Word: jersey
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Dates: during 1950-1959
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...fact, Britain will get a lavish return for its lost oil investment. The real compensation to Anglo-Iranian will be borne by the other seven oil firms joining the consortium. For the privilege of a share in exploitation of Iranian oil, the seven (including America's Jersey Standard, Gulf, Texas, Socony Vacuum and Standard of California) will pay Anglo-Iranian about $600 million. In addition to this compensation, Anglo-Iranian, with a 40% interest in the new consortium, will still be the dominant oil operator in Iran. So Anglo-Iranian has cause to be reasonably content...
SENATOR H. ALEXANDER SMITH, 74, a New Jersey Republican lawyer who studied under Woodrow Wilson at Princeton, worked for Herbert Hoover's post-World War I relief teams, and rates as one of the Senate's best-informed authorities on Far Eastern policy...
...international consortium of eight of the world's biggest oil companies to operate the industry for 25 years, using Iranian technicians as much as possible. Biggest partner: Anglo-Iranian, with 40%. Five U.S. companies (Jersey Standard, Gulf, Texas, Socony Vacuum, Standard of California) will share another 40%, and Royal Dutch Shell and a French company the rest...
...Southampton, N.Y., New Jersey's Eddie Moylan eased past America's top-ranking player, Tony Trabert, in the semifinals of the Meadow Club tournament, went on to beat Davis Cup Captain Billy Talbert in the finals...
Sales & Profits. Despite oil production cutbacks, major petroleum companies were still able to report higher profits. For the first six months, the Texas Co. showed a record net of $97 million, Jersey Standard reported earnings up to $4.84 a share from $4.42 a year ago, and Phillips Petroleum's sales and earnings were ahead of 1953. In the fast-stepping electrical and electronics industries, Westinghouse Electric's second-quarter net was up 2% to a record $19 million, and Radio Corp. of America reported new record earnings...