20 —The Daily Collegian Wednesday, April 23,1980
Exxon takes top industrial ranking
NEW YORK (AP) The big jump in
oil prices last year helped push Exxon
past General Motors as the nation’s
largest industrial corporation and left
other oil companies holding six of the top
10 spots, Fortune magazine reported
recently.
Exxon topped the business magazine’s
Fortune 500 list for 1979, with sales of $79
billion compared to GM’s sales of $66
billion.
It was the fourth time in 25’years that
Exxon had surpassed GM in sales. But
Exxon’s sales advantage of almost $l3
billion was a much wider margin than
GM had ever held, Fortune reported in
an advance copy of its May 5 edition.
Radioactive water spills into Ohio River
SHIPPINGPORT, Pa. (AP) About 3,700 gallons of low
level radioactive liquid spilled into the Ohio River from the
idle Beaver Valley No. 1 nuclear power plant, the Duquesne
Light Co. said yesterday. -
The release was "well below” permissible limits and posed
no threat to the public or drinking water, a company
spokesman said. '
“I understand the leak is well below the limits for release
20 or 30 times less,” said George Smith, chief of fuel facility
and material safety at the Nuclear Regulatory Commission’s
Region I office in King of Prussia, Pa.
Smith said the radioactive isotopes involved are cobalt 60
and cesium 137.
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\ LjOWENBRAU# «8J (j
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Among other shifts in the top positions,
Mobil Corp. took over the No. 3 position
from Ford Motor Co., which dropped to
No. 4.
The 500 largest industrial companies
reported total sales of $1.4 trillion in
1979, an 18.6 percent increase from 1978
sales and the largest gain in five years.
Net income, bolstered by big jumps for
the nation’s big oil companies, rose 27
percent to $78.2 billion. That total was
also larger than the 17 percent rise in
profits in 1978.
Petroleum refiners and crude oil
producers far outpaced other industries
in profit increases. Median profits for
ENTRE BEVERAGE
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12 courses in Education,
including Foundations of
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mentary Science, Educa
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9 courses in Pharmacy,
including Physical Phar
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and Health.
Duquesne Light, operator of the Shippingport plant, said the
level of radiation in the liquid was so low that it was reported to
authorities only because it was unplanned.
The spill, which occurred over five or six days, was caused
by leaking shutoff valves in a storage tank, the spokesman
said.
Plant operators isolated the leak at 3 a.m. yesterday, after
noticing the tank level had decreased, and stopped the leak.
The company said the radiation level of liquids in the tank,
measured this week, was below permissible limits for
discharge.
Liquids released from the tank are normally diluted before
they are discharged into the river, a company spokesman said.
mining, which includes oil production,
and refining rose about 75 percent,
Fortune said. By comparison, the other
standout industry, metal manufac
turing, showed a 31 percent profit.
Troubled Chrysler Corp., which had
been ranked as the nation’s 10th largest
industrial company, dropped to 17th
place as its sales fell to $l2 billion in 1979,
down $4 billion from the previous year.
Chryler also reported a $l.l billion loss
last year more than twice the size of
any previously reported loss for an
American business and greater than the
sales of 235 of the companies on the
Fortune 500 list.
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6 courses in Nursing,
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voice, brass, organ
and strings.
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Former Captain
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Bet you’ve been approached about life insurance!
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Special Agent
L 2
I
Across
1 Camera part
5 Scrooge's comment
8 Sidewalk eatery
12 Assist
13 Asian land
15 Swear
16 "IRemember—"
17 Actor McDowell
18 Tiny opening
19 Huge
21 Dim
23 Congress output
24 "—Misbehavin’ "
25 State Department position
31 Pies
32 Bestselling book
33 Goal
35 Andy’s partner
36 Not hollow
Down
1 Crippled
2 Israel's Abba
3 "Nautilus" captain
4 Young actresses
5 Bridge offerings
6 Conjunction
7 Farm area
8 Per —income
9 Bard’s flow
10 Sumter or McHenry
11 She Sheep
13 Black birds
14 Homes on the water
20 Red Planet
22 Feed the kitty
24 Aids in strike settlement
25 Provo's state
26 Titles
27 Lazy bee
JUST
TWO MORE
LETTERS
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37 Snow runner: variant
38 Layer, ot a sort
39 Braid
40 Actor Tom
41 Quill source of Africa
44 Cincinnati nine
45 Long, long time
46 Actor Bridges
48 Keep one's cards
52 Sound of pain
53 Texas player
55 Zhivago's love
56 A single time
57 Some blades
58 Diabolical
59 Apiary residents
60 Well-known uncle
61 Actual
28 Hairs
29 Clam gatherer
30 Word on a triangular sign
34 Diner in "Alice"
36 Huskies
37 Con man
39 Bird of—
-40 Black
42 Hags
43 1980, 1981, etc.
46 Solitary
47 Doily material
48 Close with force
49 Make a road
50 Opera song
51 LikeJabbar
52 Throng
54 One of the Gershwins
JUST TWO MORE /WO
I'LL WAVE WALLBIPECtO
mv w/lolf room With
Rejection letters
■ ipM ~Li' L
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The Daily Collegian Wednesday, April 23, 1980—2
by Mike §keek
Answers in tomorrow’s Collegian Classifieds
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