Word: gulf
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Dates: during 1960-1969
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...York Stock Exchange. With investors excited by the possibilities of war in Viet Nam and shortages of war-essential copper at home, Calumet & Hecla two weeks ago touched off a run by announcing a 35 million-ton copper ore find in upper Michigan. Remembering quick profits generated by Texas Gulf Sulphur's Ontario copper strike two years ago, stock buyers put in so many orders for Calumet & Hecla that trading was suspended for six days, a record lapse on the Big Board. When trading resumed, 160,400 shares-or 7½% of all Calumet & Hecla stock-changed hands...
Meantime, Yemen's Royalist forces are just as determined. They recruit retired officers from France, Belgium, Britain, Pakistan, Iran and Jordan, receive arms and financial help from Saudi Arabia, Britain and Iran. Even the tiny Persian Gulf sheikdoms are unstinting. Recently, a Royalist Yemen emissary visited Sheik Shakhbut, ruler of Abu Dhabi on the Persian Gulf, and asked for a contribution of 5,000 pounds sterling. He walked away with ?100,000. "You are all astonished?" the sheik shrugged to his advisers. "Do you know how many cases of ammunition ?100,000 will buy, and how long they...
...they sold out to seemed likely to stage an even bigger drama of his own. At 39, Vienna-born Charles G. Bluhdorn is already a millionaire (TIME cover, Dec. 3), has swiftly built his Gulf & Western Industries into a $300 million collection of auto-parts companies. Last week G. & W. moved to add another by a merger with Universal American, which does a $150 million business in tools, auto parts and machinery. Bluhdorn makes no secret of his urge to make Gulf & Western even bigger. As he handed Siegel and Martin a certified check for their $11.8 million, he observed...
...wily South African entrepreneur named Rudolf Raphaely, who was attempting to run 400,000 tons of crude oil from the Persian Gulf to Rhodesia's main oil terminal-the Portuguese Mozambique port of Beira, which is connected with landlocked Rhodesia by a 187-mile pipeline. For weeks British warships had discouraged tankers from putting into Beira. Undaunted, one of Raphaely's ships, flying a Greek flag, quietly loaded 18,000 tons of crude in the Iranian port of Bandar Mashur and steamed around the northern coast of Africa to Dakar, where it changed its name to Ioanna...
Roaring in unexpectedly from the Gulf of Mexico, a swirl of tornadoes cut across central Florida last week, killing ten persons, injuring 300 and causing $30 million worth of damage. Weather Bureau meteorologists were as surprised as the victims. They had predicted storms confidently enough, but their maps showed no sign of the ominous low pressure areas that usually accompany tornadoes. An official warning was not issued until half an hour after the first twister hit the Tampa-St. Petersburg area, a delay that was a devastating reminder of how little is known about the monstrous forces that produce...