Word: stocked
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Dates: during 1960-1969
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...reopened negotiations with Washington to get U.S. food shipments started again, hired pro-Western Mahmoud Younis, director of the Suez Canal, to reorganize Egypt's creaking transport and communications. Last week Cairo even announced that it hoped to infuse some new capitalist life into the long-moribund Cairo Stock Exchange, and declared Port Said a duty-free zone...
...biggest buyer of aluminum. The department will buy between 300,000 and 400,000 tons of aluminum in 1966 [double its 1965 consumption] which I believe is 10 or 15% of the industry's production." Why buy aluminum when the Government has so much in its stock pile? The explanation was that stockpile aluminum is not completely processed, and the Government owns no facilities for processing it; the aluminum the Government buys from industry is fabricated for special purposes, such as helicopter landing pads or guns. The other aluminum companies got the point, quickly rescinded their price increases...
Whether Continental's discovery, or British Petroleum's two other finds nearby, will be rich enough for commercial exploitation may take months to determine. The Continental announcement was more than enough, however, to trigger a scramble in oil shares on the London stock exchange last week and heat up the race to get down to the sea in rigs. Of the 23 consortiums that Britain has licensed to explore its area of the North Sea, only five (Continental and British Petroleum, plus Shell-Esso, Signal and the Phillips Group) are actually drilling. Holding up the others: the slowness...
...hunt has become a no-holds-barred game. Industrial spies now fill the sea and air off the British coast, in chugging trawlers and hovering helicopters, seeking to detect strikes before they are announced. The work pays well. Gas fever has become so hot that competing oil companies and stock speculators reward the spies for information with checks as large...
After the war, the colonel really began to find his footing. Armed with a suitcase full of promotional handbills and a bottle of lubricating oil, he sold $57,500 worth of stock in a nonexistent oil well. The shareholders finally caught on, and Mann was brought to trial; but the judge dismissed the case for lack of jurisdiction. Encouraged, Mann packed his carpetbag in 1866 and moved on to Mobile as Federal Assessor of Internal Revenue. In 1872 he patented a design for a railroad sleeping car (consisting of a series of stateroomlike compartments) and sailed for Europe. There...