Word: oils
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Dates: during 1930-1939
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...Divo was in Panama City during the month of September 1936 and at that time arrangements were made for his continued use of Essolube Motor Oil for the Northern lap of his trip from Buenos Aires to New York. From this point contact was made with our representatives in San Jose, Managua, Tegucigalpa, San Salvador and Guatemala City requesting that the proper courtesies be extended upon his arrival. The Huasteca Petroleum Co. of Mexico was also notified with the request that they in turn contact associate companies across the U. S. border. We, therefore, were most interested in reading...
Birthday. Ida Minerva Tarbell, last of the original "muckrakers," who made her name by her book, History of the Standard Oil Co. (1904); her 80th; in Manhattan. Last week Miss Tarbell, who has three books in progress, said, "I can't stop. I don't come under Social Security...
Abbott believes it is the largest U. S. maker of barbiturates, ephedrine products and arsenicals, also sells Haliver Oil, Metaphen, Chlorazene, Butyn" Estrone, some 1,200 other drugs grouped under such categories as vitamins, burn preparations, antiseptics, local anesthetics, hormones, pollens. Drs. Abbott & Burdick died years ago. President of Abbott Laboratories now is S. DeWitt Clough, who joined the company 33 years ago as sales manager, is still partial to high-pressure sales-technique. Also partial to good employe relations, he is generally popular with Abbott's 1,639 workers. They are about half as numerous as the rats...
...September, Edward B. Smith & Co. and other investment houses underwrote an issue of 442,443 shares of Pure Oil Co. 5% preferred stock convertible into Pure Oil common at $22.22 per share. But the coincidence of the market smash with the slow period of gestation which the Securities & Exchange Commission requires before permitting new stock issues threw the conversion plan askew. When the offering was finally made, Pure Oil common had fallen to $17 per share. As a result stockholders who had first rights to the stock took only 8,040 shares. The underwriters then took over the balance, impounded...
...White Sulphur, meanwhile, in the cool halls of the rambling Greenbrier Hotel, 565 I.B.A. members began many a ponderous investigation into the fundamental causes for such fiascos as the Pure Oil issuance. Since 1929, when new capital issues reached a staggering $8,639,000,000, investment banking has been but a shadow of its former self, refusing to revive along with business recovery. Only refunding has been on the rise. In 1929 refunding amounted to $1,387,000,000. Last year new financing was a paltry $1,190,000,000 and refunding was all of $3,300,000,000. Behind...