Word: sinclairs
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Dates: during 1950-1959
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...procession of economists, financiers and assorted experts testifying in Washington on the course of the U.S. economy. Commerce Secretary Sinclair Weeks added his bit last week. Secretary Weeks's appraisal: "Spotty." He was worried about inflation's steady spiral, which pushed living costs to an alltime high in June (see NATIONAL AFFAIRS). Yet the economy seemed well able to absorb the high prices-at least for the moment. In 1957's second quarter, the gross national product climbed to an annual rate of $433.5 billion, some 5% more than last year; half the gain...
...Edward N. Gadsby, 57, was nominated to fill out the remaining term (until June 5, 1958) of Securities & Exchange Commission Chairman J. Sinclair Armstrong, who has resigned to become Assistant Secretary of the Navy for finance. A conservative New Englander (Amherst, '23), SECommissioner Gadsby worked for New England Telephone & Telegraph Co. before turning to the law (New York University, '28) and a ten-year berth in the Manhattan law firm of Rushmore, Bisbee & Stern. Moving back to New England, he practiced privately in North Adams, Mass. until 1947, when he became a Massachusetts commissioner of public utilities. Though...
...BOSS will probably be Edward N. Gadsby, 57, Boston lawyer and former chairman of Massachusetts Public Utilities Commission, who is in line for post when J. Sinclair Armstrong moves on to become Assistant Navy Secretary...
With oil already in oversupply, Sinclair, Gulf and Conoco broke the rules of supply and demand last week and raised their wholesale prices; other major firms were expected to follow their lead. Experts claimed that the U.S. oil industry is creating a pattern of passing on increases in labor and other costs ultimately to the consumer...
...Eastern first asked FPC permission in 1954. But the FPC ruled that the Texas Eastern products line would benefit the public by stimulating competition, even though it might hurt the barge business. Already big Midwest refiners are seeking ways to use the proposed Chicago spur to their profit, while Sinclair, Texas and Gulf are talking about a similar products line to be constructed next year from outside Philadelphia to Cleveland. In addition, Texas Eastern got FPC permission last year to spend $74.7 million on a 422-mile line south from near Beaumont, which will soon bring in the first major...