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With a daily average output of 123,800 bbl. this year, Mexico ranks as the world's seventh largest oil-producing nation.* Oil is Mexico's fourth-largest industry but it is almost entirely controlled by foreign firms, which currently have a $450,000,000 investment in it. This has long rankled nationalistic Mexicans, who not only covet the foreign-held oil fields but see justification in Mexico's taking them, since a Mexican legal principle from the time when the country was a Spanish colony until 1857 held that the Government owned all subsoil rights. From...
...After the U. S., 3,455,000 bbl.; Russia, 517,000 bbl.; Venezuela, 502,000 bbl.; Iran, 191,000 bbl.; Netherlands Indies, 148,000 bbl.; Rumania, 146,000 bbl...
...founded in 1850 near the salt deposits of Natrona, Pa., to manufacture alkaline salts of soda. Its process was a failure. Oil found on its land helped to keep it alive for a few years-it became the first company to export refined petroleum from the U. S.-500 bbl. to London at 5? a gal. But "Salt" has paid dividends every year since 1863, and last week was able to announce the most profitable year in its history: earnings of $11.79 a share on 150,000 shares of stock...
Applemen love Johnny, although they deplore his cultural methods, for presumably he made the U. S. apple-conscious beyond all other nations. This year some 65,000,000 bbl. of apples will be produced in the U. S.-about four-fifths of world production and biggest U. S. yield in six years. This is a 60% increase over last year's crop. Apples come in three types (dessert, culinary, cider) and some 7,500 U. S. varieties are grown on a large-scale in all but nine States.† New York once (1900-08) produced 50% of the crop...
...alarmed about their loans, installed their own brewery management in the person of Garnett C. Skinner, a high-powered adman who had capped a spectacular career in the Hearst organization with eight months experience in a small Chicago brewery. When Adman Skinner took over, Prima was selling 30,000 bbl. of beer per month. Under Adman Skinner, who made a $35,000 salary before he was 40 as advertising supervisor of all Hearst evening and Sunday newspapers, Prima's sales dropped swiftly to about 5,000 bbl. per month. Losses mounted and Prima was finally put into 776 reorganization...