Word: oils
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Dates: during 1930-1939
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That the new industry of acidizing oil and gas wells for increased production proved TIME-worthy, is indeed gratifying [TIME, July 12]. Although the article differed from the major facts about as a daguerrotype does from television, your lay readers probably were interested in an industry that was merely a gleam in a chemist's eye five years ago and now grosses $5,000,000 a year. But, it must have been amusing to the oil fraternity, which is thoroughly familiar with acidizing as it is practiced today, and as portrayed in a bibliography of 114 published articles...
After the last great oil year of 1929, U. S. Steel Corp. got into the oil fields with the purchase of Oil Well Supply Co., third biggest maker of drilling equipment in the land. Consideration in the deal was 108,402 shares of U. S. Steel common stock, then worth $16,000,000. Set up as a holding company for this stock was a company named Pittsburgh United Corp., whose principal function was to transform Big Steel's dividends into dividends on Pittsburgh United's 58.212 shares of preferred, 389,963 shares of common. Unhappily for the onetime...
...suit came in at 9:30, apologized for being late. They joked about the weather, arranged chairs to get the right light. Artist Woolf squinted through his horn-rimmed glasses, went to work while the Senator first smoked, then chewed a cigar. Looking down on them was a large oil painting of the Senator's wife dressed in blue; scattered around the walls were some WPA art works...
...there was little reason for him to admit a general defeat. "Little Steel" was only one sector of the steel front; he still had the majority of the industry in his pocket. Moreover, steel is only one of C.I.O.'s many fronts. In other mass-production industries like oil, glass, rubber, motor, mining, there have been no serious setbacks. C.I.O.'s Transport Workers Union has been sweeping the field among Manhattan's taxi-drivers and subway and bus employes. Its office workers are invading Wall Street. Here & there C.I.O. has lost minor collective bargaining elections...
...Chalked up by Standard Oil Co. of Indiana last week was a showy legal victory over Standard Oil of New Jersey, ending a "battle of brands" which began in 1935 after both companies had been consist- ently offside in each other's home territory. Federal Judge George H. Moore in St. Louis decided that the name "Esso" used by S.O.N.J.'s subsidiary had infringed on Standard of Indiana's trademark, "S.O.," granted an injunction prohibiting the New Jersey company from using in 14 Midwestern States any trademark derived from the words "Standard Oil." C. WThile automobile...