Word: oils
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Dates: during 1930-1939
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...Italo-Ethiopian War still has the benefit of a large, roving x quantity in bluff, pushing Francis William Rickett, the British promoter who wangled a huge concession from Haile Selassie for Standard Vacuum Oil and then, to an international chorus of "Shame! Shame!" was paid off and repudiated by the U. S. concern (TIME, Sept. 9 et seq.). Dressy Mr. Rickett's importance survived last autumn's misadventure because his safe continued to be the repository for the concession for the subsoil rights to precisely the two-thirds of Ethiopia that Benito Mussolini wants. The contract gives Rickett...
...demanded $5,000,000 for his share. . . . Rickett, it is claimed here, then made a provisional deal under which he is to get 20,000,000 lire ($1,600,000), partly in stock, if he delivers to Italy this $50,000,000 concession with its virtually unlimited scope of oil, minerals and other exploitation rights for 75 years. . . . The message Rickett claimed to have sent II Duce read...
...Standard Oil...
...Oils- Texas Corp., biggest of the so-called "independent" U. S. oil companies, last week reported 1935 sales of $295,000,000, a 10% increase over the previous year. But Texaco's profits more than tripled, increasing from $5,545,000 in 1934 to $17,065,000 in 1935. Higher prices, fewer gasoline wars, tighter control over production and record oil consumption helped Texaco as well as the rest of the industry. Shell Union Oil, U. S. affiliate of Sir Henri Deterding's Royal Dutch-Shell and the only company besides Texaco that distributes in every state...
Continental Oil, only U. S. oil company displaying two of J. P. Morgan's partners in its directorate, showed a 1935 increase in gross income of only 6%, yet profits climbed from $4,865,000 in 1934 to $8,813,000 last year. Included in the 1935 figure was a $1,564,000 profit from sale of two tankers "not needed in the company's service." Continental's Daniel James Moran is one of the few U. S. oilmen who is not a confirmed expansionist. In his report, which he signs "Dan Moran," he noted: "During...