Business: TIME CLOCK, Apr. 16, 1956

HIGHER OIL PRICES are on the way, says Sinclair Oil Corp. President P. C. Spencer. Though producers have held prices fairly stable for almost three years, the cost of finding oil and the cost of refining it are rising so fast that the industry wants a flat 20% hike in the price of crude oil, with commensurate price boosts for all refined products.

LOW RAILROAD PROFITS will be laid before the public in a $100 million ad campaign, if New York Central Boss Robert R. Young has his way. Young is disturbed over the fact that the industry earns barely 4% profit...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!