Word: cheapness
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Worthless? Because no cheap method has yet been devised for extracting oil from the tough dark shale of Colorado, geologists estimate the production cost of such oil at $3 per barrel, as compared with current petroleum prices of $1 per barrel. Oil companies with foresight, however, have bought up Colorado shale land from original prospectors on the theory that eventually a cheap extraction process will be found. Denver records show the following holdings: Standard Oil of New Jersey, 20,000 acres; Union of California, 18,000; Continental, 10,000; Texas, 10,000; Prairie, 7,000; Deep Rock, 4,000; Pure...
Moscow & The Miller. Not in the least excited last week were millers, middlemen of wheat, who like to see it as cheap as possible. The Miller, organ of Great Britain's milling industry, waxed cheerful even over Dictator Stalin's policy of taking food out of Russian mouths to "dump" abroad...
...various difficulties and misunderstandings that Harvard, in the past, has had with the public press have largely been traceable to the lack of adequately intelligent handling of college news. This policy of aloof secretiveness was formed long ago the purpose of avoiding cheap publicity and misrepresentation, but the general public has long since spilt into two groups, those desiring sensational journalism, and those intelligently interested in the news. Publicity with the former class is hardly to be desired, but the latter is too valuable an ally to be continuously offended and ignored...
...market will list stocks of companies in allied industries. Rigid listing requirements (a staff of technical experts will inspect all properties of companies seeking to be listed), rule against wash sales and other malpractices, promise that the Mining Exchange will not tolerate conditions usually associated with trading in cheap stocks. The best guaranty of this, however, is the reputation of the Exchange's President, Heber Charles Hicks...
...universal prediction at the outset of 1930 was that construction, long low, would zoom under the impetus of cheap money and the many Hoover-pleas. Last week were published figures indicating that the long-awaited zoom will have to be a terrific one the next six months if 1930 is to be known as a good construction year...