Word: seaboard
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Dates: during 1930-1939
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...Afghanistan to be used as an ointment of royal justice. Last week in Berlin, how ever, handsome Foreign Minister Faiz Mohammed Khan signed an agreement which may eventually make pastoral, wild Afghanistan one of the major oil producing regions of the East. To Inland Exploration Co., controlled by Seaboard Oil of Delaware, Faiz granted exploration rights for 75 years to every foot of Afghanistan's 270,000 square miles...
...have been less provisional were Afghanistan better recognized as a potential oil source. Until a few years ago neither oil prospectors nor anyone else traveled freely among the rifle-bearing Afghan hillmen. The potentiality of Afghan oil fields is something presumably best known to Inland. In Manhattan last week Seaboard's President John Meston Lovejoy, who is also president of Inland Exploration Co., remarked with restraint that the concession was an opportunity to spend a lot of money. Said cautious President Lovejoy: "This is a concession for exploration as well as for exploitation. . . . No oil testings have ever been...
...company. And whether or not Afghanistan suddenly disclosed "probably the greatest untapped oil reserves in the world," as the Associated Press reported from London, Seaboard had agreed to try to build up production in ten years to the considerable flow...
...Seaboard's cellar door into the Middle East opened only after nearly two years of patient palaver in Afghanistan's moun tain capital of Kabul, in Geneva and in Berlin. Able diplomat in these negotiations was Charles Calmer Hart, oldtime Washington correspondent of the Portland Oregonian, U. S. Minister to Albania un der President Coolidge, Minister to Persia under President Hoover. Then the only trained newsman in the diplomatic service, subtle, cheerful Charlie Hart provided the State Department with some of its best official reading in his reports on such mat ters as the development started by Stand...
...active issues on the Big Board were stocks selling for less than $10 per share. Churned in volume lately have been such "penny" favorites as International Paper & Power Class C ($6.50), Elk Horn Coal preferred ($5.50), General Realty & Utilities ($4.50), Alleghany Corp. ($4.50), Commonwealth & Southern ($3.50), Pierce Petroleum ($2.75), Seaboard Air Line Ry. ($1.75), Consolidated Textile...