Word: sinclairs
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...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...
...during the budget fracas, his Administration was marching in step. Even if it had been deliberately timed, the announcement of the resignation of Treasury Secretary George Humphrey (see below), who had gotten out of step with his hair-curling-depression remarks, could hardly have been more pointed. Commerce Secretary Sinclair Weeks, an economic conservative by birth, instinct and training, stepped to the firing line with a denunciation of "budget butchers, whose latest proposals go far beyond sound economy and now threaten progress and peace." In the face of the united Administration front, congressional budget-cutting mail was slacking...
Bright Future. Sinclair Oil Corp. is also experimenting, trying a method of drilling holes into shale beds, fracturing the strata by driving in high-pressure water, then using fuel-oil fires to distill out the shale oil. Though the oil recovery may not be high, the Sinclair idea would save mining machinery, possibly produce lighter oil for the pipelines. In Denver, the Oil Shale Corp. has a small new pilot plant designed to test the Swedish Aspeco retort process; this distills out the oil by whirling crushed shale mixed with superheated porcelain and aluminum balls in a rotating drum, also...
...Swiss law makes it a crime to reveal any information about them-or about any depositors in Swiss banks. SEC Chairman J. Sinclair Armstrong has also expressed worry, complained to a Senate security subcommittee investigating possible Communist stock buying in vital U.S. industries about "the difficulty of ascertaining the identity" of those buying stock through Swiss banks, notably in U.S. proxy fights...