Business: Russian Oil

The Soviet government has been vexed ever since Great Britain's Home Secretary Sir Joynson-Hicks raided their London quarters (TIME, May 23). How to retaliate, how to make harsh gestures has been their aim. Recently they reconfirmed a concession that William Averell Harriman had wheedled from them for mining manganese (TiME, June 20). The British had been, supposedly, using their astute offices to thwart that concession. Giving it to Mr. Harriman, the Soviets intended as a slap at Great Britain.

If that gesture was a slap, last week's was a fisticuff. The Soviets last...

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