Word: oils
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Dates: during 1930-1939
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Small compared to the quantitative increase in U. S. productive capacity in 1920-29, the Five-Year Plans represented a greater rate of increase. They doubled Russia's industrial stature, made her an industrial power, left her self-sufficient in production of oil, coal, iron ore, manganese, cellulose, cotton, super phosphates. But it set a vast segment of the Russian proletariat moving from factory to factory, from village to city, in one of the great tidal movements of humanity that Tolstoy long ago described as the ceaseless wanderings of workmen over the earth. It ended uniform wages. Breakdowns, delays...
Promising less, the Second Five-Year Plan visualized more modest gains: 178 new coal mines, 107 rolling mills, 93 oil cracking plants, 15 cotton mills, 21 shoe factories, eleven silk mills, along with a big extension of rolling stock, locomotives, tractors, power plants. Although it called for an 18.5% increase in consumer goods, ration cards were not abolished until 1935. Production of automobiles and trucks, in a country which has only 600,000, climbed slowly from 49,750 in 1933, to 199,315 in 1937. Production of shoes, in a country which produces one pair a year per person, declined...
...were more than 200 models of his inventions, in almost all of which he anticipated later inventors. Some of the contraptions: a jack (see cut); a turnspit driven by the draft of a chimney; a machine for cutting files and rasps; a printing press with movable type; an olive oil press such as is still used in Italy; a pile driver; an automatic saw; an automatic gear, like the differential in an automobile; a flying machine, whose bird-like wings were supposed to be powered by the operator, lying on his back and pumping with his feet...
Lumbering into the annual stockholders meeting of his substantial ($362,000,000) Consolidated Oil Corp., Oilman Harry Ford Sinclair last week declared: "Either one of two things must happen. The price of finished products must go up or the price of raw material go down. I do not believe that this industry can continue to sell its finished products below the cost of raw materials...
Immediate reason for Harry Sinclair's pronunciamento was a small loss on Consolidated's operations in the first quarter (figures not made public). Since last year when the Government convicted a batch of the major oil companies under the Sherman Act, fear of further anti-trust suits has kept oilmen from attempting to do anything about relieving the market of distress gasoline stocks, which have reached an unwieldy total. Refiners now get an average of .7 cents a gallon less than they did last year. Crude production, however, has been kept within reasonable bounds by State proration laws...