Word: gulf
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Dates: during 1960-1969
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...were arranged to provide a berth so that the First Lady could rest. In Greece Jackie took it easy, her privacy assured by 80 Greek policemen and coast guardsmen who patrolled the land and water approaches to the villa of wealthy Greek Shipper Markos No-mikos overlooking the Saronic Gulf near Athens. During her 1961 visit, Jackie had used the same villa...
Egan. Texas shrimpers have to deal with Mexican gunboats that wait to pounce on them over western Gulf of Mexico shrimp beds; and San Diego tuna men are still bitter about last spring's capture of two of their boats by Ecuador, which assessed $26,000 in fines...
...combination, but this year half a dozen U.S. oil companies have linked with fertilizer manufacturers, or started to do so. Among the major deals: Kerr-McGee merged with Baugh Chemical, Cities Service picked up Tennessee Corp., Socony Mobil has bid for Virginia-Carolina Chemical. Last week Pittsburgh's Gulf Oil, whose sales of $2.8 billion in 1963 made it the nation's eighth largest company, announced one of the biggest deals...
...about $150 million, Gulf intends to acquire Kansas City's young and spunky Spencer Chemical Co., which last year earned $6,500,000 on sales of $106 million. Gulf, whose cashbox is bulging from oil gushers in Kuwait, was moved by the same considerations that drew its competitors to fertilizer companies. Ammonia from crude oil is a key ingredient in fertilizers, and Spencer has been buying a lot of it from Gulf. U.S. fertilizer sales have been growing 10% a year, as farmers pour on more of it to coax higher output from their Government-limited acreage allotments. Meanwhile...
...Gulf Chairman William K. Whiteford, 62, a rugged, casual oilman who started out as an Oklahoma roustabout, Spencer seemed ideally suited to become a Gulf subsidiary. Spencer's President John C. Denton, 44, was just as eager to accept Gulf's offer. He felt a need for more expansion capital to meet sharpening competition, especially in the plastic lines Spencer also makes. Spencer received several other suitors before settling on Gulf. Mrs. Helen Spencer, the largest shareholder, with 14% of the 3,000,000 outstanding shares, particularly liked what she felt was Gulf's "empathy" toward...