Word: oils
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Dates: during 1940-1949
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...minute ceremony one day last week, Under Secretary of State Stettinius and Lord Beaverbrook signed a British-U.S. oil agreement aimed at ending cutthroat competition between the two nations. In its final form the agreement's provisions are virtually the same as those the oil experts gave their Governments for approval last spring (TIME, May 15). Under it the two nations (which control about 90% of the world's oil) will set up an eight-man international commission by which they hope to: 1) stabilize postwar world oil markets; 2) provide orderly development of world oil properties...
...York totted up earnings of 350 companies, found that they were up 11%. But the notable fact was that second-quarter earnings this year were but slightly better than first quarter. If the overall picture was still rosier than last year, it was due mainly to one rampaging industry: oil...
Flowing Gold. Standard Oil of New Jersey turned in a whopping $71,000,000 of estimated profit at midyear compared to $48,000,000 for the same period of 1943. Socony-Vacuum Oil Co. netted $20,000,000 v. $15,000,000, Sun Oil Co. pocketed $7,800,000 v. $5,700,000. Eyeing this flowing gold, many a Wall Streeter boldly predicted that the industry may boost its year's earnings 40% over 1943. Cracked one oilman: "We're almost ashamed the way the money rolls...
...reason his mission commander has been dropped from the projected flight. Colds are serious to flyers only when they don oxygen masks. The only prime German target separated from Naples by oxygen-mask mountain altitudes is Munich. When U.S. bombers head for Munich's Hermann Goring oil works, Messerschmitts are waiting for them...
...alive-waded ashore on a Pacific island. Among them was Charles P. Cecil, tall, cold-eyed skipper of the heroic cruiser Helena (TIME, Nov. 1), which had been torpedoed in the July 7 Battle of Kula Gulf. With the others. Captain Cecil had floated for hours in the oil-covered waters. He had refused to be picked up until his men were rescued...