OIL & GAS: One Hundredfold


Cackling as proudly as a hen just off the nest, Cities Service Co. last week took full-page advertisements in 175 U.S. newspapers. It pointed out that in 1949 it had boosted its sales to a record $582.5 million, making it one of the top ten U.S. oil companies and one of the four biggest U.S. suppliers of natural gas. The company, said its strapping (6 ft. 2 in., 200 lbs.) President W. (for William) Alton Jones, 59, was in the "strongest position in its history."

Not so many years ago Wall...

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