Word: sulphureous
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...novices in the sulphur business, learning it from scratch, the young partners knew enough to see that Freeport's resources were alarmingly low. They set out to find new sulphur beds, by the mid-30s had put the company squarely on its feet again with Louisiana's Grand Ecaille, Freeport's biggest mine, built the whole town of Port Sulphur (1950 pop. 2,250) to house the workers and ship the sulphur. Watery Mine. To get the brimstone out of the ground at Garden Island, Freeport plans to build a $10 to $15 million plant. Garden Island...
...profits will go to the Texas Co., which owns the oil leases on the land and found sulphur while drilling...
...southern end of the Mississippi Delta, in swampland that is four feet under water at high tide, Freeport Sulphur Co. has struck the biggest sulphur bed discovered in the past 20 years. From these new deposits at Garden Island Bay, La. (see map), Freeport expects to mine 500,000 tons of brimstone (pure sulphur) a year by 1953. The effect of this announcement last week was electric. Overnight, Freeport's stock shot up as much as 19 points, to 120, the highest price in the company's history...
...biggest news in Freeport's strike was the fact that it will soon put the U.S., supplier of 50% of the world's sulphur, in a position to whip one of the world's most critical shortages. Sulphur, vital to the production of everything from explosives and steel to newsprint and rayon, is as essential to industry as salt is to food. While the U.S. is now producing 6,000,000 tons a year, the world demand is now running 1,000,000 tons a year ahead of the total world supply of 11,700,000 tons...
...capitalist, Yaleman, sportsman (polo and racing), soldier (Air Forces colonel), connoisseur of modern art (TIME, Aug. 27), philanthropist, Broadway angel (Life With Father), public servant (president of New York Hospital), and husband of one of the famed Cushing sisters (Betsy, ex-wife of James Roosevelt). Whitney is Freeport Sulphur's chairman and biggest stockholder. Along with Freeport's President Langbourne M. Williams Jr., 48, he got control of Freeport when both of them were still in their twenties...