Word: freeport
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...nation's most ambitious project for converting salt water into fresh water was dedicated last week at Freeport, Texas. From the Gulf of Mexico more than 1,000,000 gallons of sea water will be pumped daily to a $1,246,000 plant being built by the Chicago Bridge & Iron Co. Plant's purpose: to produce potable water by a distillation process for $1 or less per 1 ,000 gallons, the lowest cost anywhere in the world...
Some chemical companies (Monsanto, Vick Chemical, Freeport Sulphur) also reported moderately lower earnings for the quarter as a result of the steel strike, but all ended 1959 well ahead of 1958. Almost all railroads, whose generally sad financial plight was worsened by the steel strike's effect on business, saw fourth quarter earnings fall. But there were signs that the slump in oil may be over. Standard Oil Co. (N.J.) lifted its profit 11% for the year, made a slight gain in the fourth quarter; fourth-quarter gains were also chalked up by Phillips Petroleum and Standard...
...decrees setting up the military courts, suspending habeas corpus, ending the right of prisoners to appeal on grounds of unconstitutionality. The Cabinet slapped a 25% export tax on minerals, living up to Castro's boast at the rally that his mining law would "hurt the vested interests," e.g., Freeport Sulphur's Moa Bay nickel and cobalt mines. Mining companies, still studying the law, said that it was "pretty rough" and might wipe out profits completely. Three days later, Castro seized oil-company records of land leases in Cuba, pending issuance of a new petroleum code...
...Andover, Mass. 74 *Horschman, Lowell '60 21 6:1 219 Nixon, N. J. 73 Kola, Arthur '61 20 6:2 192 New Brunswick, N. J. 72 Hofmann, Richard '60 19 6:2 206 Jenkintown, Pa. 71 Erwin, Peter '60 21 6:1 207 Freeport, L. I. 70 Mooney, Michael '61 21 6:2 212 Milwaukee, Wisc. GUARDS 69 Philip, William '62 18 6:0 212 Brooklyn, N. Y. 68 Gerfen, Henry '61 20 5:10 190 Des Plaines, Ill. 66 Couturier, Richard '62 20 6:0 207 Toledo, O. 65 *Graham, James '60 21 6:3 202 Battle Creek, Mich...
Chemicals 1958 1959 Du Pont $3.08 $4.61 Wyandotte .14 1.22 Freeport Sulphur .79 .91 Union Carbide 1.66 3.00 Olin Mathieson .74 1.32 Thiokol .22 .65 Rails 1958 1959 Pennsylvania Railroad loss $ .48 New York Central Railroad loss 1.56 Miscellaneous RCA $ .86 1.29 B.F. Goodrich 1.60 2.18 Kennecott Copper 2.07 4.32 Libbey-Owens-Ford .57 3.16 Pepsi-Cola .85 .97 American Machine & Foundry 1.38 2.27 Texaco 2.37 2.79 National Distillers .88 1.05 National Cash Register .96 1.07 Phillips Petroleum...