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...another, much bigger merger of old Standard units: Standard Oil Co. (New Jersey) and Standard of California. Such a merger would span the continent, would bring together $2,381,289,000 in assets, would create by far the biggest oil company in the world. It would give an outlet to California's tremendous crude production (including half of the Kettleman Hills field) through the extensive marketing system which New Jersey has built up in the central and south Atlantic states, in Europe and Latin America...

Author: /time Magazine | Title: Business & Finance: Socony-Vacuum Corp. | 8/10/1931 | See Source »

Liberty had been Publisher Patterson's especial pride. When the money-making Daily News proved no outlet for the Tribune's profits, he deliberately set himself (in 1924) to challenge the Saturday Evening Post. He aimed at a slightly more jazz-loving level of the public than Satevepost's audience is supposed to be. Spending some $14,000,000 he got as high as 2,470,882 readers. (Satevepost has been more than 3,000,000.) In 1929 he prophesied: "We estimate that in 1935 Liberty will have the largest magazine circulation in the world." He even...

Author: /time Magazine | Title: The Press: Sold: Pride & Liberty | 4/13/1931 | See Source »

...Last week's transaction put G. M. into the transport field. President Harris M. Hanshue of Western Air did not confirm the rumor that G. M.'s 24% stock holding would give it control of the Western Air Line. Nevertheless, observers saw in the arrangement an assured outlet for General Motors (Fokker) planes, possibly a bitter struggle between G. M. and Ford Motor Co. for air supremacy...

Author: /time Magazine | Title: Aeronautics: G. M. Into Western Air | 3/16/1931 | See Source »

...subway riot tradition, and upon this class the Vagabond proposes to do slaughter, mayhem, and bodily violence, when and if a riot breaks out this evening. His tactics may be all wrong, he may only be adding fuel to the fire but at least he will have given outlet to a desire which has been nurtured in the last two battered and darkened "El" cars in which he has ridden, a desire to pound the man who blows out the first fuse. He hopes he pounds the right one tonight if opportunity occurs...

Author: NO WRITER ATTRIBUTED | Title: The Student Vagabond | 2/28/1931 | See Source »

...Bethlehem the deal (accomplished by issuing treasury stock and notes) means an assured outlet for structural steel. It also means that the Mellon interests, now represented on the McClintic-Marshall board by Richard Beatty Mellon, will become relatively big Bethlehem stockholders, as occurred in Pullman when it acquired Standard Steel Car Corp. No small thing is a Mellon connection. Mr. McClintic and Mr. Marshall invested in the Koppers Co., have never missed a Koppers contract. McClintic-Marshall also owns securities in Aluminum Co., gets Aluminum's business. To Pittsburgh, the deal means the passing of another close family corporation...

Author: /time Magazine | Title: Business: Steel Deal | 2/16/1931 | See Source »

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