Word: petroleum
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Dates: during 1920-1929
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Sometime ago Mr. Sinclair became interested in the possibilities of petroleum production in Sakhalin, and his representative, Mr. Templeton, has been in Moscow for months without being able to bring the matter to a head with the Soviet authorities. Meanwhile Japan wishes to buy northern Sakhalin for $75,000,000 from Russia, who demands $500,000, 000 for it. While the Soviet envoy, Adolph A. Joffe, is deadlocked with the Japanese in Tokyo, the Soviet leaders in Moscow are apparently flirting with Sinclair in order to induce the Japanese to raise their...
...Kuhne" because of the common difficulty in pronouncing its partners' names) its long-established business in German securities and exchange became so unprofitable that the house was compelled to enter new and previously untried financial fields. With very faulty but not uncommon judgment, the house began to float petroleum securities in the boom of 1919-20. Heavy losses were sustained in Simms Petroleum, which took a greater toll from supposed "Wall Street insiders" than from the general public. The last venture was in Mexican Seaboard, whose sharp drop was the occasion of the firm's insolvency. Rumors caused...
...limit beyond which stock market letters may not go in their often dangerous practice of making misstatements and starting rumors which affect stock prices, was shown by the recent retraction by W. C. Moore of his charges that Edward L. Doheny was lying about his company, the Mexican Petroleum Company. Back in 1921, when the price of "Mex Pete" was fluctuating widely on rumors regarding the oil situation in Mexico, Moore, in his "market letters," insinuated that the Company was unsound and being misrepresented by its officers...
...Both the "Big Board" and the Curb Market are indispensable parts of the national financial machinery. There is, however, a third trading center in New York-the Consolidated Stock Exchange. This organization developed in comparatively recent years by the merging of several small security exchanges with the one time Petroleum Exchange. The latter had, like other commodity exchanges, been granted the use of a New York Stock Exchange ticker When the legitimate business in crude oil upon it came to an end, and the business in mainly rubbish shares proved insufficient as a source of income, its members resorted...
...educated in Brooklyn and Europe. He has been in the employ of the Standard Oil since 1882. In 1907 he became a director of the dominant New Jersey Company, of which he has been President since 1916. During the war he was Chairman of the National Petroleum War Service Committee, and in 1919 Chairman of the International Trade Conference in America, organized under the U. S. Department of Commerce. At the Genoa Conference he was an informal observer, and is generally associated with the foreign activities of the mammoth oil company...