Word: hunts
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Dates: during 1950-1959
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...greatest treasure hunt in U.S. history is in full cry. Above the green of North Dakota wheatfields rise the spidery towers of oil-drilling rigs. On the plains of Utah, shirt-sleeved crews set off dynamite blasts and, from the vibrations, map the subterranean oil-bearing strata. Over Alabama cottonfields fly planes with strange; antenna-like tails, which pick up magnetic waves and thus record geological formations below. In West Texas, wildcatters, trucks loaded with tools, inch across the prairies like gypsy caravans...
...turning up oil where it has never been found before, the hunt is transforming whole regions. Denver, center of the furious drilling activity in the new Denver-Julesburg oilfields (see map), is already talking cockily of eclipsing Houston as the oil capital of the world. In Montana and North Dakota, whose saucerlike Williston Basin contains immense oil treasures, the Big Sky country's cattle and wheat economy is getting ready for a tremendous upsurge of industry. Men in the area foresee pipelines, refineries and plants turning out "petrochemicals" (TIME, May 12), oil's new frontier...
...great oil boom has also churned up a parallel treasure hunt in the nation's securities markets. For investors, oil's lure is threefold: 1) as wealth in the ground, where its value is likely to keep abreast of inflation, 2) as the raw material of the new petrochemical industry, and 3) as the beneficiary of a "depletion allowance" which permits 27½% of income from producing wells to be plowed back before taxes are computed, thus giving oilmen a tax edge over most other industries. As a result, in two years the stocks of some...
Actress Ball was a long time arriving at the calm waters of motherhood and housewifery. The daughter of Henry and Desirée Hunt Ball, she was born in Jamestown, N.Y. (near Buffalo) at what she calls "an early age." Pressed, she will concede that it was quite a while ago: she admits to being 40. Her father was an electrician whose job of stringing telephone wires carried him around the country. When Lucille was four, he died of typhoid in Wyandotte, Mich...
...moderns. It has had a friendly eye for such conservatives as Eakins and Andrew Wyeth, has spent much of recent purchase budgets (currently more than $50,000 a year) to build up its stock of the Renaissance and baroque schools. This year's latest acquisition is The Tiger Hunt by Rubens (1577-1640). And the most popular painting in the whole collection is still a crisply clear, 18th-century portrait of Mrs. Seymour Fort by John Singleton Copley (TIME...