Word: coeds
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Dates: during 1950-1959
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...short, rumpled, publicity-shy Texan who has quietly piled up a fortune of $100 million by sniffing out oil on land that no one else wanted. This week he was preparing to pile up another fortune, based this time on his nose for natural gas. His Associated Oil & Gas Co. announced that it has proved up perhaps the largest untapped gas field in gas-rich South Texas. Estimated reserves: a trillion cubic feet. But that was only Harry Mosser's opening card; he also announced a contract to sell 800 billion cu. ft. of gas to Coastal States...
...financial aide's advice, Rockefeller put up $500,000. After a tough decade, Reaction grew strong enough to merge with Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise of all was in Itek. Two years ago Rockefeller, a camera bug, invested $279,000 in Itek Corp., which had plans for computer-like...
...about $3 per bbl.) and not to advertise. But cheaper oil flooded in from neighboring nations and Iron Curtain lands. Small, noncartel companies cut oil prices as low as $15 per ton, tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share of the market had dropped from 35% to 25%, stomped out of the cartel rig; out followed Shell, Mobil Oil, British Petroleum...
...that it was abandoning plans to produce high-energy boron aircraft fuels at Olin Mathieson Corp.'s two-city-block, $45 million plant near Niagara Falls, which was scheduled to deliver its first batch of exotic fuel this month. It also canceled a contract with the General Electric Co. for producing the J-93-5 engine to power North American Aviation's "chemical" B70 bomber with a combination of exotic and conventional fuels. Next day the Navy announced that it was dropping all work in exotic fuels, including the $35 million Gallery Chemical Co. plant at Muskogee, Okla...
...Electric Floor Washer. A lightweight electric floor washer that wet-scrubs floors and vacuum-dries them will be put on sale next month by the Hoover Co., North Canton, Ohio. Its motor creates a suction to pick up dirty water after the floor is scrubbed by nylon brushes. Price...