Word: corpe
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Dates: during 1950-1959
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...allowable another 120,203 bbl. and scheduled only eight days' production (2,444,571 bbl. daily) for the entire month, the lowest level in history. Although gasoline stocks topped those of 1957, heavy crude oil and heating-oil stocks were coming down to size. Last week Gulf Oil Corp., Phillips Petroleum Co., Texas Co., Tidewater Oil Co. and Shell Oil Co. all reported record sales-and often record profitssfor 1957. Almost without exception they expected a good year in 1958. Said Cities Service President Burl S. Watson: "We have our problems, but every company is forecasting still...
...immediate delivery, a sure sign that "inventory reductions are nearing the point where we should feel the impact of an upturn by not later than midyear." As for steel, which so far has borne much of the brunt of the recession. President Avery C. Adams, of Jones & Laughlin Steel Corp., No. 4 in the industry, announced that J. & L.'s orders climbed slightly during the first twelve days of March, though nothing to get excited about yet. Nevertheless, Adams expected to make good his boast of turning a profit at 50% of capacity. Said he: "We were...
Short-Order Pasture. A farm machine that uses the hydroponic method of growth (in a chemical solution without soil) was put on the market by Buckeye Corp., maker of chicken incubators. Housed in a 120-sq-ft aluminum building, it can match 15 to 25 acres of cattle pasturage by growing 45 tons of fresh grass a year at about $13 a ton. Lit by fluorescent lamps, it works night and day. Price...
Said Board Chairman Paul L. Davies of San Francisco's $300 million-a-year Food Machinery & Chemical Corp., who expects a rise in volume but a dip in profits in 1958: "My feeling is that recession within bounds is healthy. We have been in a boom economy since 1946. The pause will make us more efficient and competitive after setting new records for capital expansion. We need a breather for the economy to catch up with us. It will be healthy if it runs a year...
...president, the " U.S. Chamber of Commerce last week elected St. Louis Banker William A. McDonnell, 63, chairman of the city's First National Bank and director of McDonnell Aircraft Corp., of which his brother James S. McDonnell Jr. is president. An Arkansas cotton merchant's son, who peddled papers as a child "because I wanted to stand on my own two feet"-and now keeps them both conservatively on the ground-Banker McDonnell graduated (summa cum laude) from Vanderbilt University in 1917, worked up through Little Rock banks before moving to St. Louis in 1944, where he became...