Word: oiling
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Dates: during 1920-1929
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Petroleum Corp. Outstanding among recent Investment Trusts is Petroleum Corp. of America, the long-rumored oil securities company last week formally announced by Blair & Co. Petroleum Corp. offered 3,250,000 shares at $34, a total capitalization of $110,500,000. Prominent among its executives are Director Arthur W. Cutten and Board Chairman Elisha Walker, first partner of Blair & Co. (TIME, Dec. 10). Other famed directors are Halstead G. Freeman, president of Chase Securities, Charles Hayden, of Hayden, Stone & Co., E. F. Hutton, chairman of Postum Co., Inc. President is John H. Markham, Jr., head of the Exchange Bank...
...formed to operate exclusively in automobile securities. Upon this automotive rumor was built an even grander story of a billion-dollar trust, backed by Mr. Cutten and his associates, and entering many key industries with a specialized investment trust for each. Thus, Petroleum Corp. would be the oil section and the proposed motor trust the automobile section of a "circular" trust in many fields and on gigantic scales...
Sugarmen wondered on what Rudolph Spreckels had built his faith. Like oil, the sugar industry suffers from overproduction. Consumption of sugar has declined steadily, due .to diet regulation, to increased smoking by men, women, children. Federal Sugar Refining Co. is no exception. Its last earnings report (1924) showed a deficit...
Nine rounds having been fought (TIME, Jan. 28), the fight to a finish between John Davison Rockefeller Jr. and Col. Robert Wright Stewart, minority stockholder and big board-chairman, respectively, of Standard Oil Co. of Indiana, continued last week as follows...
...officers or directors do they know a person in the entire organization. The present prosperity of this company has not just happened; it is the result of earnest, loyal work and toil from the board of directors to office boys." Increasingly, during the last two years, have Standard Oil of Indiana and Standard Oil of New Jersey become competitors, invaded each other's territory both in the U. S. and abroad. The New Jersey company is a Rockefeller stronghold. Hence, the result of the Rockefeller-Stewart fight in the Indiana Company may be of far more than...