Business & Finance: M-K's Pipe

Statisticians comparing May 1930 and May 1929 business found many decreases, few increases. According to the most recent Crandall Pierce Business Index, last month showed freight car loadings down 9%, commodity prices down 6%, automobile production down 31%, pig iron production down 13%. Among the comparatively few increases were commercial failures, up 9%. Yet last week one young industry prospered and expanded, cheered by its demands an old industry. For when Missouri-Kansas Pipe Line Co. announced that it would build a 1,250-mi. natural gas pipe line from the Texas Panhandle to Indianapolis, it...

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