Word: derricked
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...unprofitable New York Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation may be the only solution. Along with its losses on operations last year, Merritt-Chapman also added a $3,233,000 "special charge" to the books as a provision against losses if other properties have to be sold...
...Francis Cardinal Spellman, 76, felt tired as well. "I don't know if I can keep going on much longer," he said at a Catholic charities communion breakfast. But then he laughed: "I will keep going as long as I can, even if I need a derrick...
...Occidental plans to drill 29 wells on its 513-acre Pico property, and with each new start, not only derrick and drilling rig will be moved, but so will the shell that looks like a skyscraper. At dedication ceremonies last week, Los Angeles Mayor Sam Yorty presented a commendatory scroll to Occidental's chairman and president, Armand Hammer, who proclaimed: "The largest pool of oil in the world lies under Los Angeles. We believe that the Los Angeles fields can be developed to the profit of the city and its people. The problem is one of doing it without...
...pretentious, and the public couldn't have cared less. So Flaherty waited twelve years to make his next important picture. In 1946 Standard Oil picked up the tab for Louisiana Story, a mellow and charming parable of the encounter between nature and technology, the crocodile and the oil derrick. In 1951, at the age of 67, Flaherty died of a cerebral thrombosis...
...taking on the aspects of a museum. We rode past the abandoned launching pad from which Alan Shepard had been fired down the Atlantic. The gantry from which he was launched was near the site, hugging a Redstone rocket like Shepard's. The gantry was a converted oil derrick, bought hastily after Sputnik (the night before Kurt H. Debus, director of NASA's John F. Kennedy Space Center, had described details of Shepard's launch: "We had a man in a block-house watching the color of the flame, about 150 feet away. If it looked too bluish, or whatever...