OIL & GAS: One Hundredfold

OIL & GAS

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!