Word: pureed
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Dates: during 1960-1969
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...electorate favors all provisions of this bill. I disagree. And only a national referendum could prove one of us wrong. If the American Mainstream has truly become a polluted effluent bound for the Gulf of Socialism, I will swim upstream with Barry -where the water is clean, the air pure, and the trees tall. This is where the American Dream was spawned...
...expect 1964 to be a difficult year," admitted Pure Oil Co. President Robert L. Milligan recently. He was more prescient than he suspected. Last week Pure Oil's board faced the difficult question of what to do about an attempt by a group of celebrated outsiders to buy the 50-year-old company for a walloping $700 million. Milligan and his managers are understandably apprehensive. The mechanics of the transaction are intricate, and how many of Pure Oil's present managers would stay on is uncertain...
High-Note Trio. For six months, reports of heavy secret purchases and an impending offer have swirled from Wall Street to Houston, pumped up Pure's stock from 41 to 54. Last week the identity of the bidders was finally disclosed when the offer was made to Pure Oil-without the usual advance sounding-out of the current management. Leading a syndicate of three major companies is Wall Street's Carl M. Loeb, Rhoades & Co., which is headed by canny John Loeb Sr. The other two participants are: 1) Chairman George Love's profitably diversifying Consolidation Coal...
...company that the syndicate is after has more promise than profit. Though Pure's sales in the last decade have almost doubled to $733 million, earnings have not kept pace with the general boom in the oil industry. Last year profits increased less than 3% to $30 million, and in this year's first quarter they were off 50% because of slow heating-oil sales and high charges for servicing the company's debt...
Crude Shortage. Pure Oil's problem has been too little production, too many gasoline wars. As old wells thinned out and not enough new ones were brought in to replace them, the company was forced to turn to competitors for two-thirds of the supplies for its gas stations. At the retail level, Pure also had to cut oil and gas prices to match competitors...