RAILWAYS: Postponed

Last week the Interstate Commerce Commission announced that it would adjourn "for the summer months" on July 29. Inasmuch as the proposed railway mergers of the Van Sweringen brothers (TIME, Aug. 18, Apr. 6, 27, June 8, BUSINESS) are before the Commission awaiting approval or rejection, the adjournment will probably prevent action until fall. Since the Van Sweringen merger is a "test case," other mergers will probably be postponed accordingly.

Announcing adjournment, the Commission also announced the assumption of new work. Last winter Congress passed a resolution (TIME, Feb. 9, CONGRESS),...

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