Time Clock, may 6, 1957

OIL IMPORTS will soon be curbed voluntarily by oil companies, Government believes. After trying unsuccessfully for two years to hold down imports (now running 510,000 bbl. a day more than Government wants as limit), Office of Defense Mobilization is conferring with top oilmen, is confident they will bow to President Eisenhower's implied threat to impose Government controls, tariffs on imports.

LOOSER MORTGAGE MARKET is in sight, and home loans will be easier to get in months to come, say Manhattan bankers. Reasons: demand for other types of credit is slackening, and higher interest rates...

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