Word: petroleum
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Dates: during 1930-1939
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...months ago swart, dynamic, 70-year-old Sir Henri Wilhelm August Deterding, Director-General of Royal Dutch Petroleum Co., one of the world's largest producers of crude petroleum, married his third wife, Charlotte Mina Knack, a German (TIME, June...
...found them so irregular that the application was refused. After that Ochsner came to an understanding with Daugherty, though the geologist never got to the point of signing his name. And once while Daugherty was away on a trip, Ochsner sold the claims, which eventually wound up with General Petroleum. Of course, Ochsner retained the royalty rights. These were shuttled around in various private holding companies with assistance of various parties, most of 'whom also subsequently jumped into the legal fray. Daugherty started his particular lawsuits in 1924, dragging them on with no success for ten years until...
...most active issues on the Big Board were stocks selling for less than $10 per share. Churned in volume lately have been such "penny" favorites as International Paper & Power Class C ($6.50), Elk Horn Coal preferred ($5.50), General Realty & Utilities ($4.50), Alleghany Corp. ($4.50), Commonwealth & Southern ($3.50), Pierce Petroleum ($2.75), Seaboard Air Line Ry. ($1.75), Consolidated Textile...
...depreciation and depletion charges. Last spring, when Richfield was coming back to black ink for the first time since 1930, Harry Sinclair and Harry Doherty finally got together. Cities Service Co., which owned 25% of Richfield bonds, 14% of the bonds of Richfield's California subsidiary, Pan American Petroleum, and a majority of the Richfield preferred and common stocks, sold them all to Sinclair's Rio Grande Oil for a half interest in that company. In an immensely better tactical position to make use of the Richfield holdings than Doherty had been in 1931, Harry Sinclair proceeded...
...Cities Service will be an issue of $10,000,000 in debentures, available to Richfield and Pan American bondholders and creditors through subscription certificates given them along with shares of stock in the new company. Underwritten by Kuhn, Loeb, by Consolidated Oil, by Cities Service, by Petroleum Corp. of America, by Atlas Corp. and by Blyth & Co. will be 550,000 shares of new common stock at $10 a share. The remainder of the total 1,000,000 shares is allotted to bondholders and creditors...