Business & Finance: Deals & Developments

Ural Oil? A big new Russian oil field would relieve the shortage of kerosene in Sovietland. It would also give Russia greater bargaining power in international oil meetings. Last week Russian scientists announced not one such new field but three, all strategically located in the Ural mountains, all prodigiously rich. Production from these fields, they said, would free all other Soviet oil for export. Because the revelation came hard upon an international oil parley which collapsed when Russia would not accept offered terms (TIME, June 13) oilmen accepted it with reservations.

Trusts. Consolidation...

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