Word: premiums
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...turning many an oilman into a gasman. Even after World War II, oilmen were burning off natural gas as a waste that came up with the oil. Now, so many cities are switching to natural gas-and oil is in such surplus-that the market has burgeoned, put a premium on gas discoveries. Mosser now has more than 18 oil and gas rigs drilling, brought in more than a dozen wells. He has two other promising fields that may well yield another trillion cubic feet of gas. Says Mosser: "We'll take...
...Lanz charged, "is Fidel himself." He added that on a trip to Venezuela, he saw Castro go into a hotel bathroom for a private, two-hour talk with Venezuelan Communist Boss Gustavo Machado. Castro exploded in rage at the committee-"those political simpletons who seek to put a premium on treason"-and did not visibly cool off at President Eisenhower's statement that "the U.S. has made no such charges...
...position to force a middle-sized producer to turn out a private label for his product for them at a lower price, or they will not buy from him at all. The real fear is that the supermarkets, in their increasing competition with each other, will put such a premium on profit margins that they will squeeze out more and more name brands to the ultimate harm of the consumer, who has benefited most from the new products that have been developed...
...growing. Helm charts the bank's rising deposits on his office wall. In 1954 he saw an opportunity to grow in one jump. He urged Chairman Jackson to buy out the century-old Corn Exchange Bank, which had 78 branches and $774 million in deposits, and paid a premium of $25 a share to get the Corn Exchange stock. The price proved right. The merged bank's deposits rose to $3.2 billion in 1958. With the New York Trust Co. branches he will have the third biggest branch-office system in New York...
INSURANCE EXPERIMENT by 200 California companies will reward safe drivers by cutting auto premium rates 20%. Reductions will apply to drivers without fault in accidents or who have no moving traffic violations (speeding, passing red lights, etc.) for three years; drivers with one accident or violation will pay current rates; those with two will pay 25% more than current rates; those with five or more will pay double normal rates...