FOREIGN TRADE: Two-Way Dollars

Standard Oil Co. of NJ. this week added its name to the growing list of U.S. companies urging lower tariffs. In a statement to the Clarence Randall Commission, Jersey Standard said: "Deterrents to international trade or investment . . . in U.S. laws or regulations should be reduced to the fullest possible extent consistent with national security, and . . . any further restrictions . . . should be avoided as injurious to our country and its citizens."

For the oil industry, said the company, "large-scale American participation" in developing overseas supplies is second in importance only to "a vigorous...