Word: gulf
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Dates: during 1950-1959
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Potent Arm. Mayor Lawrence appeared on the municipal scene just when Financier Richard K. Mellon (Mellon National Bank, Gulf Oil, Alcoa) and a platoon of lesser tycoons were preparing to rip their dowdy old city apart and rebuild it. Lawrence proved to be a valuable political ally. He ordered strict enforcement of smoke-control ordinances, pressured Democrats at Harrisburg and Washington to pass laws and approve appropriations that helped build new roads, bridges and dams. His reward: the business community's gratitude. Four years ago Lawrence's Republican opponent was not even invited to participate in the face...
GASOLINE PRICE CUTS are in the wind. With the winter season of reduced driving coming on, gasoline stocks are pushing 180 million bbl. v. 173 million bbl. this time last year, and refineries have already shaved ¼? off the price of gas at Gulf ports...
NEVER in the history of man has so vast a gulf divided the haves and havenots. The free world's industrial nations, with only one-third of the population and a quarter of its land area, produce 86% of its manufactured goods. On the other side of the chasm are the restless two-thirds of mankind who occupy 75% of the free world, produce less than 15% of its goods...
...bottom. In Texas, which supplies 42% of all U.S. oil, October output was limited to twelve days, lowest allowable since 1939. Louisiana wells are producing at history's lowest rate, while Oklahoma is so pressed that it went to court last week with a $500 million suit against Gulf Oil Corp., charging that the company cut its purchases of Oklahoma crude to 80% of allowables without asking for necessary "exemptions" from its buying agreements...
Died. Eugene Adams Yates, 76, harassed veteran of the politically explosive Dixon-Yates power contract, chairman of the Southern Co., vice president and director of the Alabama, Georgia, Gulf and Mississippi Power Companies; of a heart attack; in Manhattan. When the Atomic Energy Commission contracted with Middle South Utilities head Edgar Dixon and Yates to build a plant near Memphis to supply the AEC with power, the deal was bitterly attacked by public power proponents as a scheme to undercut TVA, became a major 1956 campaign issue...