Word: gulf
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Dates: during 1930-1939
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While many refining companies took the stand of the Messrs. France and Holmes, others, including Standard of California and Associated Oil, agreed to cut refinery runs. The Mellon-controlled Gulf Refining Co. asserted that their gasoline reserves were low, that there was no need for them to cut distillation. In the same vein, Edward G. Seubert of Standard Oil of Indiana said: "We believe the appeal has merit. . . . We are running only sufficient crude to produce gasoline to take care of our current requirements...
...fling at sophisticated effect through references to Dreiser and Joyce, this little study in the characters of two women profits through its sound humanity. There are no artful devices to contrast the lives of the aristocratic young lady and the second maid, and no attempts to sentimentalize the gulf that lies between them. They are, patently, what they are. And in addition Mr. Upham suggests the terrible ennui that lies upon the sophisticates, reading interminably to reach life through the book, while the less fortunate serfdom is possessing it on "Thursday evenings out." I recommend this excellent bit above...
...drive for a tariff of $1 per bbl. on crude oil were these economic facts: last year the U. S. produced about a billion barrels of oil. Its net imports, free-listed, were about 53,000,000 bbl. Largest importers are Standard of New Jersey, Standard of New York, Gulf, Royal Dutch Shell. When, as a conservation measure, President Hoover tried to induce U. S. oil producers to limit their output, the American Independent Petroleum Association balked. These independent producers argued that it would be futile to limit U. S. oil output so long as the four big importing companies...
...Gulf States Steel. The by-laws of Gulf States Steel Co. require a majority vote by stockholders before the company can be sold. Last week stockholders were asked to give their proxies for an amendment that would change "majority" to "two-thirds." Said the official announcement: "A situation might arise where a sale . . . might be voted by the holders of 51% of the stock which might not be for the best interests of the remaining...
Stockholders and steelmen knew this was no remote, hypothetical situation, but that Cyrus Eaton's Republic Steel is angling for Gulf, can probably muster at least 40% of the voting power. Meanwhile, U. S. Steel, foreseeing new competition in this territory, last fortnight announced it will spend "millions" on its subsidiary, Tennessee Coal, Iron...