Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Macmillan Petroleum Corp., however, and not to Standard went the glory of having first taken a stand against the price cuts. With due regard to the Napoleonic maxim that the best defense is an attack, Macmillan Petroleum, one of the independents, met the price-cutting threat by actually raising its prices. "Commencing on the morning of July 4th," announced the company two weeks ago, "the price of Macmillan gasoline will be restored to 18½? at the service station. . . . We confidently expect the purchasers of Macmillan gasoline to continue purchasing our product even though the price may exceed that...
...occurring the last act of a newspaper racket story which made the petty taxing of Chicago brothel keepers pale into insignificance. Morris Lavine, ace reporter of the Los Angeles Examiner, was convicted of attempting to extort $75,000 in the course of a second expose of the Julian Petroleum Corp. scandal...
...Standard Oil Co. of New York sold 92% of the petroleum products used in New York and New England. Last "year it sold 23%. Instead of gloomily contemplating this loss of dominance, last week Socony gladly told about it. The reason: to show the U. S. Government that oil conditions have vastly changed since the old Standard Oil Co. of New Jersey was dissolved in 1911, that Socony and Vacuum Oil Co., both units of the former trust, may now legally merge...
Cities Service, unique Henry Latham Doherty's combination electric, gas and petroleum company, last week announced an issue of $118,000,000 in 5% convertible debentures due 1950. A syndicate headed by Harris, Forbes & Co. in the East and Halsey, Stuart & Co. in the West is handling the issue, has also withdrawn from public offering between $25,000,000 and $30,000,000 of its amount. As 140,000 Cities Service stockholders have already bought an additional $45,000,000, there remains some $60,000,000 in which the public may participate. Object of the issue was the raising...
Harry Ford Sinclair, petroleum tycoon was last week reported as about to acquire Richfield Oil Co. of California. The rumor was not denied or affirmed at Sinclair offices, but it was conceded that Bancamerica-Blair, Sinclair bankers, held a large block of Richfield stock. Richfield is fourth largest oil distributor in California (leaders are Standard of California, Union Oil and Shell Oil), would supply Sinclair with desirable California distribution...