Word: oil
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Dates: during 1940-1949
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...University's major investments are in U. S. government bonds, public utilities, railroads, insurance companies, A. T. and T., oil companies, and other equally safe and conservative groups...
...complex economy's ups & downs and in-betweens. On the CEA with Nourse were ardent New Dealer Keyserling, 41, who helped Senator Robert Wagner write the Wagner Act, and John D. Clark, an economic and political anomaly who was onetime vice president and director of Standard Oil of Indiana...
...chief proved or suspected producing agents, as Hueper lists them: physical agents, such as ultraviolet rays; inorganic substances, such as beryllium and selenium; organic chemicals, e.g., benzol; certain by-products from the process of refining oil shale and petroleum; vegetable products, e.g., betel nuts...
...Lusty Child. There were early flops, but the flops were soon outnumbered by notable successes. Trim, clean-lined stoves, oil heaters, refrigerators and washing machines outsold their ugly predecessors and those of competitors. Streamlining, which had the laudable purpose of cutting down wind resistance in trains, cars, etc., became such a craze that it was even inflicted on such static objects as desk sets. Little by little the hardy, struggling band proved that their artistry could draw that prettiest curve of all to businessmen−an upward-sweeping sales curve...
Since the Teapot Dome scandal 25 years ago, the oil empire of Edward L. Doheny has been in & out of the headlines. Last week the holdings of Doheny, who was acquitted of bribe charges, made news again, perhaps for the last time. The Los Nietos (literally, the relatives) Co., owned by Doheny's five grandchildren,* sold the empire's last oil-producing property. The holdings have oil reserves in the U.S. and Canada of at least 48 million barrels. The buyer: Union Oil Co. of California. The price: $22.4 million plus 600,000 shares (current value: $15 million...