Oil Well. At the peak of the summer driving season, the gasoline shortage feared by many oilmen had failed to show itself. Said Jersey Standard's Economist Courtney C. Brown: barring "unforeseeable trouble," prospects were good for continued adequate supplies of both gasoline and fuel oil.
Boost into Black. U.S. railroads, which had received a 21.4% temporary freight-rate increase since last October, got the increase made permanent by the Interstate Commerce Commission. ICC also added a new 1.2% boost (about $67.4 million a year), much less than the additional 5.6% the railroads had asked. Nevertheless, the roads were feeling a lot better....
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