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...touched off by the flood of oil produced in excess of state quotas. By last week the only apparent check to price-slashing was a clause in the Oil Code limiting cuts to no more than one every 24 hours. Retail prices were off from 2? to 9? per gal...

Author: /time Magazine | Title: Business & Finance: Annihilation | 10/29/1934 | See Source »

...mining town of 1848 he was the first to sell water to citizens who lacked a nearby spring or well. He barreled his water in Sausalito, barged it across the Golden Gate, packed it on burros to peddle through muddy streets for as much as $1.50 per gal. "Caramba!" would cry astonished Juan Miguel Aguirre if he could return to San Francisco next week to see one of the world's great water systems begin pouring into the metropolis a colossal stream from a far-away mountain. Canyon. Across the State from San Francisco, in what is now Yosemite...

Author: /time Magazine | Title: CONSERVATION: Mountains to Metropolis | 10/22/1934 | See Source »

...From the Southwest, where some independents swore they would give it away if buyers would pay the taxes, the price-cutting spread to the great Midwest area. There the majors and the independent distributors cut back at each other three times. In Springfield, Mass. the cut was 4? per gal. In New York City it came down ½?. Standard of New Jersey slashed off 4.4? in some of its territories between the Hudson River and the Potomac. And wherever the price-cutting started each & every company in that area was helplessly drawn...

Author: /time Magazine | Title: Business & Finance: Fizzling Oil | 10/22/1934 | See Source »

...already obsolete, that the Diesel engine was the locomotive of the future. On that score, too, Mr. Sinclair had a ready answer: "What's the difference whether you drink Scotch or bourbon"?a reference to the fact that U. S. railroads already burn some 2,000,000,000 gal. of fuel oil per year...

Author: /time Magazine | Title: Business & Finance: Sinclair to Deterding | 9/10/1934 | See Source »

...named Kaplan, onetime draftsman for Western Electric Co., had gone down to Santo Domingo where he started a company to export raw molasses to the U. S. to make industrial alcohol. He lost his first barge in a storm, but by 1919 he was handling nearly 100,000,000 gal. of molasses. That year he summoned Step-Brother Maurice Levin into the company and the next year they sold their Sugar Products Corp. to U. S. Food Products, forerunner of National Distillers, for $2,500,000. Mr. Kaplan stepped out of the business, but Mr. Levin sank his profits into...

Author: /time Magazine | Title: Business & Finance: Profitless Hearn | 9/3/1934 | See Source »

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