Word: oils
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Dates: during 1940-1949
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Runaway. In Gainesville, Fla., police who arrested Maebell Jackson for ramming into an oil tank reported that she had tried to stop her car by yelling "Whoa! Whoa...
...collected a whopping $37,500 for himself-with an equal amount for his co-counsel, Charles J. Margiotti of Pittsburgh, and $9,000 in additional expenses. Angrily ordering immediate payment of the whole bill, C.I.O. President Phil Murray noted bitterly: "The fee would have been outrageous, even for Standard Oil...
...than 50,000 Red army soldiers in Rumania but, stationed at key points throughout the country, they are enough. Also, Moscow has settled about 20,000 Russian families around Constanta on the strategic Black Sea coast. Through seven huge "Sovroms" (Soviet-Rumanian combines), the Russians almost completely control transport, oil, timber, banking, and everything else they can lay their hands on, even including Rumania's tiny motion picture industry. A Rumanian proverb covers the situation: "When the Russians help us, they always take something away...
...tough-trading direction, IAPI in the postwar years rolled up huge profits buying wheat and other foodstuffs cheap from Argentine farmers and selling abroad for all the traffic would bear. Lately Miranda's all-the-traffic-will-bear policy has backfired. Because he jacked the price of linseed oil skyhigh, U.S. farmers took up flax-growing. Result: the U.S. this year produced its first exportable surplus of linseed oil in history. Argentina has lost its U.S. and British markets, and IAPI is stuck with 325,000 tons of the stuff...
...Mesabi's rich ores, his pilot plants were seeking economic ways of extracting the plentiful lower-grade taconite ores. (To find new iron ore sources, Humphrey's explorers, supplied by air, are also probing in Labrador.) Though many think coal a dying industry, Humphrey and Standard Oil Development are building a pilot plant to make gas (and later gasoline) from coal by burning it right in the mine. Three years ago Humphrey moved into Durez Plastics & Chemicals Co. (a 12% interest) because its raw materials (phenol and formaldehyde) come from coal...