Word: scrapped
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Rather than throw good money after bad, Socony and Texaco notified Argentina that they planned to liquidate the company. Belatedly, Argentina began offering some concessions to Ultramar. The owners replied that they would rather sell the plant for scrap than continue operating it. Last week, Argentina agreed to buy the refinery from Ultramar for 75 million pesos (some $5,360,000), about three-fourths the original investment. But the companies, barred from converting pesos into dollars, are now trying to find something to do with the money in Argentina. Said one oilman ruefully: "Instead of having a refinery which...
Lindbergh's flight, and the publicity for Ryan's plane, should have established Ryan in aviation for life. But he missed out. After a scrap with his partner, he sold his interest in the company (which later folded...
Fellow actors are apt to give him bad marks in technique, but they are impressed by his ability to immerse himself in a role, study it, think about it, live it. When he played Rembrandt, he read every scrap he could find about the painter, down to details on what kind of brushes artists used in the 17th century. As the domineering father in The Barretts of Wimpole Street, he became intolerably high & mighty around his own home. When he acted the murderer in Payment Deferred, he got so morose he nearly had a nervous breakdown. Says Korda of these...
...World War II found him with an interest in the war-rich Tampa Shipbuilding Co. In it, he made a lasting alliance with Florida Industrialist Louis Wolfson, 40, who had made millions from a grab bag of enterprises, ranging from ships, bridges, movie theaters, and plumbing supplies to selling scrap iron.* For $2,000,000 in 1945, he scooped up a surplus shipyard which cost the Government $20 million, liquidated it and cleared more than...
Concrete was rejected because it cost too much--$380,000--and because it could not be constructed to duplicate the rest of the horseshoe. Neither would concrete have had any scrap value. Bolted steel stands would have taken $40,000 annually for erection and removal...