Word: oilfields
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...OILFIELD has been discovered in Venezuela, some 500 miles east of the rich Maracaibo region. Sinclair Oil has brought in 14,211-ft. well in western Monagas state, about 50 miles in from coast...
...evening Scripps-Howard Press to compete with the Star-Telegram (combined morning-evening circ. 246,354). For $300 Carter bought a radio station (which later became the paper's profitable WBAP-TV), then branched out into the oil business. After drilling 99 dry holes, Carter struck a rich oilfield and sold part of it for $16.5 million to set up the Amon Carter Foundation, a charitable organization that has helped build many of the city's schools, universities, museums and parks...
...mother renounced all claims to the custody of her son when she divorced his father in 1920, and a trust of upwards of $300,000 was set up and later turned over to the lad). Schlesinger said that his mother had put $500,000 in a "hush-hush" Louisiana oilfield. As recounted in the indictment, he said that "Mrs. Harrison Williams had authorized him to sell a 10% interest in the Louisiana Oil Syndicate [through Glore, Forgan] to afford Glore, Forgan an opportunity to make a commission [and] solidify his position with Glore, Forgan . . ." On Dec. 23, 1953, impressed...
Beginning of the End. Then, for another $150,000. Schlesinger offered to sell half interest in an option he claimed his mother held on another Louisiana oilfield. McCulloch was more cautious this time. He told Schlesinger that he wanted Mrs. Williams' financial adviser, Paul Preger, to confirm an agreement whereby Mrs. Williams would indemnify McCulloch if the deal fell through. Schlesinger. who was vacationing in Mexico, flew to Dallas, spoke to McCulloch's confidential aide, Joseph Hegener, on the phone, pretending he was Preger, confirmed the deal and sent a wire signed "Preger...
...been lacking. With hoarded francs or those repatriated from the uncertainty of Indo-China, they furiously bought stocks, driving the market to dizzy heights. Stock-exchange volume doubled in 1954, added still another 50% this year, soared with every scrap of good news. Powered by Esso Standard's oilfield discovery at Parentis-en-Born near Bordeaux (which nearly doubled France's domestic oil production), Esso stock went up from 7,000 to 90,000 francs in less than a year. Other shares rode along, though many paid only 2% in dividends and some as little...