Time Clock, Jul. 13, 1959

"FORTUNE'S" NEW LIST of the 500 biggest U.S. industrial corporations in 1958 showed some changes in the top ten. Chrysler, which was sixth in 1957, dropped to eleventh; Bethlehem Steel, which was ninth, dropped to twelfth. Newcomers: Texaco and Western Electric. The top ten: G.M. ($9.5 billion in sales), Jersey Standard ($7.5 billion), Ford ($4.1 billion), G.E. ($4.1 billion, and up a notch from '57), U.S. Steel ($3.5 billion, down a notch), Socony Mobil Oil ($2.9 billion), Gulf Oil ($2.8 billion), Swift ($2.6 billion), Texaco ($2.3 billion), Western Electric ($2.2 billion).

HOWARD HUGHES, whose Hughes Tool Co. controls TWA, plans to sell...

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