Business & Finance: Atomic Build-up

Employes of Phillips Petroleum Co. refer to it as "Phillips Pete." Sharp-eyed Founder Frank Phillips, now chairman, is called "Uncle Frank." Heavy-set President K. S. Adams has been titled "Boots" ever since he went wading in a Kansas City flood. Slight, bespectacled President Thomas B. Hudson of The Polymerization Process Corp., Phillips Pete's favorite offspring, answers to "Tubby." This nicknamed outfit last week registered $25,000,000 in debentures with SEC. Wall Street was sure they would have an easy saleĀ—for in polymerization, Phillips Pete is fathering the latest technique in gasoline manufacture.

Gasoline...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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