Business: Deals & Developments

No Pipe Lines. Insistent has been the plaint of the railroads that the oil companies should not control the transportation of oil through pipe lines. Last week three railroads—Texas & Pacific, St. Louis-Southwestern, International Great Northern (Missouri-Pacific controlled)—heard joyously that two big oil companies had dropped the idea of building pipe lines into the new eastern Texas oil field. Reason thought to be behind the decision was that Texas laws provide that the owner of a pipe line must buy all oil offered, whereas for shipment by rail a company needs buy only...

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