Word: suez
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Dates: during 1950-1959
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...Wall Street's favorite guessing games in recent weeks: "When will oils begin to catch up with the rest of the market?" The answer came last week, as surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in the first half last year. Gulf Oil Corp. stock added 6| points during the week to close at 116⅛, after reporting first-half earnings of $4.38 per share...
Amid the storm last week, he found one consolation. It was a letter from a large U.S. firm that is helping dredge the Suez Canal. The company had already heard of the colonel's crusade and wanted to know all the details, because it was interested in starting a campaign of its own among the wives of its employees...
...from our land, this was the first thing that came to my view: the time had come for real revolutionary action." Nasser confessed that when he came to power in 1952, his revolutionary group of army officers had not fully understood what they were working for. But after the Suez invasion, said he, they saw clearly that the job was to create a wholly new "cooperative socialist and democratic society." In the "radical change" about to begin, announced Nasser, the United Arab Republic will double its national income, eliminate strife between classes, provide equal opportunity...
...campaign for competitive coexistence with Iraq, Nasser was able to take advantage of another set of coexisting competitors. Already accepting Soviet aid to build his Aswan Dam, Nasser last week signed an $8,000,000 agreement with the U.S. to resume the technical-aid program broken off in the Suez crisis...
...Suez. U.N. Secretary General Dag Hammarskjold flew to Cairo to discuss release of the Danish freighter Inge Toft, seized by his Suez Canal officials last May for carrying Israeli cement and potash destined for Hong Kong and Tokyo. On the morning of Hammarskiold's arrival, Nasser's Al Ahram printed Nasser's declaration that the U.A.R. would hold the Inge Toft's cargo on the ground (rejected by the U.N. Security Council's decision in 1951) that his country was in "a state of war" with Israel. Beneath the autographed pictures of Nehru, Tito, Chou...