and Miles leased 285,000 acres in the Wise County area, brought in 110 gas wells and 57 oil wells. They had a spectacular average of ten productive wells for every...