Word: petroleum
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Dates: during 1950-1959
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...TIME receives dozens of requests for permission to reprint articles or to quote from them. One of the most unusual came recently from Dr. Lenox D. Baker, of the Duke University School of Medicine. He wanted permission to reproduce the cover picture of Oilman Alfred Jacobsen, president of Amerada Petroleum Corp. (Dec. i). Dr. Baker also wanted permission to quote the cover caption in a paper on Marie-Strumpell arthritis that he was to deliver at a meeting of the American Academy of Orthopedic
...bridge of the 18,000-ton tanker Nissho Mam as she steamed into Tokyo Bay stood Captain Tatsuo Nitta, flashing a gold-toothed smile. He had just completed a three-week voyage from Abadan, bringing to Japan her first petroleum shipment (15,300 long tons of diesel oil and automobile gasoline) from Premier Mossadegh's nationalized oilfields. At a special introductory price averaging 5.35^ a gallon, he had quite a bargain. Waiting to receive Skipper Nitta at the Kawasaki dock was a cluster of Iranian traders...
...petroleum industry, Standard Oil (N.J.) saw its profits drop 4.5% to $126 million. But Socony-Vacuum had a 7.3% gain to $44 million. The net profits of Standard Oil of California ($42,016,-201), Texas Co. ($42,681,806) and Gulf ($35,629,000) remained about the same...
...tell everyone we're going to put on a certain kind of show and sell admissions so that we know the people coming are really interested." Next week McGraw-Hill will put up a brand-new tent when it begins publishing two oil magazines (including the weekly National Petroleum News) and three daily services (e.g., Platt's Oilgram Price Report) bought from Cleveland's Warren C. Platt, giving it a magazine covering every major U.S. industry except steel production...
...Modification of the "Buy American" Act, plus a complete overhaul and simplification of tariff schedules, with an average rate cut of about 33%. Some 8,000 present tariff rates should be boiled down into a few clearly defined categories; tariffs and import taxes on such items as petroleum products, metals, wool and many manufactured goods, including machinery, autos and appliances, should be lowered or eliminated...