Word: petroleum
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Dates: during 1930-1939
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...responsibilities of managing American Petroleum Institute have fallen not upon the well-known men who have occupied its presidency but upon William...
Last week the following were news: Frederick Henry Bedford Jr. was elected president of Standard Alcohol Co., a new concern formed to handle Standard Oil Co. of New Jersey's manufacture of alcohol from petroleum. This branch of Standard's business was previously the subject of litigation with Petroleum Chemical Corp., owned by National Distillers and Barnsdall Corp- Now Petroleum Chemical Corp. will have a large stock interest in Standard Alcohol, settling the suits. Mr. Bedford is a director of Standard Oil Co. (New Jersey). His father was vice president of the company in charge of its lubrication...
...animosity between the Blue & Grey made news in the East. In the South there has been reciprocal licensing trouble before. The Highway Users Conference, whose membership includes rubber, petroleum and motor interests as well as truck operators, lays the whole license ruction at the doors of railway lobbyists in State Legislatures. Last week, while the Pennsylvania-New Jersey feud went on, a joint committee of railroad presidents under President William Wallace Atterbury of the Pennsylvania met in Manhattan's Pennsylvania Station with motor transport executives under the leadership of Vice President Alfred Harris Swayne of General Motors. The conferees...
Pure Oil. Shell, Consolidated, Texas and Gulf. White Eagle and Magnolia, subsidiaries of Socony-Vacuum, fell in line. The directors of the American Petroleum Institute, meeting in Excelsior Springs, Mo., expressed their approval. But the industry's spirit was dampened when Standard of New Jersey remained ominously silent and Standard of Indiana came out with the flat announcement : ''Conditions do not warrant even the present prices. . . . The Indiana company is sincerely desirous of seeing producers receive a satisfactory price for crude. But it is convinced that an advance in the face of present conditions would simply provide...
...worth of aluminum wire to Russia, will take crude oil in payment (some reports said half the payment would be cash). The oil received in the deal, which Aluminum Co. called a barter "in effect but not literally," will be sold to Montreal's La Salle Petroleum Refinery, Ltd. (incorporated only last May), refined and placed on the Canadian market. Canada's oilmen spoke of "disturbing effects," pointed out that Mellon-controlled Gulf Oil Corp. was a member of the international oil conference which sought to limit Russian exports. Although they muttered about an "embargo," Ottawa...