Word: oiling
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Dates: during 1920-1929
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...Swift & Co. in Chicago, then for Quaker Oats. After a few years he set up as a broker (Morrow & Co.) in the New York Produce and Sugar Exchanges. He took a hand in Gold Dust Corp. of which he is now chairman. He was invited to reorganize American Cotton Oil Co. and did so with such effect that in about five years the value of the company's stock was multi plied 15 times. That was only the begin ning of a career of reorganizations and purchases. Today George K. Morrow. 55, keen-eyed, grey, sturdy, has a home...
...recent years when an oil man has a nightmare, he sees a sea of petroleum. vaster than the Pacific, with dark green oleaginous billows rolling before a wind that moans "Overproduction, overproduction." Yet last week when 2,941,550 barrels of oil swelled up each day from the bowels of the U. S., a greater secretion than ever at any one time before, there was comparatively little disturbance to the peaceful slumbers of the men of oil...
Among the deepest of the sleepers last week, was the chairman of a great oil company who slept the sleep of the just, weary from his pharmaceutical labors in the dispensary of the Federal jail in Washington, D. C. Not only the cloistered seclusion of prison walls but trust in his company's progress protected his rest. For, while Harry F. Sinclair slept and while he worked, plans were going forward for enlarging his company's outlets...
Sinclair Consolidated Oil Co., through a $50,000,000 subsidiary (Sinclair Auto Supply Co.) announced plans for the creation of a chain of monster service stations, to sell oil and gasoline in conjunction with everything else a motorist desires. From Davenport, Iowa, to Buffalo these stations will be scattered, each costing $100,000, $250,000 or even more. One of the first, in Cleveland, will cost $300,000 and extend through an entire block...
...Sinclair plan is but a symptom of a major movement in the industry: to sell more oil, more cheaply. Master service stations of various types are already erected or projected by Standard Oil of Ohio, Beacon Oil Co., Pierce Petroleum Co., even by Firestone Tire Co. (TIME, Aug. 19). Shell Union Oil Co. recently obtained $40,000,000 by new financing to enlarge its service station outlets...