OIL: Profits from Inches

Jesse Jones let out some figures last week which startled the oil industry. The figures: Big Inch and Little Big Inch pipelines, both owned by Jones' Defense Plant Corp., are turning in fat profits of nearly $100,000 a day. More important for their postwar future, they are carrying petroleum products from Texas to the New York area far cheaper than private carriers, either rail cars or tankers.

Big Inch, stretching 1,362 miles from Longview, Tex. to Linden, N.J., is pumping 320,695 barrels of crude oil a day at a net profit of 20¢ a barrel. Little Big Inch, 221 miles...

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