Word: now-extinct
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Dates: during 1928-1928
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...some portly oil barons met in a Manhattan hotel room and the now-extinct Continental Trading Co. of Canada bought 33,333,333 bbls. of oil for $1.50 per barrel. The same day, the Continental Co. sold the same oil for $1.75 per barrel to the Standard Oil Co. of Indiana, instantly netting some eight million dollars on paper.* The strange thing was that a third company, which guaranteed the Continental purchase, was jointly owned by Sinclair, who controlled Continental and the Standard Oil Co. of Indiana, which was buying from Continental...