Word: petroleum
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Dates: during 1960-1969
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...Leave Us Alone." A little over a month ago, one group of Cuban exiles got hold of a plane in Costa Rica, devised a scheme to pick up a load of bombs in Guatemala, then fly on to Cuba to blow up two strategic petroleum refineries on the outskirts of Havana. But the U.S. embassy in Costa Rica got wind of the operation and squashed the idea before it could get off the ground...
...Roanoke's Hotel Roanoke last week hung a large wreath of yellow roses and gladioli with the inscription: "In honor of those who gave their all in our fight for freedom in the market place." It was a reminder to the delegates at the National Congress of Petroleum Retailers meeting that 60,000 service station operators have bitten the dust in the Great Gasoline Price War, which threatens to be the sharpest and costliest ever...
...commercial contractors, who take a tolerant view of their moonlighting help. The volunteers themselves enjoy do-it-thyself chapel building -even though in some cases the motive is as much corporal as spiritual. "If we didn't believe in it," says Jay Johnson, an executive of Phillips Petroleum Co.. "we wouldn't be there. But besides, it's physically good for those who sit at a desk all day long...
...bargain hunters. For them, brokerage houses churned out new lists of stocks that offer reasonable income and low price-earnings ratios. One such list, circulated by Manhattan's Schweickart & Co., ticked off half a dozen blue chips-including Allied Stores. General Motors, Jones & Laughlin and Royal Dutch Petroleum-with price-earnings ratios of less than 12 to 1 and dividend yields of 4% or more. For many stocks, yields were on the rise-and not only because stock prices had fallen so much. Last month 89 U.S. companies increased their dividends; in May of last year, only...
...Brag. Last week Texas Attorney General Will Wilson filed the state's first suit against one alleged pirate. At the same time, three big operators-Humble, Continental and Pan American Petroleum -entered suits totaling $1,700,000 against eight independents who, the companies charged, had stolen their oil. The Railroad Commission predicted that it might eventually find as many as 300 slanted wells pumping out $30 million worth of purloined oil a year. Said Attorney General Wilson: "This will turn out to be one of the biggest thefts in Texas history." In the land of Billie Sol Estes, that...